Swiss Life Asset Management Ltd Buys 433,654 Shares of Omnicom Group Inc. $OMC

Swiss Life Asset Management Ltd grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 901.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 481,765 shares of the business services provider’s stock after purchasing an additional 433,654 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Omnicom Group were worth $38,903,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management raised its position in shares of Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after buying an additional 296 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Omnicom Group during the fourth quarter valued at approximately $26,000. Cornerstone Planning Group LLC raised its position in shares of Omnicom Group by 2,126.7% during the third 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 during the last quarter. Legacy Wealth Managment LLC ID raised its position in shares of 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 buying an additional 176 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Omnicom Group by 289.4% during the third quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock valued at $30,000 after buying an additional 272 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.0%

Shares of OMC opened at $77.04 on Monday. The company’s fifty day moving average is $78.07 and its 200 day moving average is $76.78. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17. The stock has a market capitalization of $21.96 billion, a PE ratio of 197.55, a P/E/G ratio of 0.46 and a beta of 0.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share 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 company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the business posted $1.70 earnings per share. Omnicom Group’s quarterly revenue was up 69.2% on a year-over-year basis. Sell-side analysts expect that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group declared that its board has authorized a share buyback plan on Wednesday, February 18th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the business services provider to buy up to 38.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s payout ratio is currently 820.51%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OMC. Citigroup reduced their price objective on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Barclays lifted their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Morgan Stanley boosted their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. 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 report on Friday, March 20th. Finally, Argus upgraded shares of 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, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Hold” and a consensus price target of $93.71.

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.