Omnicom Group Inc. $OMC Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 54.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,308 shares of the business services provider’s stock after purchasing an additional 43,044 shares during the period. Corient Private Wealth LLC’s holdings in Omnicom Group were worth $9,877,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Activest Wealth Management increased its holdings 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 buying an additional 296 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in Omnicom Group during the fourth quarter valued at about $26,000. Elyxium Wealth LLC purchased a new stake in Omnicom Group during the fourth quarter valued at about $26,000. Legacy Wealth Managment LLC ID grew its position in Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares during the period. Finally, EFG International AG purchased a new position in shares of Omnicom Group in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC stock opened at $73.82 on Thursday. The firm has a fifty day simple moving average of $75.26 and a 200-day simple moving average of $76.80. The company has a market capitalization of $21.04 billion, a PE ratio of 189.30, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $87.17. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results 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 net margin of 0.32% and a return on equity of 24.48%. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The firm’s quarterly revenue was up 69.2% on a year-over-year basis. Equities research analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.80 per share. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is currently 820.51%.

Wall Street Analyst Weigh In

OMC has been the topic of several research analyst reports. Argus raised Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. Morgan Stanley boosted 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 note on Friday, May 1st. Finally, The Goldman Sachs Group started coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and an average target price of $99.00.

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.