Deutsche Bank AG Purchases New Position in Omnicom Group Inc. $OMC

Key Points

• Deutsche Bank acquired 1.45 million Omnicom shares worth approximately $105.4 million in the second quarter, giving it a 0.53% stake. Institutional investors collectively own 91.97% of the company.
• Analyst sentiment remains mixed, with Omnicom holding a consensus rating of “Hold” and an average price target of $99.00. Recent recommendations ranged from “Buy” to “Strong Sell.”
• Omnicom reported quarterly revenue of $6.56 billion, up 63.4% year over year, but EPS of $2.65 narrowly missed estimates. The company declared a quarterly dividend of $0.80 per share, representing a 3.7% annualized yield.

Deutsche Bank AG purchased a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,447,240 shares of the business services provider's stock, valued at approximately $105,402,000. Deutsche Bank AG owned 0.53% of Omnicom Group at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in shares of Omnicom Group by 82.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the business services provider's stock worth $138,000 after buying an additional 869 shares during the period. Gamco Investors INC. ET AL acquired a new stake in Omnicom Group in the 2nd quarter valued at $241,000. Gabelli Funds LLC purchased a new stake in Omnicom Group in the 2nd quarter worth $1,061,000. Daiwa Securities Group Inc. increased its holdings in Omnicom Group by 5.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 29,373 shares of the business services provider's stock worth $2,113,000 after acquiring an additional 1,482 shares in the last quarter. Finally, Sei Investments Co. raised its position in Omnicom Group by 14.1% during the second quarter. Sei Investments Co. now owns 361,266 shares of the business services provider's stock worth $25,990,000 after acquiring an additional 44,746 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analysts Set New Price Targets

OMC has been the topic of several recent analyst reports. Weiss Ratings raised shares of Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 30th. Zacks Research downgraded shares of Omnicom Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 30th. Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They issued a "neutral" rating and a $89.00 price target on the stock. Citigroup decreased their price target on shares of Omnicom Group from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, Morgan Stanley lifted their price objective on Omnicom Group from $82.00 to $83.00 and gave the stock an "equal weight" rating in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $99.00.

Omnicom Group Trading Up 1.2%

Shares of OMC stock opened at $87.38 on Thursday. 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 debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. The stock's fifty day moving average is $79.89 and its two-hundred day moving average is $77.43. The firm has a market capitalization of $23.97 billion, a P/E ratio of 75.33, a PEG ratio of 0.57 and a beta of 0.64.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results 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). The business had revenue of $6.56 billion for the quarter, compared to analysts' expectations of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.Omnicom Group's quarterly revenue was up 63.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 EPS. Research analysts expect that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

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

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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