Semmax Financial Advisors Inc. Boosts Stock Position in Omnicom Group Inc. $OMC

Key Points

• Semmax Financial Advisors Inc. increased its stake in Omnicom Group Inc. by 12.8%, owning 43,261 shares worth approximately $3.29 million as of the latest SEC filing.
• Analyst ratings for Omnicom Group are mixed, with four ratings for Buy and four for Hold, while the consensus target price is set at $94.43.
• Omnicom Group declared a quarterly dividend of $0.70 per share, which will be paid on October 10th, representing a 3.5% dividend yield.

Semmax Financial Advisors Inc. boosted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 12.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,261 shares of the business services provider's stock after acquiring an additional 4,920 shares during the period. Semmax Financial Advisors Inc.'s holdings in Omnicom Group were worth $3,286,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC lifted its holdings in Omnicom Group by 157.9% in the first quarter. Merit Financial Group LLC now owns 7,661 shares of the business services provider's stock valued at $635,000 after acquiring an additional 4,690 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in 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 valued at $41,000 after acquiring an additional 343 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Omnicom Group by 13.9% in the first quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider's stock valued at $618,000 after acquiring an additional 913 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Omnicom Group in the first quarter valued at approximately $1,357,000. Finally, Goldman Sachs Group Inc. raised its position in Omnicom Group by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider's stock valued at $245,909,000 after purchasing an additional 887,415 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.9%

Shares of Omnicom Group stock traded down $0.70 during trading hours on Friday, reaching $77.14. 3,292,519 shares of the company were exchanged, compared to its average volume of 3,030,801. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $107.00. The stock's fifty day moving average is $75.31 and its 200 day moving average is $75.51. 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 firm has a market cap of $14.94 billion, a PE ratio of 11.07, a PEG ratio of 1.53 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 for the quarter, topping 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 business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the company earned $1.95 earnings per share. The company's revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

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

Analyst Upgrades and Downgrades

OMC has been the subject of several research analyst reports. Wells Fargo & Company lowered their price target on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 16th. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research note on Monday, June 23rd. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Finally, Barclays cut Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $105.00 to $80.00 in a report on Wednesday, June 25th. Four investment 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 stock has an average rating of "Moderate Buy" and an average target price of $94.43.

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.