First Republic Investment Management Inc. Raises Holdings in Omnicom Group Inc. (OMC)

First Republic Investment Management Inc. grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 214.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,412 shares of the business services provider’s stock after purchasing an additional 32,328 shares during the period. First Republic Investment Management Inc.’s holdings in Omnicom Group were worth $3,512,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Janus Henderson Group PLC grew its position in shares of Omnicom Group by 15,279.3% during the second quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock worth $414,191,000 after acquiring an additional 4,963,787 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Omnicom Group by 501.5% during the second quarter. Nordea Investment Management AB now owns 2,201,826 shares of the business services provider’s stock worth $182,531,000 after acquiring an additional 1,835,749 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of Omnicom Group by 12.4% during the third quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock worth $1,118,541,000 after acquiring an additional 1,671,452 shares during the last quarter. Longview Partners Guernsey LTD grew its position in shares of Omnicom Group by 41.3% during the third quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock worth $418,769,000 after acquiring an additional 1,653,208 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Omnicom Group by 90.0% during the second quarter. Alliancebernstein L.P. now owns 2,652,302 shares of the business services provider’s stock worth $219,876,000 after acquiring an additional 1,256,005 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

In related news, Director Linda Johnson Rice sold 489 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total value of $36,342.48. Following the completion of the transaction, the director now owns 7,777 shares in the company, valued at approximately $577,986.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Shares of Omnicom Group Inc. (OMC) traded up $0.39 on Monday, reaching $73.48. 3,271,900 shares of the company were exchanged, compared to its average volume of 1,943,353. The company has a market cap of $16,939.54, a price-to-earnings ratio of 14.78, a PEG ratio of 1.96 and a beta of 1.24. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62. Omnicom Group Inc. has a 12-month low of $65.32 and a 12-month high of $89.66.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. Omnicom Group’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 EPS. research analysts anticipate that Omnicom Group Inc. will post 5.11 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Monday, December 18th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s dividend payout ratio is currently 43.82%.

Several equities analysts have recently commented on the stock. TheStreet lowered shares of Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Argus upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Credit Suisse Group upped their price target on shares of Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Royal Bank Of Canada lowered their price target on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.00.

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Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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