Danske Bank A S Purchases 274,919 Shares of Omnicom Group Inc. $OMC

Key Points

• Danske Bank A/S boosted its stake in Omnicom by 184.6% in Q4, purchasing 274,919 shares to hold 423,867 shares worth about $34.2 million (≈0.22% of the company).
• Omnicom's board approved a $5.0 billion share buyback (up to 38.1% of outstanding shares) and the company pays a quarterly dividend of $0.80 (annualized yield ~4.2%).
• Omnicom reported quarterly EPS of $1.90 (vs. $1.84 expected) and revenue of $6.24 billion (up 69.2% year‑over‑year), while analysts’ consensus rating is “Hold” with a $93.71 price target.

Danske Bank A S boosted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 184.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 423,867 shares of the business services provider's stock after purchasing an additional 274,919 shares during the period. Danske Bank A S owned about 0.22% of Omnicom Group worth $34,227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB boosted its stake in shares of Omnicom Group by 2.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,330 shares of the business services provider's stock worth $598,000 after buying an additional 145 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. increased its position in shares of Omnicom Group by 4.1% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider's stock valued at $305,000 after acquiring an additional 147 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in Omnicom Group by 7.9% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider's stock worth $166,000 after acquiring an additional 149 shares during the period. Impact Partnership Wealth LLC lifted its holdings in Omnicom Group by 3.1% during the third quarter. Impact Partnership Wealth LLC now owns 4,923 shares of the business services provider's stock worth $401,000 after acquiring an additional 150 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Omnicom Group by 4.3% in the third quarter. Geneos Wealth Management Inc. now owns 3,746 shares of the business services provider's stock worth $305,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OMC shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Omnicom Group in a research report on Thursday, January 22nd. 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 report on Friday, March 20th. Morgan Stanley increased their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the company an "equal weight" rating in a research report on Friday. Barclays lifted their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Monday, February 23rd. Finally, Citigroup dropped their target price on shares of Omnicom Group from $115.00 to $105.00 and set a "buy" rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $93.71.

Omnicom Group Stock Performance

Shares of OMC opened at $77.02 on Friday. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.81. The stock's fifty day moving average price is $78.37 and its two-hundred day moving average price is $76.81. The firm has a market cap of $21.95 billion, a PE ratio of 197.49, a PEG ratio of 0.59 and a beta of 0.66.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. 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 return on equity of 24.48% and a net margin of 0.32%.The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the company earned $1.70 EPS. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities research analysts forecast that Omnicom Group Inc. will post 10.92 EPS for the current year.

Omnicom Group Announces Dividend

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

Omnicom Group announced that its Board of Directors has approved a share buyback plan on Wednesday, February 18th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the business services provider to purchase up to 38.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

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.

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