34,873 Shares in Omnicom Group Inc. $OMC Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. bought a new position in Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 34,873 shares of the business services provider’s stock, valued at approximately $2,815,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management increased 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 worth $25,000 after purchasing an additional 296 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Omnicom Group during the 4th quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new position in Omnicom Group in the 4th quarter valued at approximately $26,000. Cornerstone Planning Group LLC grew its stake 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 buying an additional 319 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID grew 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 valued at $27,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on OMC. Rothschild & Co Redburn began coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price target for the company. Citigroup dropped their price objective on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Argus raised shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Finally, UBS Group boosted their price target 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. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $93.13.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $76.15 on Tuesday. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The company’s 50-day moving average is $75.49 and its 200 day moving average is $76.54. The stock has a market capitalization of $21.70 billion, a P/E ratio of 195.27, a P/E/G ratio of 0.44 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last announced 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. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. Omnicom Group’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.70 earnings per share. On average, sell-side analysts expect that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders 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 yield of 4.2%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio is 820.51%.

Omnicom Group announced that its Board of Directors has authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

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.