Omnicom Group Inc. $OMC Stock Holdings Lifted by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC increased its Omnicom stake by 358.7% in Q4 to 147,861 shares (about $11.94M), while institutional investors now own roughly 91.97% of the company.
• Omnicom missed Q4 estimates (EPS $2.59 vs. $2.94 consensus; revenue $5.53B vs. $7.58B) but the board authorized a $5.0 billion share buyback (up to 38.1% of shares) and declared a $0.80 quarterly dividend (4.3% yield).
• Shares trade near $73.85 with a market cap of $22.9B and a high PE of 150.7; analyst sentiment is mixed with an average "Hold" rating and a $95.86 price target.

SG Americas Securities LLC lifted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 358.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 147,861 shares of the business services provider's stock after acquiring an additional 115,627 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Omnicom Group worth $11,940,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new stake in shares of Omnicom Group in the fourth quarter valued at $6,892,000. Diversified Trust Co. grew its holdings in shares of Omnicom Group by 96.8% during the fourth quarter. Diversified Trust Co. now owns 96,394 shares of the business services provider's stock valued at $7,784,000 after buying an additional 47,417 shares in the last quarter. Affinity Capital Advisors LLC purchased a new position in shares of Omnicom Group during the fourth quarter valued at $322,000. 180 Wealth Advisors LLC acquired a new position in Omnicom Group during the fourth quarter valued at $339,000. Finally, TABR Capital Management LLC acquired a new position in Omnicom Group during the fourth quarter valued at $359,000. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Down 1.9%

OMC stock opened at $73.85 on Friday. The firm has a market cap of $22.92 billion, a PE ratio of 150.70, a PEG ratio of 0.61 and a beta of 0.71. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company has a fifty day simple moving average of $77.16 and a 200 day simple moving average of $76.96. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Wednesday, February 18th. The business services provider reported $2.59 EPS for the quarter, missing the consensus estimate of $2.94 by ($0.35). Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.The business had revenue of $5.53 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period in the previous year, the company earned $2.41 earnings per share. The company's quarterly revenue was up 27.9% compared to the same quarter last year. Sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

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

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, March 11th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.3%. Omnicom Group's dividend payout ratio is currently 653.06%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Bank of America reissued an "underperform" rating and issued a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Omnicom Group in a report on Thursday, January 22nd. Citigroup increased their price target on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. Morgan Stanley began coverage on shares of Omnicom Group in a report on Tuesday, December 16th. They set an "equal weight" rating and a $88.00 price target for the company. Finally, UBS Group boosted their price objective on shares of Omnicom Group from $108.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Omnicom Group has an average rating of "Hold" and an average price target of $95.86.

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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