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

Hsbc Holdings PLC increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 69.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,106,437 shares of the business services provider’s stock after acquiring an additional 455,192 shares during the period. Hsbc Holdings PLC owned about 0.36% of Omnicom Group worth $89,543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OMC. EverSource Wealth Advisors LLC grew its holdings in shares of Omnicom Group by 82.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the business services provider’s stock worth $138,000 after purchasing an additional 869 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in Omnicom Group in the 2nd quarter valued at approximately $241,000. Gabelli Funds LLC acquired a new stake in Omnicom Group during the 2nd quarter worth approximately $1,061,000. Daiwa Securities Group Inc. boosted its position in Omnicom Group by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 29,373 shares of the business services provider’s stock worth $2,113,000 after buying an additional 1,482 shares during the period. Finally, Sei Investments Co. boosted its position in Omnicom Group by 14.1% during the 2nd quarter. Sei Investments Co. now owns 361,266 shares of the business services provider’s stock worth $25,990,000 after buying an additional 44,746 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. 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. Morgan Stanley lifted their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Argus raised shares of Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Finally, UBS Group raised their target price on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Omnicom Group presently has an average rating of “Hold” and an average target price of $99.00.

Omnicom Group Stock Up 0.0%

Shares of Omnicom Group stock opened at $71.36 on Monday. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $87.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The stock’s 50-day moving average is $75.38 and its 200 day moving average is $76.76. The firm 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.

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

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders 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 dividend payout ratio (DPR) is 820.51%.

About Omnicom Group

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.