J. Safra Sarasin Holding AG Buys New Position in Omnicom Group Inc. $OMC

J. Safra Sarasin Holding AG purchased a new position in Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, HoldingsChannel reports. The firm purchased 11,409 shares of the business services provider’s stock, valued at approximately $921,000.

A number of other large investors also recently modified their holdings of OMC. Capital A Wealth Management LLC boosted its position in shares of Omnicom Group by 548.3% in the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 318 shares during the period. Cornerstone Planning Group LLC grew its stake in shares of Omnicom Group by 2,126.7% in the third quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 319 shares during the last quarter. Meeder Asset Management Inc. increased its position in Omnicom Group by 289.4% during the third quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock worth $30,000 after acquiring an additional 272 shares during the period. Westside Investment Management Inc. raised its stake in Omnicom Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 202 shares during the last quarter. Finally, Rialto Wealth Management LLC raised its stake in Omnicom Group by 1,909.5% during the 4th quarter. Rialto Wealth Management LLC now owns 422 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 401 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.0%

OMC opened at $75.31 on Thursday. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.81. The firm’s fifty day moving average price is $76.95 and its two-hundred day moving average price is $76.92. The company has a market capitalization of $21.46 billion, a P/E ratio of 153.69, a P/E/G ratio of 0.62 and a beta of 0.73.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Wednesday, February 18th. The business services provider reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). The business had revenue of $5.53 billion during the quarter, compared to analyst estimates of $7.58 billion. Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.41 EPS. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 11th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. Omnicom Group’s payout ratio is presently 653.06%.

Omnicom Group declared that its Board of Directors has approved a share repurchase program on Wednesday, February 18th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the business services provider to buy up to 38.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup raised their price target on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Argus raised shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Morgan Stanley started coverage on Omnicom Group in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price on the stock. Finally, Bank of America restated an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.86.

Omnicom Group Company 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.