Global Retirement Partners LLC Makes New $1.97 Million Investment in Omnicom Group Inc. $OMC

Global Retirement Partners LLC purchased a new stake in Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,059 shares of the business services provider’s stock, valued at approximately $1,971,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in Omnicom Group by 82.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the business services provider’s stock worth $138,000 after acquiring an additional 869 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Omnicom Group during the 2nd quarter worth $241,000. Gabelli Funds LLC purchased a new stake in Omnicom Group during the second quarter valued at about $1,061,000. Daiwa Securities Group Inc. increased its position in shares of Omnicom Group by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 29,373 shares of the business services provider’s stock valued at $2,113,000 after purchasing an additional 1,482 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Omnicom Group by 14.1% during the second quarter. Sei Investments Co. now owns 361,266 shares of the business services provider’s stock worth $25,990,000 after acquiring an additional 44,746 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.1%

NYSE:OMC opened at $87.45 on Monday. The stock has a market cap of $23.99 billion, a price-to-earnings ratio of 75.39, a PEG ratio of 0.58 and a beta of 0.64. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The company’s 50 day moving average price is $79.20 and its 200-day moving average price is $77.22. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $88.55.

Omnicom Group (NYSE:OMC) last announced 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 firm had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.Omnicom Group’s revenue was up 63.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 earnings per share. On average, equities research analysts forecast that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 annualized dividend and a dividend yield of 3.7%. Omnicom Group’s payout ratio is currently 275.86%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on OMC shares. The Goldman Sachs Group started coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price target on the stock. Wells Fargo & Company increased their price objective on Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Citigroup decreased their price target on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Zacks Research lowered shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, Morgan Stanley upped 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 analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $99.00.

Omnicom Group Company Profile

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.