Omnicom Group Inc. $OMC Stock Position Raised by Park Avenue Securities LLC

Park Avenue Securities LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 127.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,479 shares of the business services provider’s stock after buying an additional 14,826 shares during the period. Park Avenue Securities LLC’s holdings in Omnicom Group were worth $2,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Intech Investment Management LLC bought a new stake in shares of Omnicom Group in the 2nd quarter worth approximately $256,000. Swiss National Bank grew its stake in Omnicom Group by 6.7% during the 2nd quarter. Swiss National Bank now owns 591,200 shares of the business services provider’s stock worth $42,531,000 after buying an additional 37,200 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Omnicom Group by 117.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock worth $447,017,000 after buying an additional 3,362,411 shares during the last quarter. Legal & General Group Plc increased its position in Omnicom Group by 8.8% in the second quarter. Legal & General Group Plc now owns 1,383,632 shares of the business services provider’s stock worth $99,538,000 after buying an additional 111,788 shares during the period. Finally, Mufg Securities Americas Inc. increased its position in Omnicom Group by 24.3% in the second quarter. Mufg Securities Americas Inc. now owns 4,324 shares of the business services provider’s stock worth $311,000 after buying an additional 846 shares during the period. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OMC. 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. Morgan Stanley initiated coverage on shares of Omnicom Group in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price objective on the stock. Barclays lifted their price objective 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. Citigroup upped their target price 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. Finally, 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 note on Friday. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $95.86.

Omnicom Group Trading Up 0.8%

Shares of OMC stock opened at $75.66 on Tuesday. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The firm has a market capitalization of $23.48 billion, a PE ratio of 154.40, a price-to-earnings-growth ratio of 0.62 and a beta of 0.71. The stock has a fifty day moving average of $77.52 and a two-hundred day moving average of $77.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.93.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The business had revenue of $5.53 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period last year, the business posted $2.41 earnings per share. Omnicom Group’s revenue for the quarter was up 27.9% on a year-over-year basis. As a group, research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

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

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

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.