Omnicom Group Inc. $OMC Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 121.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 77,126 shares of the business services provider’s stock after buying an additional 42,266 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Omnicom Group were worth $5,808,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Activest Wealth Management increased its position in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares during the last quarter. Bayforest Capital Ltd acquired a new position in Omnicom Group in the fourth quarter valued at about $26,000. Elyxium Wealth LLC acquired a new position in Omnicom Group in the fourth quarter valued at about $26,000. Legacy Wealth Managment LLC ID boosted its stake in Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after buying an additional 176 shares during the period. Finally, EFG International AG acquired a new stake in shares of Omnicom Group during the fourth quarter valued at about $28,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Down 0.4%

Shares of NYSE:OMC opened at $73.11 on Friday. The firm has a market capitalization of $20.84 billion, a PE ratio of 187.46, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The firm’s 50-day moving average is $75.11 and its two-hundred day moving average is $76.78.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data 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. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the business posted $1.70 earnings per share. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. Analysts predict that Omnicom Group Inc. will post 10.97 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is currently 820.51%.

Analysts Set New Price Targets

OMC has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. UBS Group lifted their target price on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th. Argus raised Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Morgan Stanley upped their price target on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Rothschild & Co Redburn initiated coverage on Omnicom Group in a research note on Thursday, May 28th. They set a “neutral” rating and a $89.00 price target on the stock. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group presently has an average rating of “Hold” and an average target price of $99.00.

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.