Vontobel Holding Ltd. Has $3.88 Million Stock Holdings in Omnicom Group Inc. $OMC

Key Points

• Vontobel Holding Ltd. reduced its stake in Omnicom Group by 21.6%, owning 53,915 shares worth approximately $3.88 million as of the latest SEC filing.
• Omnicom Group recently reported a $4.02 billion revenue for the quarter, exceeding expectations, and a net margin of 8.67% with a return on equity of 33.62%.
• The company declared a quarterly dividend of $0.70 per share, representing an annual yield of 3.7% with a payout ratio of 40.17%.

Vontobel Holding Ltd. lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 21.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 53,915 shares of the business services provider's stock after selling 14,823 shares during the period. Vontobel Holding Ltd.'s holdings in Omnicom Group were worth $3,879,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of OMC. Farther Finance Advisors LLC grew its holdings in Omnicom Group by 51.1% during the 1st quarter. Farther Finance Advisors LLC now owns 7,420 shares of the business services provider's stock worth $592,000 after acquiring an additional 2,508 shares during the period. Pallas Capital Advisors LLC acquired a new position in shares of Omnicom Group in the 1st quarter valued at $208,000. CX Institutional grew its holdings in shares of Omnicom Group by 6.8% in the 1st quarter. CX Institutional now owns 4,394 shares of the business services provider's stock valued at $364,000 after buying an additional 281 shares during the period. Focus Financial Network Inc. acquired a new position in shares of Omnicom Group in the 1st quarter valued at $207,000. Finally, Fifth Third Bancorp grew its holdings in shares of Omnicom Group by 13.9% in the 1st quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider's stock valued at $618,000 after buying an additional 913 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Trading Down 1.4%

Shares of NYSE:OMC opened at $76.50 on Friday. The company's 50-day moving average price is $76.88 and its two-hundred day moving average price is $75.02. 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 Inc. has a one year low of $68.37 and a one year high of $107.00. The stock has a market capitalization of $14.82 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.52 and a beta of 0.96.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $3.95 billion. During the same period in the previous year, the firm posted $1.95 EPS. The company's revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on OMC shares. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Weiss Ratings reissued a "hold (c)" rating on shares of Omnicom Group in a report on Wednesday. Wells Fargo & Company raised shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $78.00 to $91.00 in a 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 target for the company in a report on Monday, June 23rd. Finally, Barclays cut 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. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $96.29.

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.

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