Qtron Investments LLC Invests $356,000 in Omnicom Group Inc. $OMC

Key Points

• Qtron Investments LLC made a new investment of $356,000 in Omnicom Group Inc., acquiring 4,288 shares during the first quarter.
• Omnicom Group reported a 4.2% year-over-year revenue increase for the quarter, reaching $4.02 billion, with an EPS of $2.05, surpassing analysts' expectations.
• The company declared a quarterly dividend of $0.70, giving it an annualized dividend yield of 3.7%, with a payout ratio of 40.17%.

Qtron Investments LLC bought a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,288 shares of the business services provider's stock, valued at approximately $356,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Johnson Financial Group Inc. increased its position in 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 acquiring an additional 200 shares during the period. Zions Bancorporation National Association UT acquired a new position in Omnicom Group in the 1st quarter valued at about $34,000. Gen Wealth Partners Inc acquired a new position in Omnicom Group in the 1st quarter valued at about $36,000. Versant Capital Management Inc increased its position in 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 acquiring an additional 143 shares during the period. Finally, CoreCap Advisors LLC increased its position in 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 acquiring an additional 404 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their price objective 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. JPMorgan Chase & Co. lowered their price objective 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. Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research report on Monday, June 23rd. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $94.43.

Omnicom Group Stock Performance

OMC traded up $2.0480 during trading on Friday, reaching $79.5280. The company's stock had a trading volume of 4,736,853 shares, compared to its average volume of 3,394,241. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $107.00. The company's fifty day moving average price is $73.44 and its 200-day moving average price is $76.02. The company has a market capitalization of $15.41 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the company earned $1.95 EPS. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's payout ratio is currently 40.17%.

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.