Jefferies Financial Group Inc. Purchases 59,108 Shares of Omnicom Group Inc. $OMC

Key Points

• Jefferies Financial Group increased its Omnicom Group position by 627.7% in the second quarter, purchasing 59,108 additional shares for a total holding of 68,524 shares valued at approximately $4.99 million.
• Institutional investors own 91.97% of Omnicom, with major additions from BlackRock, State Street, Bank of New York Mellon and Geode Capital Management.
• Omnicom reported quarterly revenue of $6.56 billion, up 63.4% year over year, but narrowly missed EPS estimates. The company declared a quarterly dividend of $0.80, representing a 3.6% annualized yield, while analysts maintain an average “Hold” rating and a $99 price target.

Jefferies Financial Group Inc. increased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 627.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,524 shares of the business services provider's stock after purchasing an additional 59,108 shares during the period. Jefferies Financial Group Inc.'s holdings in Omnicom Group were worth $4,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Omnicom Group in the second quarter valued at about $2,082,476,000. State Street Corp increased its position in Omnicom Group by 40.4% during the fourth quarter. State Street Corp now owns 23,676,768 shares of the business services provider's stock worth $1,933,891,000 after acquiring an additional 6,813,441 shares during the period. Bank of New York Mellon Corp acquired a new stake in Omnicom Group in the 2nd quarter worth about $914,156,000. Geode Capital Management LLC boosted its holdings in Omnicom Group by 57.1% in the 4th quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider's stock valued at $690,327,000 after purchasing an additional 3,117,188 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in Omnicom Group by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 6,352,034 shares of the business services provider's stock valued at $512,927,000 after purchasing an additional 33,557 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $88.32 on Friday. The firm has a 50 day moving average of $81.71 and a 200-day moving average of $78.19. The stock has a market capitalization of $24.23 billion, a PE ratio of 76.14, a PEG ratio of 0.58 and a beta of 0.64. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $89.57.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.02). The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The business's revenue was up 63.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.05 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post 10.35 EPS 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. Stockholders of record on Friday, September 18th will be paid a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. Omnicom Group's dividend payout ratio (DPR) is presently 275.86%.

Analyst Ratings Changes

Several brokerages have recently commented on OMC. Zacks Research cut shares of Omnicom Group from a "hold" rating to a "strong sell" rating in a report on Thursday, July 30th. Weiss Ratings upgraded Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 30th. Wells Fargo & Company increased their price target on Omnicom Group from $91.00 to $93.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Citigroup dropped their price objective on Omnicom Group from $105.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, The Goldman Sachs Group initiated coverage on Omnicom Group in a research report on Wednesday, June 3rd. They set a "buy" rating and a $146.00 target price for the company. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $99.00.

Insider Activity at Omnicom Group

In other news, Director Linda Johnson Rice sold 1,385 shares of the business's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $88.73, for a total transaction of $122,891.05. Following the completion of the transaction, the director owned 11,719 shares of the company's stock, valued at approximately $1,039,826.87. The trade was a 10.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

About Omnicom Group

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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