Deprince Race & Zollo Inc. Has $31.87 Million Position in Omnicom Group Inc. $OMC

Deprince Race & Zollo Inc. increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 7.2% in the third quarter, Holdings Channel reports. The institutional investor owned 390,944 shares of the business services provider’s stock after buying an additional 26,151 shares during the period. Deprince Race & Zollo Inc.’s holdings in Omnicom Group were worth $31,874,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Ieq Capital LLC raised its holdings in shares of Omnicom Group by 192.2% in the first quarter. Ieq Capital LLC now owns 18,239 shares of the business services provider’s stock valued at $1,512,000 after purchasing an additional 11,997 shares during the last quarter. GKV Capital Management Co. Inc. bought a new position in Omnicom Group in the first quarter valued at $102,000. The Manufacturers Life Insurance Company increased its stake in Omnicom Group by 21.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 907,787 shares of the business services provider’s stock valued at $75,265,000 after buying an additional 158,281 shares during the last quarter. Vident Advisory LLC increased its stake in Omnicom Group by 107.8% in the 1st quarter. Vident Advisory LLC now owns 42,040 shares of the business services provider’s stock valued at $3,486,000 after buying an additional 21,809 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in Omnicom Group by 44.5% during the 1st quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider’s stock worth $323,040,000 after buying an additional 1,199,725 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

NYSE:OMC opened at $80.04 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. The stock’s 50 day moving average price is $75.72 and its two-hundred day moving average price is $75.37. The firm has a market capitalization of $15.45 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 1.27 and a beta of 0.75. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $89.35.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, topping the consensus estimate of $2.17 by $0.07. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 EPS. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, December 19th. Omnicom Group’s dividend payout ratio (DPR) is presently 47.27%.

Analyst Ratings Changes

OMC has been the subject of several analyst reports. Morgan Stanley initiated coverage on Omnicom Group in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price objective for the company. UBS Group raised their price target on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Finally, Barclays raised their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Omnicom Group has a consensus rating of “Hold” and an average price target of $92.57.

Omnicom Group Profile

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.