Omnicom Group Inc. $OMC Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in Omnicom Group Inc. (NYSE:OMC) by 1.5% in the first quarter, Holdings Channel.com reports. The firm owned 1,488,178 shares of the business services provider’s stock after acquiring an additional 21,553 shares during the quarter. Principal Financial Group Inc.’s holdings in Omnicom Group were worth $112,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in OMC. Leonard Rickey Investment Advisors P.L.L.C. raised its stake in shares of Omnicom Group by 4.1% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock worth $305,000 after buying an additional 147 shares in the last quarter. Wakefield Asset Management LLLP boosted its stake in shares of Omnicom Group by 2.6% in the fourth quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock valued at $477,000 after buying an additional 149 shares in the last quarter. Caldwell Trust Co boosted its stake in shares of Omnicom Group by 29.0% in the first quarter. Caldwell Trust Co now owns 662 shares of the business services provider’s stock valued at $50,000 after buying an additional 149 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in Omnicom Group by 39.1% during the first quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider’s stock worth $41,000 after acquiring an additional 153 shares during the period. Finally, Hartford Financial Management Inc. grew its holdings in Omnicom Group by 27.0% during the fourth quarter. Hartford Financial Management Inc. now owns 762 shares of the business services provider’s stock worth $62,000 after acquiring an additional 162 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.3%

OMC opened at $81.03 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. The company has a market cap of $23.09 billion, a price-to-earnings ratio of 207.78, a PEG ratio of 0.48 and a beta of 0.63. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $87.17. The business’s fifty day moving average is $75.55 and its two-hundred day moving average is $76.75.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The business’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the business posted $1.70 earnings per share. Analysts anticipate that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 10th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, June 10th. Omnicom Group’s dividend payout ratio is presently 820.51%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Argus raised Omnicom Group to a “hold” rating in a report on Thursday, March 26th. UBS Group upped their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Citigroup cut their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Finally, Morgan Stanley boosted their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group has an average rating of “Hold” and an average price target of $99.38.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.