BI Asset Management Fondsmaeglerselskab A S Boosts Stock Position in Omnicom Group Inc. $OMC

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 92.2% in the first quarter, Holdings Channel.com reports. The fund owned 25,043 shares of the business services provider’s stock after purchasing an additional 12,012 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Omnicom Group were worth $1,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in OMC. Activest Wealth Management raised its stake in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 296 shares during the period. Bayforest Capital Ltd purchased a new stake in Omnicom Group during the 4th quarter worth about $26,000. Elyxium Wealth LLC bought a new position in Omnicom Group in the 4th quarter worth about $26,000. Legacy Wealth Managment LLC ID boosted its stake in Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares during the period. Finally, EFG International AG purchased a new position in Omnicom Group during the 4th quarter valued at about $28,000. 91.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their price target on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Citigroup cut their price objective on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Argus raised shares of Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. The Goldman Sachs Group assumed coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Omnicom Group currently has a consensus rating of “Hold” and an average price target of $99.00.

Omnicom Group Stock Performance

NYSE OMC opened at $73.18 on Wednesday. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The company has a fifty day moving average of $75.30 and a 200-day moving average of $76.78. The company has a market capitalization of $20.86 billion, a P/E ratio of 187.65, a P/E/G ratio of 0.43 and a beta of 0.63. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91.

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating 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 prior year, the firm earned $1.70 earnings per share. The firm’s revenue was up 69.2% on a year-over-year basis. As a group, equities research analysts predict that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date 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.