Fideuram Intesa Sanpaolo Private Banking S.P.A. Raises Stock Position in Omnicom Group Inc. $OMC

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 17.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 175,734 shares of the business services provider’s stock after purchasing an additional 26,427 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. owned about 0.06% of Omnicom Group worth $13,235,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management boosted its position in Omnicom Group by 2,960.0% in the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after buying an additional 296 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Omnicom Group in the fourth quarter valued at $26,000. Elyxium Wealth LLC acquired a new stake in shares of Omnicom Group in the fourth quarter valued at $26,000. Legacy Wealth Managment LLC ID boosted its holdings in Omnicom Group by 111.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the period. Finally, EFG International AG purchased a new position in Omnicom Group in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on OMC shares. Rothschild & Co Redburn initiated coverage on Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target on the stock. Citigroup cut their target price on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Argus upgraded shares of Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Finally, Morgan Stanley boosted 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. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Omnicom Group presently has a consensus rating of “Hold” and a consensus price target of $99.00.

Omnicom Group Stock Performance

NYSE OMC opened at $78.55 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company has a market capitalization of $22.39 billion, a PE ratio of 201.41, a P/E/G ratio of 0.46 and a beta of 0.63. The company has a fifty day moving average of $74.86 and a two-hundred day moving average of $76.74.

Omnicom Group (NYSE:OMC) last posted its earnings results 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. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the firm earned $1.70 earnings per share. The business’s revenue was up 69.2% compared to the same quarter last year. As a group, analysts expect that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be paid 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 yield of 4.1%. Omnicom Group’s dividend payout ratio is currently 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.