Omnicom Group Inc. $OMC Shares Bought by TIG Advisors LLC

Key Points

• TIG Advisors LLC increased its stake in Omnicom Group Inc. by 4.5% in the first quarter, owning approximately 121,797 shares valued at about $10.1 million.
• Analysts have recently adjusted price targets for Omnicom Group, with Wells Fargo lowering its target from $84 to $78, while Barclays and JPMorgan Chase also made downward revisions.
• Omnicom Group announced a quarterly dividend of $0.70, translating to an annualized yield of 3.6%, with a payout ratio of 40.17%.

TIG Advisors LLC raised its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 121,797 shares of the business services provider's stock after purchasing an additional 5,218 shares during the period. Omnicom Group accounts for 0.6% of TIG Advisors LLC's portfolio, making the stock its 26th largest position. TIG Advisors LLC owned about 0.06% of Omnicom Group worth $10,098,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Focus Partners Advisor Solutions LLC acquired a new position in Omnicom Group during the first quarter worth approximately $290,000. Caption Management LLC purchased a new stake in Omnicom Group during the first quarter worth approximately $290,000. Baird Financial Group Inc. grew its stake in Omnicom Group by 44.5% during the first quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider's stock worth $323,040,000 after buying an additional 1,199,725 shares during the period. Vident Advisory LLC grew its stake in Omnicom Group by 107.8% during the first quarter. Vident Advisory LLC now owns 42,040 shares of the business services provider's stock worth $3,486,000 after buying an additional 21,809 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Omnicom Group by 21.1% during the first quarter. The Manufacturers Life Insurance Company now owns 907,787 shares of the business services provider's stock worth $75,265,000 after buying an additional 158,281 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Up 1.1%

NYSE OMC traded up $0.87 during trading hours on Friday, reaching $79.41. 2,729,854 shares of the company traded hands, compared to its average volume of 3,238,812. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $15.38 billion, a PE ratio of 11.39, a PEG ratio of 1.56 and a beta of 0.97. The company has a 50 day moving average of $74.96 and a two-hundred day moving average of $75.81.

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

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's dividend payout ratio is 40.17%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Wells Fargo & Company decreased their target price on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 16th. Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a research note on Monday, June 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $94.43.

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.