Omnicom Group Inc. $OMC Stake Lifted by Van Lanschot Kempen Investment Management N.V.

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its stake in Omnicom Group by 5.4%, owning 179,531 shares valued at approximately $14.89 million at the end of the latest reporting period.
• Omnicom Group reported a quarterly earnings per share (EPS) of $2.05, exceeding analysts' expectations of $2.02, alongside revenue of $4.02 billion, a 4.2% year-over-year increase.
• The company announced a quarterly dividend of $0.70 per share, which will be payable on October 10th, reflecting an annualized dividend of $2.80 and a yield of 3.6%.

Van Lanschot Kempen Investment Management N.V. grew its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 5.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,531 shares of the business services provider's stock after purchasing an additional 9,164 shares during the period. Van Lanschot Kempen Investment Management N.V. owned approximately 0.09% of Omnicom Group worth $14,885,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in OMC. Pacer Advisors Inc. raised its stake in shares of Omnicom Group by 17,506.1% during the first quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider's stock valued at $227,512,000 after purchasing an additional 2,728,494 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in Omnicom Group during the 4th quarter worth approximately $150,819,000. Massachusetts Financial Services Co. MA increased its holdings in Omnicom Group by 20.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider's stock worth $595,147,000 after purchasing an additional 1,205,165 shares during the last quarter. Boston Partners increased its holdings in Omnicom Group by 18.5% during the 1st quarter. Boston Partners now owns 4,882,041 shares of the business services provider's stock worth $402,598,000 after purchasing an additional 762,871 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Omnicom Group by 32.8% in the first quarter. JPMorgan Chase & Co. now owns 2,851,294 shares of the business services provider's stock worth $236,401,000 after buying an additional 704,275 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OMC shares. Wells Fargo & Company dropped their price target 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 price target for the company in a research note on Monday, June 23rd. JPMorgan Chase & Co. dropped their price target 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. Finally, Barclays lowered 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. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $94.43.

Omnicom Group Stock Performance

OMC traded up $2.0480 during trading hours on Friday, hitting $79.5280. 4,736,853 shares of the stock were exchanged, compared to its average volume of 3,263,023. The stock has a 50-day simple moving average of $73.44 and a 200-day simple moving average of $76.07. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.80.

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

Omnicom Group Dividend Announcement

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

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.