First Eagle Investment Management LLC Boosts Holdings in Omnicom Group Inc. $OMC

First Eagle Investment Management LLC increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 0.5% during the 4th quarter, Holdings Channel reports. The fund owned 6,352,034 shares of the business services provider’s stock after purchasing an additional 33,557 shares during the quarter. First Eagle Investment Management LLC’s holdings in Omnicom Group were worth $512,927,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its holdings in Omnicom Group by 15.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 108,310 shares of the business services provider’s stock worth $8,831,000 after acquiring an additional 14,368 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Omnicom Group by 18.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,877,462 shares of the business services provider’s stock worth $153,068,000 after acquiring an additional 295,379 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Omnicom Group during the 3rd quarter worth about $870,000. AustralianSuper Pty Ltd boosted its stake in shares of Omnicom Group by 24.2% during the 3rd quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider’s stock worth $10,579,000 after acquiring an additional 25,317 shares in the last quarter. Finally, National Pension Service boosted its stake in shares of Omnicom Group by 35.3% during the 3rd quarter. National Pension Service now owns 111,161 shares of the business services provider’s stock worth $9,063,000 after acquiring an additional 29,014 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on OMC. UBS Group increased their target price on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Barclays increased their target price on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Citigroup decreased their target price on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Argus upgraded Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Omnicom Group currently has an average rating of “Hold” and an average price target of $93.71.

Omnicom Group Trading Down 2.4%

Shares of Omnicom Group stock opened at $75.18 on Tuesday. The firm has a market capitalization of $21.43 billion, a PE ratio of 192.78, a P/E/G ratio of 0.46 and a beta of 0.66. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $87.17. The firm’s 50-day moving average price is $77.77 and its 200 day moving average price is $76.75. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. Omnicom Group’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the company posted $1.70 EPS. On average, sell-side analysts predict that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is currently 820.51%.

Omnicom Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 18th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 38.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.