Jefferies Financial Group Inc. Has $2.15 Million Stock Holdings in Omnicom Group Inc. $OMC

Key Points

• Jefferies Financial Group increased its stake in Omnicom Group by 610% in the fourth quarter, ending with 26,676 shares valued at about $2.15 million.
• Omnicom continues to draw heavy institutional interest, with about 91.97% of the stock owned by institutional investors and hedge funds.
• The company reported better-than-expected Q1 earnings of $1.90 per share on revenue of $6.24 billion, and it also announced a $5 billion share buyback plus a quarterly dividend of $0.80 per share.

Jefferies Financial Group Inc. boosted its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 610.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,676 shares of the business services provider's stock after purchasing an additional 22,919 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Omnicom Group were worth $2,154,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its holdings in Omnicom Group by 15.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 108,310 shares of the business services provider's stock worth $8,831,000 after purchasing an additional 14,368 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Omnicom Group by 18.7% during the third quarter. Principal Financial Group Inc. now owns 1,877,462 shares of the business services provider's stock valued at $153,068,000 after buying an additional 295,379 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in shares of Omnicom Group during the third quarter valued at about $870,000. AustralianSuper Pty Ltd grew its holdings in shares of Omnicom Group by 24.2% during the third quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider's stock valued at $10,579,000 after buying an additional 25,317 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of Omnicom Group by 35.3% during the third quarter. National Pension Service now owns 111,161 shares of the business services provider's stock valued at $9,063,000 after buying an additional 29,014 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Argus upgraded shares of Omnicom Group to a "hold" rating in a report on Thursday, March 26th. Barclays lifted their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the company an "equal weight" rating in a report on Monday, February 23rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Omnicom Group in a report on Friday, May 22nd. Morgan Stanley lifted their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the company an "equal weight" rating in a report on Friday, May 1st. Finally, UBS Group lifted their price objective on shares of Omnicom Group from $108.00 to $114.00 and gave the company a "buy" rating in a report on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Omnicom Group presently has an average rating of "Hold" and a consensus price target of $93.71.

Omnicom Group Stock Up 0.6%

Omnicom Group stock opened at $74.87 on Thursday. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17. The stock has a market cap of $21.34 billion, a PE ratio of 191.97, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66. The firm's 50-day simple moving average is $75.63 and its 200 day simple moving average is $76.52. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. 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 net margin of 0.32% and a return on equity of 24.48%. The business had revenue of $6.24 billion for the quarter, compared to analysts' expectations of $5.85 billion. During the same period in the previous year, the company earned $1.70 earnings per share. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. Research analysts predict that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group declared that its board has authorized a stock repurchase program on Wednesday, February 18th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the business services provider to purchase up to 38.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.80 per share. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 annualized dividend and a yield of 4.3%. Omnicom Group's payout ratio is 820.51%.

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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