BNP Paribas Financial Markets Purchases 456,644 Shares of Omnicom Group Inc. $OMC

BNP Paribas Financial Markets increased its position in Omnicom Group Inc. (NYSE:OMC) by 63.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,177,398 shares of the business services provider’s stock after purchasing an additional 456,644 shares during the quarter. BNP Paribas Financial Markets’ holdings in Omnicom Group were worth $95,075,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Gulf International Bank UK Ltd grew its stake in Omnicom Group by 31.7% in the fourth quarter. Gulf International Bank UK Ltd now owns 13,377 shares of the business services provider’s stock worth $1,080,000 after purchasing an additional 3,220 shares in the last quarter. Keyvantage Wealth LLC bought a new position in Omnicom Group in the fourth quarter worth approximately $234,000. Forsta AP Fonden grew its stake in Omnicom Group by 3.3% in the fourth quarter. Forsta AP Fonden now owns 43,200 shares of the business services provider’s stock worth $3,488,000 after purchasing an additional 1,400 shares in the last quarter. Norges Bank bought a new stake in Omnicom Group during the 4th quarter valued at $140,268,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Omnicom Group during the 4th quarter valued at $2,815,000. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on OMC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. UBS Group increased their target price on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Morgan Stanley increased their target price 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. Rothschild & Co Redburn began coverage on Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price on the stock. Finally, Argus raised Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $93.13.

Omnicom Group Stock Up 4.7%

Omnicom Group stock opened at $76.15 on Tuesday. 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 stock has a market capitalization of $21.70 billion, a price-to-earnings ratio of 195.27, a PEG ratio of 0.44 and a beta of 0.64. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $87.17. The business has a fifty day moving average price of $75.49 and a 200-day moving average price of $76.54.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The business’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 EPS. Equities research analysts forecast that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company 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 $0.80 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. Omnicom Group’s dividend payout ratio (DPR) is 820.51%.

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

About Omnicom Group

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.