EP Wealth Advisors LLC Makes New $857,000 Investment in Omnicom Group Inc. $OMC

EP Wealth Advisors LLC acquired a new stake in Omnicom Group Inc. (NYSE:OMC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 11,764 shares of the business services provider’s stock, valued at approximately $857,000.

Other large investors have also made changes to their positions in the company. Activest Wealth Management grew its stake in Omnicom Group by 2,960.0% in the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 296 shares during the period. Keating Financial Advisory Services Inc. purchased a new position in Omnicom Group during the second quarter valued at $25,000. Elyxium Wealth LLC acquired a new stake in shares of Omnicom Group in the fourth quarter valued at about $26,000. Legacy Wealth Managment LLC ID increased its stake in shares of 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 purchasing an additional 176 shares in the last quarter. Finally, EFG International AG purchased a new stake in shares of Omnicom Group during the fourth quarter worth about $28,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

OMC stock opened at $87.87 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. The business has a 50 day simple moving average of $80.34 and a 200-day simple moving average of $77.58. The firm has a market capitalization of $24.11 billion, a PE ratio of 75.75, a price-to-earnings-growth ratio of 0.58 and a beta of 0.64. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $88.55.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The business’s quarterly revenue was up 63.4% on a year-over-year basis. During the same period last year, the firm posted $2.05 EPS. Equities research analysts anticipate that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. Omnicom Group’s payout ratio is presently 275.86%.

Wall Street Analysts Forecast Growth

OMC has been the topic of a number of research reports. Wells Fargo & Company raised their price target on shares of Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Rothschild & Co Redburn started coverage on Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price on the stock. Weiss Ratings raised Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. Citigroup reduced their price objective on Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group began coverage on Omnicom Group in a report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Omnicom Group presently has an average rating of “Hold” and a consensus 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.