Perbak Capital Partners LLP Makes New $351,000 Investment in Omnicom Group Inc. $OMC

Key Points

• Perbak Capital Partners LLP has acquired 4,228 shares of Omnicom Group Inc., valued at around $351,000, indicating institutional interest in the company.
• Omnicom Group recently reported earnings of $2.05 per share, exceeding the estimate of $2.02, with a revenue of $4.02 billion for the quarter.
• The company will pay a $0.70 quarterly dividend on October 10th, translating to an annualized payout of $2.80 and a yield of 3.6%.

Perbak Capital Partners LLP purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,228 shares of the business services provider's stock, valued at approximately $351,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Omnicom Group by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider's stock worth $1,945,629,000 after purchasing an additional 424,936 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Omnicom Group by 20.2% in 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 purchasing an additional 1,205,165 shares during the period. Boston Partners boosted its holdings in shares of Omnicom Group by 18.5% in the 1st quarter. Boston Partners now owns 4,882,041 shares of the business services provider's stock worth $402,598,000 after purchasing an additional 762,871 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Omnicom Group by 44.5% in the 1st quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider's stock worth $323,040,000 after purchasing an additional 1,199,725 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Omnicom Group by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,259,431 shares of the business services provider's stock worth $270,235,000 after purchasing an additional 49,801 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OMC. Bank of America upgraded Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a report on Monday, June 23rd. Wells Fargo & Company dropped their target price on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a report on Wednesday, July 16th. Barclays cut Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $105.00 to $80.00 in a report on Wednesday, June 25th. 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 report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $94.43.

Omnicom Group Trading Up 1.1%

OMC traded up $0.87 during trading hours on Friday, reaching $79.41. 2,729,854 shares of the company's stock traded hands, compared to its average volume of 3,122,321. The firm has a 50-day moving average price of $74.96 and a 200 day moving average price of $75.70. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $107.00. 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 capitalization of $15.38 billion, a PE ratio of 11.39, a PEG ratio of 1.58 and a beta of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%.Omnicom Group's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 EPS. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS 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. Shareholders of record on Tuesday, September 2nd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's dividend payout ratio is currently 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.