Petrus Trust Company LTA Raises Stake in Omnicom Group Inc. $OMC

Key Points

• Petrus Trust Company LTA increased its holdings in Omnicom Group by 77.3% in the 1st quarter, owning a total of 7,422 shares worth approximately $615,000 as of its latest SEC filing.
• Multiple institutional investors have adjusted their positions in Omnicom Group, with 91.97% of the stock currently owned by hedge funds and other institutions.
• Omnicom Group recently announced a quarterly dividend of $0.70 per share, with an annualized dividend yield of 3.5%, scheduled for payment on October 10th.

Petrus Trust Company LTA increased its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 77.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,422 shares of the business services provider's stock after buying an additional 3,236 shares during the quarter. Petrus Trust Company LTA's holdings in Omnicom Group were worth $615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in shares of Omnicom Group by 2.2% during the fourth quarter. Ameriprise Financial Inc. now owns 145,652 shares of the business services provider's stock valued at $12,550,000 after buying an additional 3,068 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Omnicom Group by 4.9% during the fourth quarter. Captrust Financial Advisors now owns 12,604 shares of the business services provider's stock valued at $1,084,000 after buying an additional 593 shares during the last quarter. Crestline Management LP raised its position in shares of Omnicom Group by 157.0% during the fourth quarter. Crestline Management LP now owns 9,580 shares of the business services provider's stock valued at $824,000 after buying an additional 5,853 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Omnicom Group by 708.8% during the fourth 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. Finally, EP Wealth Advisors LLC raised its position in shares of Omnicom Group by 11.3% during the fourth quarter. EP Wealth Advisors LLC now owns 7,692 shares of the business services provider's stock valued at $662,000 after buying an additional 784 shares during the last quarter. Institutional investors own 91.97% of the company's stock.

Analysts Set New Price Targets

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

Omnicom Group Trading Down 0.4%

NYSE OMC traded down $0.34 on Friday, hitting $77.50. 592,006 shares of the stock were exchanged, compared to its average volume of 3,593,230. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. The stock has a fifty day moving average price of $75.26 and a two-hundred day moving average price of $75.66. The firm has a market capitalization of $15.01 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.51 and a beta of 0.97. 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 issued its earnings results 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 firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The business's revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.95 earnings per share. Research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's 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.