Omnicom Group Inc. $OMC Shares Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 346.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,580 shares of the business services provider’s stock after buying an additional 15,966 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Omnicom Group were worth $1,662,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Activest Wealth Management lifted its holdings 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 purchasing an additional 296 shares in the last quarter. Bayforest Capital Ltd purchased a new position in Omnicom Group in the 4th quarter valued at $26,000. Cornerstone Planning Group LLC lifted its holdings in Omnicom Group by 2,126.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 319 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Omnicom Group by 289.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its holdings in Omnicom Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 202 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on OMC. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. UBS Group raised their price objective on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th. Barclays raised their price objective on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Citigroup lowered their price objective on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Argus raised Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Omnicom Group presently has an average rating of “Hold” and a consensus target price of $93.71.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $77.04 on Friday. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $87.17. The business’s fifty day simple moving average is $78.07 and its 200-day simple moving average is $76.78. The firm has a market cap of $21.96 billion, a PE ratio of 197.55, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66. 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 announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 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 analyst estimates of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The company’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 EPS. Equities analysts forecast that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s payout ratio is presently 820.51%.

Omnicom Group declared that its board has approved a stock buyback program on Wednesday, February 18th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the business services provider to repurchase up to 38.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.