Omnicom Group Inc. $OMC Shares Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly increased its holdings in Omnicom Group by 301.5% during the 1st quarter, owning 16,891 shares valued at $1.4 million.
• Omnicom Group's quarterly revenue reached $4.02 billion, exceeding analysts' expectations, and reported earnings of $2.05 per share.
• The company announced a quarterly dividend of $0.70 per share, reflecting an annualized yield of 3.5%, with the ex-dividend date on September 2nd.

AlphaQuest LLC grew its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 301.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,891 shares of the business services provider's stock after purchasing an additional 12,684 shares during the quarter. AlphaQuest LLC's holdings in Omnicom Group were worth $1,400,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Johnson Financial Group Inc. grew its stake in Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after buying an additional 200 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Omnicom Group in the first quarter worth about $34,000. Gen Wealth Partners Inc purchased a new stake in shares of Omnicom Group during the first quarter worth about $36,000. Versant Capital Management Inc grew its stake in shares of Omnicom Group by 45.7% during the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after acquiring an additional 143 shares during the last quarter. Finally, CoreCap Advisors LLC increased its holdings in shares of Omnicom Group by 708.8% during the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after acquiring an additional 404 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Omnicom Group Stock Up 2.6%

Omnicom Group stock opened at $79.5280 on Friday. The business's 50-day moving average price is $73.44 and its 200 day moving average price is $76.13. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly 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. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the prior year, the firm posted $1.95 earnings per share. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Omnicom Group's dividend payout ratio (DPR) is 40.17%.

About Omnicom Group

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.

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