Omnicom Group Inc. $OMC Shares Purchased by Lbp Am Sa

Key Points

• Lbp Am Sa increased its stake in Omnicom Group by 8.0% during Q2, resulting in 109,658 shares valued at approximately $7.89 million.
• Analysts have adjusted their ratings on Omnicom Group, with Barclays lowering its target price to $80.00, while Wells Fargo raised its target to $91.00.
• Omnicom Group recently declared a $0.70 quarterly dividend, yielding 3.6%, to be paid on October 10th to investors recorded by September 2nd.

Lbp Am Sa grew its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,658 shares of the business services provider's stock after purchasing an additional 8,137 shares during the period. Lbp Am Sa owned approximately 0.06% of Omnicom Group worth $7,889,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new stake in shares of Omnicom Group during the 1st quarter worth $34,000. Gen Wealth Partners Inc purchased a new stake in shares of Omnicom Group during the 1st quarter worth $36,000. Versant Capital Management Inc boosted its position 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 in the last quarter. Golden State Wealth Management LLC boosted its position 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 in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Omnicom Group during the 1st quarter worth $43,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on OMC shares. Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. JPMorgan Chase & Co. cut their price target on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Wells Fargo & Company raised Omnicom Group from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Finally, Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a research note on Monday, June 23rd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $96.29.

Omnicom Group Trading Down 5.0%

Shares of OMC stock opened at $77.49 on Thursday. The firm has a 50-day moving average price of $76.31 and a 200 day moving average price of $75.15. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 1.59 and a beta of 0.96. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the previous year, the company posted $1.95 EPS. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

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