Russell Investments Group Ltd. Purchases 25,597 Shares of Omnicom Group Inc. $OMC

Russell Investments Group Ltd. boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 6.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,180 shares of the business services provider’s stock after buying an additional 25,597 shares during the period. Russell Investments Group Ltd. owned about 0.21% of Omnicom Group worth $33,046,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in OMC. Bollard Group LLC raised its position in Omnicom Group by 6.0% in the second quarter. Bollard Group LLC now owns 2,569 shares of the business services provider’s stock worth $185,000 after purchasing an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in Omnicom Group by 2.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 7,330 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 145 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of Omnicom Group by 7.9% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock valued at $166,000 after purchasing an additional 149 shares during the period. Impact Partnership Wealth LLC raised its holdings in shares of Omnicom Group by 3.1% in the 3rd quarter. Impact Partnership Wealth LLC now owns 4,923 shares of the business services provider’s stock worth $401,000 after buying an additional 150 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Omnicom Group by 4.3% in the 3rd quarter. Geneos Wealth Management Inc. now owns 3,746 shares of the business services provider’s stock worth $305,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Down 1.2%

Shares of OMC opened at $80.00 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.93. The company has a market cap of $24.83 billion, a price-to-earnings ratio of 163.26, a PEG ratio of 0.78 and a beta of 0.71. The stock has a fifty day moving average price of $77.89 and a two-hundred day moving average price of $77.13. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17.

Omnicom Group (NYSE:OMC) last announced its earnings results on Wednesday, February 18th. The business services provider reported $2.59 EPS for the quarter, missing the consensus estimate of $2.94 by ($0.35). Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.During the same period in the prior year, the firm posted $2.41 EPS. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. Analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 11th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 653.06%.

Omnicom Group announced that its board has approved a stock buyback plan on Wednesday, February 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 38.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently commented on OMC shares. UBS Group boosted their price target on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Morgan Stanley initiated coverage on Omnicom Group in a report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Barclays upped their target price on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Finally, Bank of America reissued an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Hold” and an average price target of $95.00.

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.