EP Wealth Advisors LLC Has $462,000 Stock Position in Omnicom Group Inc. (NYSE:OMC)

EP Wealth Advisors LLC boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 4.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,151 shares of the business services provider’s stock after acquiring an additional 216 shares during the quarter. EP Wealth Advisors LLC’s holdings in Omnicom Group were worth $462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OMC. Jacobs Levy Equity Management Inc. lifted its position in shares of Omnicom Group by 319.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,450,160 shares of the business services provider’s stock worth $140,317,000 after purchasing an additional 1,104,566 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Omnicom Group in the 4th quarter worth approximately $93,634,000. Bank of New York Mellon Corp boosted its stake in shares of Omnicom Group by 37.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock valued at $296,717,000 after buying an additional 892,494 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Omnicom Group during the 2nd quarter valued at $56,177,000. Finally, Point72 Asset Management L.P. increased its stake in shares of Omnicom Group by 88.9% in the fourth quarter. Point72 Asset Management L.P. now owns 1,161,477 shares of the business services provider’s stock worth $100,479,000 after acquiring an additional 546,577 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

NYSE OMC opened at $101.02 on Friday. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $104.80. The company has a fifty day simple moving average of $98.28 and a 200 day simple moving average of $94.62. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. The company has a market cap of $19.78 billion, a P/E ratio of 13.65, a P/E/G ratio of 2.38 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.81 earnings per share. On average, sell-side analysts predict that Omnicom Group Inc. will post 7.88 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $106.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday. Bank of America lifted their price target on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. UBS Group boosted their price target on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Macquarie reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Omnicom Group in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.30.

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the sale, the director now owns 10,356 shares in the company, valued at $941,153.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the transaction, the vice president now owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $90.88, for a total value of $44,349.44. Following the completion of the sale, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Omnicom Group Company Profile

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.