Gateway Investment Advisers LLC Purchases Shares of 127,081 Omnicom Group Inc. $OMC

Gateway Investment Advisers LLC acquired a new stake in Omnicom Group Inc. (NYSE:OMC) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 127,081 shares of the business services provider’s stock, valued at approximately $10,361,000.

Several other large investors also recently bought and sold shares of the stock. Global Retirement Partners LLC boosted its stake in shares of Omnicom Group by 2.7% in the 3rd quarter. Global Retirement Partners LLC now owns 17,223 shares of the business services provider’s stock valued at $1,404,000 after buying an additional 452 shares during the period. Fulton Bank N.A. lifted its position in shares of Omnicom Group by 6.2% during the 3rd quarter. Fulton Bank N.A. now owns 3,170 shares of the business services provider’s stock worth $258,000 after purchasing an additional 184 shares during the last quarter. Tectonic Advisors LLC increased its holdings in Omnicom Group by 7.2% in the third quarter. Tectonic Advisors LLC now owns 6,697 shares of the business services provider’s stock valued at $546,000 after buying an additional 452 shares during the last quarter. Financial Consulate Inc. acquired a new position in shares of Omnicom Group during the 3rd quarter worth about $163,000. Finally, Mather Group LLC. purchased a new position in shares of Omnicom Group in the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC opened at $81.23 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. The stock’s 50 day moving average is $75.85 and its two-hundred day moving average is $75.73. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $89.35. The firm has a market capitalization of $15.67 billion, a PE ratio of 12.00, a P/E/G ratio of 1.19 and a beta of 0.74.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share 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 period in the previous year, the business earned $2.03 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current 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 dividend of $0.80 per share. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, December 19th. Omnicom Group’s payout ratio is presently 47.27%.

Analyst Ratings Changes

OMC has been the subject of several research analyst reports. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. UBS Group raised their price objective on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Morgan Stanley started coverage on Omnicom Group in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price objective for the company. Finally, Barclays upped their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Hold” and an average target price of $92.57.

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.