Epoch Investment Partners Inc. Acquires 17,651 Shares of Omnicom Group Inc. (NYSE:OMC)

Epoch Investment Partners Inc. increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 733,679 shares of the business services provider’s stock after acquiring an additional 17,651 shares during the period. Epoch Investment Partners Inc. owned approximately 0.37% of Omnicom Group worth $65,811,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. purchased a new stake in shares of Omnicom Group in the 4th quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Omnicom Group during the second quarter valued at $33,000. Innealta Capital LLC bought a new position in shares of Omnicom Group during the second quarter valued at $33,000. EverSource Wealth Advisors LLC raised its position in shares of Omnicom Group by 47.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 429 shares of the business services provider’s stock worth $37,000 after purchasing an additional 139 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Omnicom Group in the 1st quarter worth about $50,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OMC shares. Bank of America raised their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. Macquarie restated an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a report on Wednesday, July 17th. Finally, UBS Group upped their price objective on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average price target of $106.30.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $90.88, for a total value of $44,349.44. Following the completion of the sale, the director now directly owns 10,356 shares in the company, valued at approximately $941,153.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the transaction, the director now directly owns 10,356 shares in the company, valued at approximately $941,153.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC opened at $102.30 on Monday. The firm has a market capitalization of $20.03 billion, a P/E ratio of 13.82, a PEG ratio of 2.27 and a beta of 0.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $104.80. The business has a fifty day moving average of $96.52 and a 200 day moving average of $94.09.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the firm earned $1.81 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 7.95 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a $0.70 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a yield of 2.74%. Omnicom Group’s payout ratio is presently 37.84%.

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.