Epoch Investment Partners Inc. Increases Stock Position in Omnicom Group Inc. $OMC

Epoch Investment Partners Inc. increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 7.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 856,719 shares of the business services provider’s stock after purchasing an additional 57,474 shares during the period. Epoch Investment Partners Inc.’s holdings in Omnicom Group were worth $64,520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. TCM Advisors LLC lifted its position in shares of Omnicom Group by 3.5% during the first quarter. TCM Advisors LLC now owns 11,718 shares of the business services provider’s stock worth $882,000 after acquiring an additional 400 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Omnicom Group by 200.1% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 37,845 shares of the business services provider’s stock valued at $2,850,000 after purchasing an additional 25,236 shares in the last quarter. Dai ichi Life Insurance Company Ltd raised its stake in shares of Omnicom Group by 17.4% during the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 5,826 shares of the business services provider’s stock valued at $439,000 after purchasing an additional 862 shares during the period. Hilltop Holdings Inc. lifted its holdings in Omnicom Group by 3.0% during the 1st quarter. Hilltop Holdings Inc. now owns 15,749 shares of the business services provider’s stock worth $1,186,000 after purchasing an additional 457 shares in the last quarter. Finally, Inceptionr LLC purchased a new stake in Omnicom Group during the 1st quarter worth about $408,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Trading Up 2.3%

Shares of Omnicom Group stock opened at $79.70 on Friday. 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 Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The firm has a market cap of $22.72 billion, a PE ratio of 204.37, a PEG ratio of 0.47 and a beta of 0.63. The company has a 50 day simple moving average of $76.40 and a two-hundred day simple moving average of $76.77.

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

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 annualized dividend and a yield of 4.0%. Omnicom Group’s payout ratio is 820.51%.

Analysts Set New Price Targets

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

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.