Apollon Wealth Management LLC Raises Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Apollon Wealth Management LLC increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 16.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,824 shares of the business services provider’s stock after purchasing an additional 3,183 shares during the quarter. Apollon Wealth Management LLC’s holdings in Omnicom Group were worth $2,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Beutel Goodman & Co Ltd. grew its position in shares of Omnicom Group by 1.0% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 4,197,767 shares of the business services provider’s stock valued at $363,148,000 after purchasing an additional 42,075 shares during the period. Boston Partners grew its holdings in Omnicom Group by 11.0% in the 1st quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock valued at $374,795,000 after buying an additional 383,560 shares during the period. Lazard Asset Management LLC increased its stake in shares of Omnicom Group by 6.3% during the 1st quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider’s stock valued at $269,734,000 after acquiring an additional 165,136 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Omnicom Group by 7.7% during the 4th quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider’s stock worth $224,832,000 after acquiring an additional 186,562 shares during the period. Finally, Baird Financial Group Inc. boosted its position in shares of Omnicom Group by 1.9% in the fourth quarter. Baird Financial Group Inc. now owns 2,370,253 shares of the business services provider’s stock worth $205,051,000 after acquiring an additional 43,861 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OMC. Barclays raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $110.00 in a research note on Tuesday, May 7th. Macquarie reiterated an “outperform” rating and issued a $110.00 target price on shares of Omnicom Group in a report on Wednesday, July 17th. Finally, UBS Group boosted their price target 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 analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and a consensus target price of $104.70.

Insider Activity

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the 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 transaction, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

Omnicom Group Stock Up 0.4 %

OMC traded up $0.34 on Monday, reaching $96.93. The company’s stock had a trading volume of 638,444 shares, compared to its average volume of 1,611,614. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $98.71. The business’s 50 day moving average is $91.76 and its 200 day moving average is $92.07. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. The stock has a market cap of $18.98 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 2.24 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last released its 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. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 EPS. As a group, research analysts forecast that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, September 20th. Omnicom Group’s payout ratio is currently 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.