Hsbc Holdings PLC Has $89.54 Million Stock Holdings in Omnicom Group Inc. $OMC

Hsbc Holdings PLC raised its stake in Omnicom Group Inc. (NYSE:OMC) by 69.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,106,437 shares of the business services provider’s stock after acquiring an additional 455,192 shares during the quarter. Hsbc Holdings PLC’s holdings in Omnicom Group were worth $89,543,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Leonard Rickey Investment Advisors P.L.L.C. boosted its position in shares of Omnicom Group by 4.1% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock worth $305,000 after purchasing an additional 147 shares in the last quarter. Wakefield Asset Management LLLP increased its position in Omnicom Group by 2.6% in the 4th quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock valued at $477,000 after buying an additional 149 shares in the last quarter. Hartford Financial Management Inc. increased its position in Omnicom Group by 27.0% in the 4th quarter. Hartford Financial Management Inc. now owns 762 shares of the business services provider’s stock valued at $62,000 after buying an additional 162 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC raised its stake in Omnicom Group by 3.5% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider’s stock worth $395,000 after buying an additional 167 shares during the period. Finally, Binnacle Investments Inc raised its stake in Omnicom Group by 17.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,124 shares of the business services provider’s stock worth $81,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

OMC has been the subject of a number of research reports. Morgan Stanley raised their price objective on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Argus raised Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Citigroup cut their target price on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. The Goldman Sachs Group began coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price target for the company. Finally, UBS Group boosted 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, March 20th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and an average target price of $99.00.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $71.36 on Monday. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 182.99, a PEG ratio of 0.43 and a beta of 0.64. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. The firm’s 50-day simple moving average is $75.38 and its 200 day simple moving average is $76.76.

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

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors 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 4.5%. Omnicom Group’s payout ratio is presently 820.51%.

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.