Connor Clark & Lunn Investment Management Ltd. Invests $11.95 Million in Omnicom Group Inc. $OMC

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Omnicom Group Inc. (NYSE:OMC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 164,112 shares of the business services provider’s stock, valued at approximately $11,952,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of Omnicom Group at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in OMC. Activest Wealth Management boosted its holdings in shares of Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 296 shares during the period. Keating Financial Advisory Services Inc. acquired a new stake in shares of Omnicom Group in the 2nd quarter worth approximately $25,000. Elyxium Wealth LLC bought a new position in shares of Omnicom Group in the fourth quarter valued at approximately $26,000. Legacy Wealth Managment LLC ID increased its stake in shares of Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares during the period. Finally, EFG International AG acquired a new position in shares of Omnicom Group during the fourth quarter valued at approximately $28,000. 91.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OMC shares. Weiss Ratings raised Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Citigroup cut their price target 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. Wells Fargo & Company raised their price objective on shares of Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Rothschild & Co Redburn began coverage on Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price on the stock. Finally, Zacks Research downgraded shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $99.00.

Omnicom Group Stock Down 0.8%

OMC opened at $88.23 on Wednesday. The business has a 50 day moving average price of $80.81 and a 200 day moving average price of $77.86. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $89.57. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. The firm has a market cap of $24.21 billion, a P/E ratio of 76.06, a price-to-earnings-growth ratio of 0.59 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter last year, the business earned $2.05 EPS. The company’s revenue for the quarter was up 63.4% on a year-over-year basis. Research analysts forecast that Omnicom Group Inc. will post 10.35 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be paid a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a yield of 3.6%. Omnicom Group’s dividend payout ratio (DPR) is presently 275.86%.

About Omnicom Group

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.