18,245 Shares in Omnicom Group Inc. (NYSE:OMC) Acquired by Wolf Group Capital Advisors

Wolf Group Capital Advisors purchased a new position in Omnicom Group Inc. (NYSE:OMC) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,245 shares of the business services provider’s stock, valued at approximately $1,513,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of OMC. Venturi Wealth Management LLC increased its holdings in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 195 shares during the period. Johnson Financial Group Inc. increased its holdings in Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock worth $29,000 after buying an additional 200 shares during the period. Versant Capital Management Inc increased its holdings in Omnicom Group by 45.7% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock worth $38,000 after buying an additional 143 shares during the period. CoreCap Advisors LLC increased its holdings in Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider’s stock worth $40,000 after buying an additional 404 shares during the period. Finally, Whittier Trust Co. increased its holdings in Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after buying an additional 323 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Barclays dropped their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Citigroup reaffirmed a “buy” rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. UBS Group dropped their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Finally, Wells Fargo & Company dropped their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.29.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $69.21 on Wednesday. The stock has a market capitalization of $13.50 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.70 and a beta of 0.93. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00. The firm’s 50 day simple moving average is $74.16 and its 200-day simple moving average is $81.09. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 0.87.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.05%. Omnicom Group’s dividend payout ratio (DPR) is 38.30%.

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.