Resources Management Corp CT ADV Has $5.23 Million Stock Holdings in Omnicom Group Inc. $OMC

Key Points

• Resources Management Corp CT ADV increased its stake in Omnicom Group by 8.6%, owning a total of 63,061 shares worth approximately $5.23 million following the purchase of an additional 4,997 shares.
• Omnicom Group's recent earnings report showed an EPS of $2.05, surpassing estimates by $0.03, with revenue of $4.02 billion reflecting a year-over-year growth of 4.2%.
• The company announced a quarterly dividend of $0.70 per share, which indicates a 3.5% dividend yield and a payout ratio of 40.17%.

Resources Management Corp CT ADV boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,061 shares of the business services provider's stock after purchasing an additional 4,997 shares during the quarter. Resources Management Corp CT ADV's holdings in Omnicom Group were worth $5,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of OMC. Ameriprise Financial Inc. increased its position in Omnicom Group by 2.2% during the fourth quarter. Ameriprise Financial Inc. now owns 145,652 shares of the business services provider's stock worth $12,550,000 after acquiring an additional 3,068 shares during the period. Captrust Financial Advisors increased its position in Omnicom Group by 4.9% during the fourth quarter. Captrust Financial Advisors now owns 12,604 shares of the business services provider's stock worth $1,084,000 after acquiring an additional 593 shares during the period. Crestline Management LP increased its position in Omnicom Group by 157.0% during the fourth quarter. Crestline Management LP now owns 9,580 shares of the business services provider's stock worth $824,000 after acquiring an additional 5,853 shares during the period. CoreCap Advisors LLC increased its position in Omnicom Group by 708.8% during the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after acquiring an additional 404 shares during the period. Finally, EP Wealth Advisors LLC increased its position in 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 worth $662,000 after acquiring an additional 784 shares during the period. Institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

OMC traded down $1.32 during trading on Friday, reaching $76.52. 742,356 shares of the company's stock were exchanged, compared to its average volume of 3,593,955. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two 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 business has a 50 day moving average price of $75.26 and a 200 day moving average price of $75.66. The company has a market capitalization of $14.82 billion, a P/E ratio of 10.99, a PEG ratio of 1.51 and a beta of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $2.02 by $0.03. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate 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. 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 company 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 $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's payout ratio is currently 40.17%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on OMC shares. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research 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 research report on Wednesday, July 16th. JPMorgan Chase & Co. dropped their target price 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, Barclays downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, 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.