Hsbc Holdings PLC Has $118.59 Million Stake in Omnicom Group Inc. $OMC

Key Points

• Hsbc Holdings PLC increased its ownership in Omnicom Group Inc. by 37.2%, now holding 1,444,255 shares worth approximately $118.6 million.
• Omnicom Group reported a quarterly EPS of $2.05, surpassing expectations, with revenue of $4.02 billion, an increase of 4.2% year-over-year.
• The company declared a quarterly dividend of $0.70 per share, reflecting an annualized yield of 3.6%, to be paid on October 10th.

Hsbc Holdings PLC raised its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 37.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,444,255 shares of the business services provider's stock after purchasing an additional 391,876 shares during the quarter. Hsbc Holdings PLC owned about 0.74% of Omnicom Group worth $118,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its stake in shares of Omnicom Group by 52.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,380 shares of the business services provider's stock valued at $529,000 after purchasing an additional 2,185 shares during the period. Financial Advisors Network Inc. increased its stake in shares of Omnicom Group by 6.1% during the first quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider's stock valued at $228,000 after acquiring an additional 159 shares during the period. Quantbot Technologies LP increased its stake in shares of Omnicom Group by 361.0% during the first quarter. Quantbot Technologies LP now owns 65,998 shares of the business services provider's stock valued at $5,472,000 after acquiring an additional 51,682 shares during the period. Qtron Investments LLC acquired a new position in shares of Omnicom Group during the first quarter valued at approximately $356,000. Finally, Freestone Capital Holdings LLC increased its stake in shares of Omnicom Group by 34.5% during the first quarter. Freestone Capital Holdings LLC now owns 12,888 shares of the business services provider's stock valued at $1,069,000 after acquiring an additional 3,305 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Price Performance

Omnicom Group stock traded up $2.0480 during mid-day trading on Friday, hitting $79.5280. The company's stock had a trading volume of 4,736,853 shares, compared to its average volume of 3,263,023. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $15.41 billion, a P/E ratio of 11.41, a P/E/G ratio of 1.58 and a beta of 0.94. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00. The stock's fifty day moving average price is $73.44 and its two-hundred day moving average price is $76.07.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.03. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.95 earnings per share. Research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 annualized dividend and a yield of 3.5%. Omnicom Group's payout ratio is 40.17%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on OMC shares. Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research note on Monday, June 23rd. Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $94.43.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.