Penserra Capital Management LLC Purchases 5,480 Shares of Omnicom Group Inc. (NYSE:OMC)

Penserra Capital Management LLC increased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 396.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,864 shares of the business services provider's stock after purchasing an additional 5,480 shares during the quarter. Penserra Capital Management LLC's holdings in Omnicom Group were worth $569,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Johnson Financial Group Inc. grew its stake in shares of Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after buying an additional 200 shares during the period. Versant Capital Management Inc raised its holdings in shares of Omnicom Group by 45.7% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after purchasing an additional 143 shares in the last quarter. CoreCap Advisors LLC grew its position in shares of Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after buying an additional 404 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of Omnicom Group by 230.2% in the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock valued at $41,000 after buying an additional 343 shares during the last quarter. Finally, Whittier Trust Co. grew its position in Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after purchasing an additional 323 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Trading Down 0.1%

OMC traded down $0.08 during mid-day trading on Monday, hitting $72.67. The stock had a trading volume of 4,001,352 shares, compared to its average volume of 2,675,224. The stock's fifty day simple moving average is $73.29 and its 200-day simple moving average is $78.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 0.87. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $107.00. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 1.60 and a beta of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a net margin of 9.20% and a return on equity of 34.85%. The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. As a group, research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Tuesday, June 10th. Omnicom Group's payout ratio is 38.30%.

Analysts Set New Price Targets

OMC has been the subject of several recent analyst reports. Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a research note on Monday, June 23rd. Wells Fargo & Company dropped their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group dropped their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Finally, Citigroup restated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.29.

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.