EP Wealth Advisors LLC Raises Stake in Omnicom Group Inc. (NYSE:OMC)

EP Wealth Advisors LLC grew its stake in Omnicom Group Inc. (NYSE:OMC) by 5.8% during the 1st quarter, HoldingsChannel reports. The firm owned 4,935 shares of the business services provider’s stock after buying an additional 269 shares during the quarter. EP Wealth Advisors LLC’s holdings in Omnicom Group were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of OMC. Balyasny Asset Management L.P. purchased a new stake in Omnicom Group in the 4th quarter worth approximately $93,634,000. Morningstar Investment Services LLC boosted its position in Omnicom Group by 98.7% in the 4th quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock worth $104,037,000 after purchasing an additional 595,746 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Omnicom Group by 88.9% in the 4th quarter. Point72 Asset Management L.P. now owns 1,161,477 shares of the business services provider’s stock worth $100,479,000 after purchasing an additional 546,577 shares in the last quarter. Junto Capital Management LP purchased a new stake in Omnicom Group in the 4th quarter worth approximately $43,502,000. Finally, Scout Investments Inc. purchased a new position in shares of Omnicom Group during the 1st quarter valued at approximately $36,715,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OMC. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Macquarie reiterated an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a research report on Wednesday, July 17th. JPMorgan Chase & Co. increased their target price on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $100.00 to $110.00 in a research report on Tuesday, May 7th. Finally, UBS Group increased their target price on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.70.

Omnicom Group Trading Up 2.2 %

Shares of OMC traded up $2.08 during midday trading on Friday, reaching $95.43. The company had a trading volume of 2,018,439 shares, compared to its average volume of 1,741,401. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $98.06. The stock has a market cap of $18.67 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 2.20 and a beta of 0.95. The firm has a 50 day simple moving average of $91.38 and a 200-day simple moving average of $91.52. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the company earned $1.81 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts forecast that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 453 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $92.68, for a total transaction of $41,984.04. Following the completion of the transaction, the director now directly owns 9,830 shares in the company, valued at approximately $911,044.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group 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.