Jefferies Financial Group Inc. Grows Holdings in Omnicom Group Inc. $OMC

Jefferies Financial Group Inc. boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 610.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,676 shares of the business services provider’s stock after purchasing an additional 22,919 shares during the period. Jefferies Financial Group Inc.’s holdings in Omnicom Group were worth $2,154,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Leonard Rickey Investment Advisors P.L.L.C. raised its position in Omnicom Group by 4.1% in the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock worth $305,000 after acquiring an additional 147 shares during the period. Wakefield Asset Management LLLP raised its position in Omnicom Group by 2.6% in the fourth quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock worth $477,000 after acquiring an additional 149 shares during the period. Impact Partnership Wealth LLC raised its position in Omnicom Group by 3.1% in the third quarter. Impact Partnership Wealth LLC now owns 4,923 shares of the business services provider’s stock worth $401,000 after acquiring an additional 150 shares during the period. Hartford Financial Management Inc. raised its position in Omnicom Group by 27.0% in the fourth quarter. Hartford Financial Management Inc. now owns 762 shares of the business services provider’s stock worth $62,000 after acquiring an additional 162 shares during the period. Finally, Blake Schutter Theil Wealth Advisors LLC raised its position in Omnicom Group by 3.5% in the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider’s stock worth $395,000 after acquiring an additional 167 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE OMC opened at $74.87 on Thursday. The company’s 50 day moving average is $75.63 and its 200-day moving average is $76.52. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $87.17. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $21.34 billion, a P/E ratio of 191.97, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66.

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

Omnicom Group announced that its board has initiated a stock repurchase plan on Wednesday, February 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the business services provider to buy up to 38.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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 given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.3%. Omnicom Group’s payout ratio is 820.51%.

Analyst Ratings Changes

Several analysts have commented on OMC shares. UBS Group lifted their price objective on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Morgan Stanley lifted their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. Barclays lifted their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Finally, Argus raised shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Omnicom Group has an average rating of “Hold” and a consensus target price of $93.71.

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.