Omnicom Group Inc. $OMC Shares Purchased by Transamerica Financial Advisors LLC

Transamerica Financial Advisors LLC boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 19.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,832 shares of the business services provider’s stock after acquiring an additional 2,115 shares during the period. Transamerica Financial Advisors LLC’s holdings in Omnicom Group were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Johnson Financial Group Inc. boosted its stake in shares of Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Omnicom Group during the 1st quarter worth about $34,000. Gen Wealth Partners Inc acquired a new stake in shares of Omnicom Group during the 1st quarter worth about $36,000. Versant Capital Management Inc boosted its stake in shares of Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock worth $38,000 after purchasing an additional 143 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its stake in shares of Omnicom Group by 708.8% during the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider’s stock worth $40,000 after purchasing an additional 404 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

OMC opened at $78.53 on Thursday. The company’s 50 day simple moving average is $73.97 and its 200 day simple moving average is $76.02. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $107.00. The stock has a market capitalization of $15.21 billion, a PE ratio of 11.27, a P/E/G ratio of 1.55 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last released its earnings results 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 net margin of 8.67% and a return on equity of 33.62%. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same period last year, the company earned $1.95 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be issued a $0.70 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 annualized dividend and a yield of 3.6%. Omnicom Group’s dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analyst Weigh In

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

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.