BDF Gestion Invests $2.20 Million in Omnicom Group Inc. $OMC

BDF Gestion acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 27,000 shares of the business services provider’s stock, valued at approximately $2,201,000.

A number of other institutional investors also recently added to or reduced their stakes in OMC. Asset Management One Co. Ltd. boosted its stake in Omnicom Group by 3.5% in the second quarter. Asset Management One Co. Ltd. now owns 84,329 shares of the business services provider’s stock valued at $6,067,000 after acquiring an additional 2,855 shares in the last quarter. Defender Capital LLC. purchased a new stake in shares of Omnicom Group during the 2nd quarter valued at $360,000. Vanguard Group Inc. raised its stake in Omnicom Group by 1.5% in the second quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock valued at $1,712,993,000 after buying an additional 344,652 shares during the last quarter. J2 Capital Management Inc acquired a new stake in Omnicom Group in the second quarter worth about $383,000. Finally, Invesco Ltd. grew its stake in shares of Omnicom Group by 6.7% during the second quarter. Invesco Ltd. now owns 2,629,233 shares of the business services provider’s stock worth $189,147,000 after acquiring an additional 165,946 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OMC. Barclays upped their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. UBS Group raised their price objective on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Morgan Stanley assumed coverage on Omnicom Group in a research report on Tuesday. They issued an “equal weight” rating and a $88.00 target price on the stock. Finally, Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and an average target price of $92.57.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $80.26 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.30 and a beta of 0.75. The firm’s 50 day simple moving average is $75.53 and its 200-day simple moving average is $75.06. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $89.81.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the firm posted $2.03 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, December 19th. Omnicom Group’s dividend payout ratio (DPR) is presently 41.36%.

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.