Baird Financial Group Inc. Has $323.04 Million Stock Holdings in Omnicom Group Inc. $OMC

Key Points

• Baird Financial Group Inc. increased its stake in Omnicom Group by 44.5% in Q1, owning approximately 2.00% of the company valued at $323 million.
• Omnicom Group's recent earnings report showed $2.05 earnings per share, beating analysts' estimates and indicating a year-over-year revenue increase of 4.2%.
• The company announced a quarterly dividend of $0.70 per share, reflecting an annualized yield of 3.6% with a payout ratio of 40.17%.

Baird Financial Group Inc. raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 44.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,896,270 shares of the business services provider's stock after acquiring an additional 1,199,725 shares during the period. Baird Financial Group Inc. owned approximately 2.00% of Omnicom Group worth $323,040,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Omnicom Group by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider's stock valued at $1,945,629,000 after acquiring an additional 424,936 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Omnicom Group by 20.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider's stock valued at $595,147,000 after purchasing an additional 1,205,165 shares during the period. Boston Partners increased its position in shares of Omnicom Group by 18.5% during the 1st quarter. Boston Partners now owns 4,882,041 shares of the business services provider's stock valued at $402,598,000 after purchasing an additional 762,871 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Omnicom Group by 1.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,259,431 shares of the business services provider's stock valued at $270,235,000 after purchasing an additional 49,801 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Omnicom Group by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,181,425 shares of the business services provider's stock valued at $263,700,000 after purchasing an additional 279,265 shares during the period. Institutional investors own 91.97% of the company's stock.

Omnicom Group Price Performance

Shares of NYSE OMC traded up $0.61 during mid-day trading on Monday, reaching $78.34. The company had a trading volume of 1,767,223 shares, compared to its average volume of 3,433,138. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. The stock has a market cap of $15.18 billion, a PE ratio of 11.24, a P/E/G ratio of 1.55 and a beta of 0.97. The company has a 50-day moving average price of $74.43 and a two-hundred day moving average price of $75.85. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.03. The business had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 EPS. On average, equities analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's payout ratio is presently 40.17%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OMC. Bank of America upgraded Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a research report on Monday, June 23rd. JPMorgan Chase & Co. lowered their price target on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Barclays cut Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company lowered their price target on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 16th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $94.43.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.