Board of the Pension Protection Fund Acquires Shares of 12,900 Omnicom Group Inc. $OMC

Board of the Pension Protection Fund purchased a new position in Omnicom Group Inc. (NYSE:OMC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,900 shares of the business services provider’s stock, valued at approximately $928,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OMC. Farther Finance Advisors LLC boosted its position in shares of Omnicom Group by 51.1% in the 1st quarter. Farther Finance Advisors LLC now owns 7,420 shares of the business services provider’s stock worth $592,000 after purchasing an additional 2,508 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in Omnicom Group during the first quarter worth about $208,000. CX Institutional boosted its holdings in Omnicom Group by 6.8% during the first quarter. CX Institutional now owns 4,394 shares of the business services provider’s stock worth $364,000 after buying an additional 281 shares during the last quarter. Focus Financial Network Inc. bought a new position in Omnicom Group during the first quarter worth about $207,000. Finally, Fifth Third Bancorp boosted its holdings in Omnicom Group by 13.9% during the first quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider’s stock worth $618,000 after buying an additional 913 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and reduced their price objective 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 report on Monday, June 23rd. JPMorgan Chase & Co. reduced their price target 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. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday. Finally, Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $96.29.

Omnicom Group Stock Performance

Shares of OMC opened at $76.50 on Friday. 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 twelve month low of $68.37 and a twelve month high of $107.00. The firm’s 50 day moving average price is $76.88 and its two-hundred day moving average price is $74.98. The firm has a market cap of $14.82 billion, a P/E ratio of 10.98, a PEG ratio of 1.49 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $2.02 by $0.03. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.95 EPS. On average, analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, September 2nd. Omnicom Group’s payout ratio is 40.17%.

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.