FSB Premier Wealth Management Inc. Has $1.91 Million Stock Holdings in Omnicom Group Inc. $OMC

FSB Premier Wealth Management Inc. increased its position in Omnicom Group Inc. (NYSE:OMC) by 62.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,609 shares of the business services provider’s stock after buying an additional 9,094 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Omnicom Group were worth $1,906,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in OMC. Vanguard Group Inc. grew its stake in shares of Omnicom Group by 64.2% in the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after buying an additional 15,220,444 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of Omnicom Group in the 3rd quarter valued at about $515,145,000. Bank of New York Mellon Corp lifted its position in Omnicom Group by 73.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock valued at $542,376,000 after acquiring an additional 2,820,553 shares in the last quarter. State Street Corp lifted its position in Omnicom Group by 15.8% in the 3rd quarter. State Street Corp now owns 16,863,327 shares of the business services provider’s stock valued at $1,384,980,000 after acquiring an additional 2,298,652 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Omnicom Group by 30.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock valued at $660,969,000 after acquiring an additional 1,893,316 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Omnicom Group stock opened at $76.84 on Friday. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $87.17. The company’s 50 day moving average price is $78.07 and its two-hundred day moving average price is $76.78. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market cap of $21.90 billion, a P/E ratio of 197.03, a P/E/G ratio of 0.59 and a beta of 0.66.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the firm earned $1.70 EPS. The company’s quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities analysts predict that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

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

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. Omnicom Group’s dividend payout ratio (DPR) is currently 820.51%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OMC. UBS Group raised their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Morgan Stanley raised their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Citigroup dropped their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. Finally, Barclays raised their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $93.71.

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.