Omnicom Group Inc. $OMC Shares Bought by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. increased its stake in Omnicom Group by 1.7% during Q2, owning 402,044 shares worth approximately $28.9 million.
• A number of analysts adjusted their price targets for Omnicom Group, with Wells Fargo raising it to $91.00 and several downgrades leading to an average target of $96.29.
• Omnicom Group announced a quarterly dividend of $0.70, providing a yield of 3.6% and maintaining a payout ratio of 40.17%.

Fort Washington Investment Advisors Inc. OH raised its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 402,044 shares of the business services provider's stock after purchasing an additional 6,728 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.21% of Omnicom Group worth $28,923,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of OMC. Zions Bancorporation National Association UT acquired a new stake in Omnicom Group during the first quarter worth about $34,000. Gen Wealth Partners Inc purchased a new stake in Omnicom Group in the 1st quarter worth approximately $36,000. Versant Capital Management Inc grew its stake in shares of Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after purchasing an additional 143 shares during the period. Golden State Wealth Management LLC grew its stake in shares of Omnicom Group by 230.2% during the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock worth $41,000 after purchasing an additional 343 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Omnicom Group during the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on OMC shares. Wells Fargo & Company raised shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. Bank of America upgraded 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. reduced their price target on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Finally, Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Omnicom Group presently has a consensus rating of "Moderate Buy" and an average price target of $96.29.

Omnicom Group Stock Performance

NYSE OMC opened at $77.04 on Monday. The stock's fifty day moving average is $76.02 and its two-hundred day moving average is $75.10. The firm has a market capitalization of $14.92 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.50 and a beta of 0.97. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week 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 during the quarter, compared to the consensus estimate of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company earned $1.95 EPS. On average, research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

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

Omnicom Group Company 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.

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