RWC Asset Management LLP Has $45.01 Million Position in Omnicom Group Inc. $OMC

RWC Asset Management LLP grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 48.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 557,401 shares of the business services provider’s stock after acquiring an additional 180,794 shares during the quarter. Omnicom Group accounts for 2.2% of RWC Asset Management LLP’s portfolio, making the stock its 9th largest holding. RWC Asset Management LLP owned approximately 0.29% of Omnicom Group worth $45,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OMC. Activest Wealth Management lifted its position in Omnicom Group by 2,960.0% in the fourth 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 period. Bayforest Capital Ltd bought a new position in Omnicom Group in the fourth quarter worth $26,000. Elyxium Wealth LLC bought a new position in Omnicom Group in the fourth quarter worth $26,000. Legacy Wealth Managment LLC ID lifted its position in Omnicom Group by 111.4% in the fourth 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, Flagship Harbor Advisors LLC bought a new position in Omnicom Group in the fourth quarter worth $32,000. 91.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on OMC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. Argus raised Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Barclays raised their target price on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Citigroup reduced their target price on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Morgan Stanley increased their price objective on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Omnicom Group has a consensus rating of “Hold” and a consensus target price of $99.00.

Omnicom Group Stock Performance

Omnicom Group stock opened at $75.28 on Monday. 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 fifty day moving average price of $75.45 and a two-hundred day moving average price of $76.59. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The firm has a market capitalization of $21.46 billion, a P/E ratio of 193.03, a P/E/G ratio of 0.45 and a beta of 0.64.

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

Omnicom Group announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the business services provider to purchase up to 38.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders 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 4.3%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio is currently 820.51%.

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.