Commerzbank Aktiengesellschaft FI Makes New $3.65 Million Investment in Omnicom Group Inc. $OMC

Key Points

• Commerzbank Aktiengesellschaft FI acquired 50,057 Omnicom Group shares worth approximately $3.65 million during the second quarter. Institutional investors own 91.97% of OMC’s outstanding shares.
• Omnicom reported quarterly revenue of $6.56 billion, up 63.4% year over year and above estimates, while EPS of $2.65 narrowly missed consensus by $0.02.
• The company declared a quarterly dividend of $0.80, or $3.20 annually, representing a 3.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $99.

Commerzbank Aktiengesellschaft FI acquired a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 50,057 shares of the business services provider's stock, valued at approximately $3,646,000.

A number of other institutional investors also recently modified their holdings of OMC. Activest Wealth Management increased its holdings in shares of 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 purchasing an additional 296 shares in the last quarter. Bayforest Capital Ltd bought a new position in Omnicom Group in the 4th quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new position in Omnicom Group during the 4th quarter worth $26,000. Legacy Wealth Managment LLC ID boosted its position in Omnicom Group by 111.4% in the 4th 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, EFG International AG bought a new position in Omnicom Group in the 4th quarter valued at $28,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $85.51 on Tuesday. The firm's 50 day simple moving average is $79.41 and its 200 day simple moving average is $77.27. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $88.55. The company has a market capitalization of $23.46 billion, a price-to-earnings ratio of 73.72, a P/E/G ratio of 0.58 and a beta of 0.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the prior year, the firm posted $2.05 EPS. The firm's revenue for the quarter was up 63.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 10.35 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.7%. Omnicom Group's dividend payout ratio is currently 275.86%.

Analyst Ratings Changes

OMC has been the subject of a number of recent research reports. Weiss Ratings upgraded Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 30th. Morgan Stanley raised their price target on Omnicom Group from $82.00 to $83.00 and gave the company an "equal weight" rating in a report on Friday, May 1st. Zacks Research lowered Omnicom Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 30th. The Goldman Sachs Group started coverage on Omnicom Group in a report on Wednesday, June 3rd. They set a "buy" rating and a $146.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on shares of Omnicom Group from $91.00 to $93.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock 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.

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