Omnicom Group Inc. $OMC Position Boosted by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 12.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 368,877 shares of the business services provider’s stock after acquiring an additional 39,956 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Omnicom Group were worth $26,537,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OMC. JPMorgan Chase & Co. raised its holdings in Omnicom Group by 117.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock worth $447,017,000 after buying an additional 3,362,411 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Omnicom Group by 38.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock valued at $324,782,000 after acquiring an additional 1,255,197 shares during the period. Baird Financial Group Inc. lifted its position in shares of Omnicom Group by 44.5% in the 1st quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider’s stock valued at $323,040,000 after acquiring an additional 1,199,725 shares in the last quarter. AQR Capital Management LLC boosted its stake in Omnicom Group by 1,836.5% in the 1st quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider’s stock worth $89,114,000 after purchasing an additional 1,030,633 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Omnicom Group by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after purchasing an additional 887,415 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.3%

NYSE OMC opened at $71.73 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $105.99. The firm’s fifty day simple moving average is $75.87 and its 200-day simple moving average is $74.86. The company has a market capitalization of $13.84 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the company posted $2.03 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be issued a $0.80 dividend. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, December 19th. Omnicom Group’s dividend payout ratio is currently 41.36%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays increased their target price on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.57.

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.