Trivium Point Advisory LLC Purchases New Position in Omnicom Group Inc. $OMC

Trivium Point Advisory LLC acquired a new stake in Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,224 shares of the business services provider’s stock, valued at approximately $453,000.

Other hedge funds also recently made changes to their positions in the company. Berger Financial Group Inc acquired a new position in shares of Omnicom Group in the 4th quarter valued at $5,564,000. Resona Asset Management Co. Ltd. grew its position in Omnicom Group by 55.4% during the 4th quarter. Resona Asset Management Co. Ltd. now owns 98,842 shares of the business services provider’s stock worth $7,976,000 after purchasing an additional 35,247 shares during the last quarter. Generali Asset Management SPA SGR grew its position in Omnicom Group by 346.0% during the 4th quarter. Generali Asset Management SPA SGR now owns 20,580 shares of the business services provider’s stock worth $1,662,000 after purchasing an additional 15,966 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Omnicom Group by 70.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 674,065 shares of the business services provider’s stock valued at $54,815,000 after purchasing an additional 277,665 shares during the period. Finally, Swiss Life Asset Management Ltd increased its stake in Omnicom Group by 901.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 481,765 shares of the business services provider’s stock valued at $38,903,000 after purchasing an additional 433,654 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Down 0.1%

Omnicom Group stock opened at $87.45 on Monday. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $88.55. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. The stock’s 50 day moving average price is $79.20 and its 200 day moving average price is $77.22. The company has a market cap of $23.99 billion, a PE ratio of 75.39, a price-to-earnings-growth ratio of 0.58 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The company had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Omnicom Group’s revenue for the quarter was up 63.4% on a year-over-year basis. On average, sell-side analysts predict that Omnicom Group Inc. will post 10.35 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be paid a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 annualized dividend and a dividend yield of 3.7%. Omnicom Group’s dividend payout ratio (DPR) is 275.86%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OMC. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Morgan Stanley raised their price target on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Rothschild & Co Redburn started coverage on Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target on the stock. Wells Fargo & Company upped their price objective on Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Finally, Citigroup decreased their price objective on Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Omnicom Group has a consensus rating of “Hold” and a consensus price target 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.