Hilltop National Bank Acquires Shares of 4,226 Omnicom Group Inc. $OMC

Hilltop National Bank acquired a new stake in Omnicom Group Inc. (NYSE:OMC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,226 shares of the business services provider’s stock, valued at approximately $304,000.

Other hedge funds also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in Omnicom Group in the 1st quarter valued at about $34,000. Gen Wealth Partners Inc acquired a new stake in Omnicom Group in the 1st quarter valued at about $36,000. Versant Capital Management Inc raised its holdings in Omnicom Group by 45.7% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 143 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Omnicom Group by 230.2% in the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 343 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in Omnicom Group in the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE:OMC opened at $77.59 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. The stock has a market capitalization of $15.03 billion, a P/E ratio of 11.13, a PEG ratio of 1.50 and a beta of 0.96. The company has a 50 day moving average price of $76.33 and a 200 day moving average price of $75.10. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.03. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $1.95 EPS. Equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. Omnicom Group’s dividend payout ratio (DPR) is presently 40.17%.

Analyst Ratings Changes

Several research firms have recently weighed in on OMC. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Bank of America raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Monday, June 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research note on Saturday, September 27th. Barclays cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and an average price target of $96.29.

Omnicom Group 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.