KBC Group NV Has $3.77 Million Stock Position in Omnicom Group Inc. $OMC

KBC Group NV lowered its stake in Omnicom Group Inc. (NYSE:OMC) by 66.6% during the first quarter, Holdings Channel reports. The firm owned 50,063 shares of the business services provider’s stock after selling 99,640 shares during the period. KBC Group NV’s holdings in Omnicom Group were worth $3,770,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of Omnicom Group by 155.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 91,116 shares of the business services provider’s stock worth $7,265,000 after buying an additional 55,421 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Omnicom Group by 34.0% during the 4th quarter. Deprince Race & Zollo Inc. now owns 524,037 shares of the business services provider’s stock valued at $42,316,000 after buying an additional 133,093 shares in the last quarter. LBP AM SA lifted its holdings in shares of Omnicom Group by 24.2% during the 4th quarter. LBP AM SA now owns 149,672 shares of the business services provider’s stock worth $12,086,000 after acquiring an additional 29,195 shares during the last quarter. Disciplined Equity Management Inc. bought a new stake in shares of Omnicom Group during the 4th quarter worth $1,343,000. Finally, Czech National Bank grew its position in Omnicom Group by 71.0% in the fourth quarter. Czech National Bank now owns 84,111 shares of the business services provider’s stock worth $6,792,000 after acquiring an additional 34,909 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

OMC stock opened at $78.01 on Friday. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company has a market cap of $22.23 billion, a P/E ratio of 200.02, a PEG ratio of 0.48 and a beta of 0.63. The firm has a 50-day moving average of $76.22 and a 200 day moving average of $76.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.06. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 earnings per share. On average, sell-side analysts forecast that Omnicom Group Inc. will post 10.97 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s payout ratio is currently 820.51%.

Analyst Ratings Changes

Several equities research analysts have issued reports on OMC shares. The Goldman Sachs Group began coverage on Omnicom Group in a research note on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price target for the company. Morgan Stanley upped their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Citigroup reduced their target price on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. Finally, Rothschild & Co Redburn started coverage on Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and an average price target of $99.38.

Omnicom Group 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.