Resources Investment Advisors LLC. Acquires 411 Shares of Omnicom Group Inc. (NYSE:OMC)

Posted by on Apr 23rd, 2023

Resources Investment Advisors LLC. grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC – Get Rating) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,763 shares of the business services provider’s stock after buying an additional 411 shares during the quarter. Resources Investment Advisors LLC.’s holdings in Omnicom Group were worth $389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of Omnicom Group by 0.9% during the 3rd quarter. BlackRock Inc. now owns 18,063,248 shares of the business services provider’s stock worth $1,139,610,000 after purchasing an additional 167,059 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Omnicom Group by 5.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,434,922 shares of the business services provider’s stock worth $631,076,000 after purchasing an additional 362,985 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Omnicom Group by 15.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,905,773 shares of the business services provider’s stock worth $309,505,000 after purchasing an additional 662,851 shares during the last quarter. Invesco Ltd. increased its stake in shares of Omnicom Group by 0.7% during the 1st quarter. Invesco Ltd. now owns 3,067,410 shares of the business services provider’s stock worth $260,361,000 after purchasing an additional 20,584 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Omnicom Group by 683.2% during the 1st quarter. First Trust Advisors LP now owns 2,957,307 shares of the business services provider’s stock worth $251,016,000 after purchasing an additional 2,579,717 shares during the last quarter. 90.20% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

NYSE OMC opened at $93.85 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $18.72 billion, a P/E ratio of 14.11, a P/E/G ratio of 3.00 and a beta of 0.83. Omnicom Group Inc. has a 12-month low of $61.31 and a 12-month high of $96.78. The firm has a 50-day moving average price of $91.41 and a two-hundred day moving average price of $82.87.

Omnicom Group (NYSE:OMC – Get Rating) last posted its quarterly earnings data on Tuesday, April 18th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. Omnicom Group had a net margin of 9.57% and a return on equity of 41.72%. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts anticipate that Omnicom Group Inc. will post 7.33 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 6th. Stockholders of record on Friday, March 10th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Thursday, March 9th. Omnicom Group’s dividend payout ratio (DPR) is presently 42.11%.

Analyst Upgrades and Downgrades

OMC has been the topic of several recent analyst reports. BNP Paribas upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $96.00 price objective on the stock in a research note on Wednesday, March 29th. Wells Fargo & Company upped their price target on shares of Omnicom Group from $84.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Macquarie upped their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday. StockNews.com began coverage on shares of Omnicom Group in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Morgan Stanley upped their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group currently has an average rating of “Hold” and a consensus price target of $99.86.

Omnicom Group Company Profile

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Omnicom Group, Inc is a holding company, which engages in the provision of advertising, marketing and corporate communications services. Its agency networks operate in the advertising, marketing, and corporate communications services industry, which are organized into regions, which are the Americas, EMEA and Asia-Pacific.

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

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