Exchange Traded Concepts LLC Raises Holdings in Omnicom Group Inc. $OMC

Exchange Traded Concepts LLC boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 27.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,145 shares of the business services provider’s stock after acquiring an additional 16,828 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Omnicom Group were worth $6,229,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of OMC. First Eagle Investment Management LLC acquired a new position in shares of Omnicom Group in the third quarter valued at approximately $515,145,000. Bank of New York Mellon Corp grew its stake in Omnicom Group by 73.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock worth $542,376,000 after purchasing an additional 2,820,553 shares in the last quarter. State Street Corp increased its holdings in Omnicom Group by 15.8% during the 3rd quarter. State Street Corp now owns 16,863,327 shares of the business services provider’s stock worth $1,384,980,000 after purchasing an additional 2,298,652 shares during the period. JPMorgan Chase & Co. increased its holdings in Omnicom Group by 30.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock worth $660,969,000 after purchasing an additional 1,893,316 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in Omnicom Group in the 2nd quarter valued at about $67,048,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on OMC. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Citigroup lifted their price objective on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. UBS Group boosted their target price on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Barclays increased their target price on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Finally, Morgan Stanley initiated coverage on Omnicom Group in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $95.86.

Omnicom Group Stock Up 0.0%

OMC stock opened at $73.85 on Monday. The company has a market cap of $21.05 billion, a price-to-earnings ratio of 150.70, a price-to-earnings-growth ratio of 0.60 and a beta of 0.71. The company has a fifty day moving average price of $77.16 and a 200 day moving average price of $76.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Wednesday, February 18th. The business services provider reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The business had revenue of $5.53 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter in the prior year, the firm posted $2.41 earnings per share. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 18th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 38.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 11th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is currently 653.06%.

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.