Trivium Point Advisory LLC Invests $453,000 in Omnicom Group Inc. $OMC

Trivium Point Advisory LLC acquired a new stake in Omnicom Group Inc. (NYSE:OMC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,224 shares of the business services provider’s stock, valued at approximately $453,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wakefield Asset Management LLLP grew its position in Omnicom Group by 2.6% in the 4th quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock valued at $477,000 after acquiring an additional 149 shares in the last quarter. Caldwell Trust Co increased its stake in Omnicom Group by 29.0% during the first quarter. Caldwell Trust Co now owns 662 shares of the business services provider’s stock worth $50,000 after purchasing an additional 149 shares during the period. SJS Investment Consulting Inc. lifted its position in shares of Omnicom Group by 39.1% during the first quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider’s stock worth $41,000 after purchasing an additional 153 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC lifted its position in shares of Omnicom Group by 3.5% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider’s stock worth $395,000 after purchasing an additional 167 shares in the last quarter. Finally, Binnacle Investments Inc lifted its position in shares of Omnicom Group by 17.7% during the second quarter. Binnacle Investments Inc now owns 1,124 shares of the business services provider’s stock worth $81,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Down 0.1%

Shares of NYSE OMC opened at $87.45 on Monday. The company has a market capitalization of $23.99 billion, a price-to-earnings ratio of 75.39, a price-to-earnings-growth ratio of 0.58 and a beta of 0.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. The business has a 50-day moving average of $79.20 and a two-hundred day moving average of $77.22. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $88.55.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The business had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The company’s revenue was up 63.4% compared to the same quarter last year. On average, analysts forecast that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s dividend payout ratio is 275.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OMC shares. Citigroup dropped their price objective on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Zacks Research lowered shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target for the company. The Goldman Sachs Group assumed coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price target for the company. Finally, Morgan Stanley boosted their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and a consensus price target of $99.00.

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.