Benjamin Edwards Inc. Has $8.99 Million Stake in Omnicom Group Inc. $OMC

Key Points

• Benjamin Edwards Inc. increased its stake in Omnicom by 379.5% in Q4 to 111,381 shares — an $8.99 million position representing about 0.06% of the company.
• Omnicom beat quarterly EPS estimates ($1.90 vs. $1.84) and reported $6.24B in revenue (up 69.2% YoY), paid a $0.80 quarterly dividend (4.2% yield), and its board authorized a $5.0 billion share buyback (up to 38.1% of shares).
• Analyst sentiment is mixed (4 Buy, 4 Hold, 1 Sell) with an average rating of Hold and an average price target of $93.71.

Benjamin Edwards Inc. raised its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 379.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,381 shares of the business services provider's stock after acquiring an additional 88,152 shares during the period. Benjamin Edwards Inc. owned about 0.06% of Omnicom Group worth $8,993,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management grew its stake 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 valued at $25,000 after acquiring an additional 296 shares during the period. Bayforest Capital Ltd acquired a new position in Omnicom Group in the fourth quarter valued at about $26,000. Cornerstone Planning Group LLC grew its stake in Omnicom Group by 2,126.7% in the third quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider's stock valued at $27,000 after acquiring an additional 319 shares during the period. Meeder Asset Management Inc. grew its stake in Omnicom Group by 289.4% in the third quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider's stock valued at $30,000 after acquiring an additional 272 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in Omnicom Group in the fourth quarter valued at about $32,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OMC. Barclays boosted their price target on Omnicom Group from $82.00 to $90.00 and gave the company an "equal weight" rating in a report on Monday, February 23rd. Argus upgraded Omnicom Group to a "hold" rating in a research note on Thursday, March 26th. Bank of America restated an "underperform" rating and issued a $77.00 price target (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Weiss Ratings restated a "hold (c)" rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Finally, Morgan Stanley upped their price objective on Omnicom Group from $82.00 to $83.00 and gave the company an "equal weight" rating in a research note on Friday. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $93.71.

Omnicom Group Price Performance

NYSE:OMC opened at $77.02 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock's 50 day moving average price is $78.37 and its two-hundred day moving average price is $76.80. The firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 197.49, a P/E/G ratio of 0.60 and a beta of 0.66. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $87.17.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The business's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.70 earnings per share. On average, analysts anticipate that Omnicom Group Inc. will post 10.77 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 11th were paid a dividend of $0.80 per share. The ex-dividend date was Wednesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.2%. Omnicom Group's dividend payout ratio (DPR) is 820.51%.

Omnicom Group declared that its Board of Directors has authorized a share buyback program 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 programs are typically an indication that the company's management believes its shares are 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.

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