Omnicom Group Inc. $OMC Shares Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its holdings in Omnicom Group by 361.0% in the 1st quarter, acquiring 51,682 additional shares, bringing their total to 65,998 shares valued at $5.47 million.
• Omnicom Group reported $2.05 earnings per share for the last quarter, exceeding analysts' expectations of $2.02 and marking a 4.2% revenue increase year-over-year with total revenue of $4.02 billion.
• The company declared a quarterly dividend of $0.70 per share, with an annualized yield of 3.7%, and has a current dividend payout ratio of 40.17%.

Quantbot Technologies LP lifted its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 361.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,998 shares of the business services provider's stock after buying an additional 51,682 shares during the quarter. Quantbot Technologies LP's holdings in Omnicom Group were worth $5,472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in OMC. Pacer Advisors Inc. raised its stake in shares of Omnicom Group by 17,506.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider's stock worth $227,512,000 after buying an additional 2,728,494 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth $150,819,000. Massachusetts Financial Services Co. MA raised its stake 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 worth $595,147,000 after buying an additional 1,205,165 shares during the last quarter. Boston Partners raised its stake 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 worth $402,598,000 after buying an additional 762,871 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Omnicom Group by 32.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,851,294 shares of the business services provider's stock worth $236,401,000 after buying an additional 704,275 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Trading Up 2.6%

OMC traded up $2.0480 during midday trading on Friday, hitting $79.5280. The company's stock had a trading volume of 4,736,853 shares, compared to its average volume of 3,394,241. 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 firm has a market cap of $15.41 billion, a P/E ratio of 11.41, a PEG ratio of 1.58 and a beta of 0.94. The firm has a 50-day moving average price of $73.44 and a two-hundred day moving average price of $76.02. 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 posted its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $2.02 by $0.03. The company had revenue of $4.02 billion during 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 firm's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be issued 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 payout ratio is presently 40.17%.

Analyst Ratings Changes

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

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.