Janus Henderson Group PLC Has $2.52 Million Stake in Omnicom Group Inc. $OMC

Key Points

• Janus Henderson Group reduced its Omnicom stake by 57.2% in the first quarter, selling 44,622 shares and retaining 33,400 shares valued at approximately $2.52 million. Institutional investors and hedge funds collectively own 91.97% of OMC.
• Analyst sentiment is mixed, with four Buy, five Hold, and two Sell ratings; MarketBeat’s consensus is Hold with a $99 target price, compared with a recent share price of $85.23.
• Omnicom reported quarterly revenue of $6.56 billion, up 63.4% year over year, though earnings per share of $2.65 slightly missed estimates. The company declared a quarterly dividend of $0.80 per share, implying a 3.8% yield, but its payout ratio is elevated at 275.86%.

Janus Henderson Group PLC lowered its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 57.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,400 shares of the business services provider's stock after selling 44,622 shares during the quarter. Janus Henderson Group PLC's holdings in Omnicom Group were worth $2,516,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in OMC. Wakefield Asset Management LLLP increased its position in Omnicom Group by 2.6% during the 4th quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider's stock worth $477,000 after purchasing an additional 149 shares in the last quarter. Caldwell Trust Co boosted its position in Omnicom Group by 29.0% in the first quarter. Caldwell Trust Co now owns 662 shares of the business services provider's stock valued at $50,000 after buying an additional 149 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in Omnicom Group by 39.1% in the first quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider's stock valued at $41,000 after buying an additional 153 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC grew its stake in shares of Omnicom Group by 3.5% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider's stock worth $395,000 after buying an additional 167 shares during the last quarter. Finally, Binnacle Investments Inc grew its stake in shares of Omnicom Group by 17.7% during the second quarter. Binnacle Investments Inc now owns 1,124 shares of the business services provider's stock worth $81,000 after buying an additional 169 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on OMC shares. Citigroup cut their price objective on Omnicom Group from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Rothschild & Co Redburn assumed coverage on Omnicom Group in a research report on Thursday, May 28th. They issued a "neutral" rating and a $89.00 target price for the company. The Goldman Sachs Group initiated coverage on Omnicom Group in a research note on Wednesday, June 3rd. They set a "buy" rating and a $146.00 price target on the stock. Weiss Ratings upgraded Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 30th. Finally, Zacks Research downgraded Omnicom Group from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $99.00.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $85.23 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $87.41. The firm has a market cap of $23.38 billion, a PE ratio of 73.48, a price-to-earnings-growth ratio of 0.57 and a beta of 0.64. The firm's fifty day moving average is $78.08 and its 200-day moving average is $76.99.

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

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, September 18th. Omnicom Group's dividend payout ratio (DPR) is 275.86%.

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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