Quadcap Wealth Management LLC Raises Stock Holdings in Omnicom Group Inc. $OMC

Key Points

• Quadcap Wealth Management LLC increased its holdings in Omnicom Group Inc. by **50.4%**, acquiring an additional **4,254 shares** during the first quarter, bringing their total to **12,693 shares** worth **$1,052,000**.
• Analysts have mixed views on Omnicom Group, with target prices ranging from **$78.00 to $96.00** and an average rating of **"Moderate Buy."**
• Omnicom Group's upcoming dividend is set at **$0.70 per share**, representing an annualized yield of **3.6%**, with the ex-dividend date on **September 2nd**.

Quadcap Wealth Management LLC boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 50.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,693 shares of the business services provider's stock after purchasing an additional 4,254 shares during the quarter. Quadcap Wealth Management LLC's holdings in Omnicom Group were worth $1,052,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Merit Financial Group LLC raised its stake in Omnicom Group by 157.9% during the first quarter. Merit Financial Group LLC now owns 7,661 shares of the business services provider's stock valued at $635,000 after purchasing an additional 4,690 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Omnicom Group by 230.2% in the first 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 during the last quarter. Fifth Third Bancorp grew its holdings in shares of Omnicom Group by 13.9% in the first quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider's stock worth $618,000 after purchasing an additional 913 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Omnicom Group in the first quarter worth about $1,357,000. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Omnicom Group by 10.4% in the first quarter. Asset Management One Co. Ltd. now owns 81,474 shares of the business services provider's stock worth $6,755,000 after purchasing an additional 7,665 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

Shares of Omnicom Group stock traded up $0.61 during midday trading on Friday, hitting $78.34. The company had a trading volume of 1,767,223 shares, compared to its average volume of 3,466,538. The stock has a market cap of $15.18 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.55 and a beta of 0.94. 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 company has a fifty day simple moving average of $74.30 and a 200 day simple moving average of $75.92. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.03. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. Omnicom Group's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 EPS. As a group, analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's payout ratio is currently 40.17%.

Wall Street Analyst Weigh In

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

Omnicom Group 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.