Hsbc Holdings PLC Grows Position in Omnicom Group Inc. $OMC

Hsbc Holdings PLC lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 69.9% during 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 period. Hsbc Holdings PLC’s holdings in Omnicom Group were worth $89,543,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management lifted its position in Omnicom Group by 2,960.0% during the fourth 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 purchased a new position in Omnicom Group during the 4th quarter valued at about $26,000. Elyxium Wealth LLC bought a new stake in Omnicom Group during the fourth quarter worth about $26,000. Legacy Wealth Managment LLC ID boosted its stake in Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares in the last quarter. Finally, EFG International AG purchased a new stake in Omnicom Group in the fourth quarter worth about $28,000. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on OMC. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price for the company. UBS Group lifted their price objective on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Rothschild & Co Redburn assumed coverage on Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price on the stock. Argus upgraded Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $99.00.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $78.55 on Friday. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $87.17. The firm has a market cap of $22.39 billion, a P/E ratio of 201.41, a PEG ratio of 0.47 and a beta of 0.63. The company has a 50 day moving average of $74.87 and a 200 day moving average of $76.75. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. The business had revenue of $6.24 billion for 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 quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 EPS. As a group, research analysts expect that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s dividend payout ratio is presently 820.51%.

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.