US Bancorp DE Has $5.77 Million Stake in Omnicom Group Inc. $OMC

Key Points

• US Bancorp DE has decreased its stake in Omnicom Group Inc. by 12.7%, owning 80,173 shares worth approximately $5.77 million as of the latest filing.
• Omnicom Group's latest earnings report showed $2.05 earnings per share, surpassing analyst expectations and reflecting a 4.2% revenue increase year-over-year.
• The company recently declared a quarterly dividend of $0.70 per share, representing a yield of 3.7% and a payout ratio of 40.17%.

US Bancorp DE decreased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 12.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,173 shares of the business services provider's stock after selling 11,625 shares during the period. US Bancorp DE's holdings in Omnicom Group were worth $5,768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OMC. Pacer Advisors Inc. lifted its position in Omnicom Group by 17,506.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider's stock worth $227,512,000 after acquiring an additional 2,728,494 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Omnicom Group by 20.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider's stock valued at $595,147,000 after buying an additional 1,205,165 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of 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 valued at $323,040,000 after buying an additional 1,199,725 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Omnicom Group by 1,836.5% during the first quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider's stock valued at $89,114,000 after buying an additional 1,030,633 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Omnicom Group by 42.7% during 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 buying an additional 887,415 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Performance

NYSE OMC opened at $76.50 on Monday. The stock has a market cap of $14.82 billion, a P/E ratio of 10.98, a PEG ratio of 1.49 and a beta of 0.96. The company's 50-day simple moving average is $76.88 and its 200 day simple moving average is $74.94. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month 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.

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

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Omnicom Group's dividend payout ratio is currently 40.17%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Wells Fargo & Company raised shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a research report on Monday, June 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and an average price target of $96.29.

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.

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