Simmons Bank Buys 15,774 Shares of Omnicom Group Inc. (NYSE:OMC)

Simmons Bank raised its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 492.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,976 shares of the business services provider's stock after purchasing an additional 15,774 shares during the quarter. Simmons Bank's holdings in Omnicom Group were worth $1,573,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in shares of Omnicom Group by 13.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock worth $105,000 after acquiring an additional 147 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Omnicom Group in the fourth quarter worth $78,000. Proficio Capital Partners LLC acquired a new position in shares of Omnicom Group in the fourth quarter worth $5,125,000. Aigen Investment Management LP acquired a new position in shares of Omnicom Group in the fourth quarter worth $279,000. Finally, Arizona State Retirement System increased its stake in shares of Omnicom Group by 1.3% in the fourth quarter. Arizona State Retirement System now owns 56,826 shares of the business services provider's stock worth $4,889,000 after acquiring an additional 719 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

OMC stock traded up $0.41 during mid-day trading on Tuesday, reaching $74.25. 2,607,655 shares of the stock traded hands, compared to its average volume of 2,613,824. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00. The business has a 50-day moving average of $73.52 and a two-hundred day moving average of $78.79. The firm has a market capitalization of $14.49 billion, a PE ratio of 10.16, a P/E/G ratio of 1.65 and a beta of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a net margin of 9.20% and a return on equity of 34.85%. The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. As a group, equities analysts predict 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 Wednesday, July 9th. Investors of record on Tuesday, June 10th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's payout ratio is presently 38.30%.

Analysts Set New Price Targets

OMC has been the topic of a number of research reports. Barclays downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company decreased their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. UBS Group decreased their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Finally, Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a report on Monday, June 23rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of "Moderate Buy" and an average target price of $96.43.

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.