Pallas Capital Advisors LLC Makes New $531,000 Investment in Omnicom Group Inc. $OMC

Pallas Capital Advisors LLC purchased a new stake in Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,288 shares of the business services provider’s stock, valued at approximately $531,000.

A number of other large investors have also modified their holdings of OMC. Wakefield Asset Management LLLP boosted its holdings in Omnicom Group by 2.6% in the fourth quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 149 shares during the period. Caldwell Trust Co increased its holdings in Omnicom Group by 29.0% during the 1st quarter. Caldwell Trust Co now owns 662 shares of the business services provider’s stock worth $50,000 after purchasing an additional 149 shares during the period. SJS Investment Consulting Inc. raised its position in Omnicom Group by 39.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 153 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC boosted its stake in shares of Omnicom Group by 3.5% in the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider’s stock valued at $395,000 after buying an additional 167 shares during the period. Finally, Binnacle Investments Inc boosted its stake in shares of Omnicom Group by 17.7% in the 2nd quarter. Binnacle Investments Inc now owns 1,124 shares of the business services provider’s stock valued at $81,000 after buying an additional 169 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 1.2%

OMC opened at $87.38 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $88.55. The company has a market cap of $23.97 billion, a P/E ratio of 75.33, a PEG ratio of 0.57 and a beta of 0.64. The business’s 50-day simple moving average is $79.89 and its 200-day simple moving average is $77.43.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.02). The business had revenue of $6.56 billion for 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 for the quarter was up 63.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 EPS. As a group, equities research analysts expect that Omnicom Group Inc. will post 10.35 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed 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. This represents a $3.20 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, September 18th. Omnicom Group’s payout ratio is currently 275.86%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OMC. Rothschild & Co Redburn started coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Morgan Stanley boosted their price target 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. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective on the stock. Finally, Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Four investment 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. According to data from MarketBeat.com, Omnicom Group 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.