Axa S.A. Buys 245,344 Shares of Omnicom Group Inc. $OMC

Axa S.A. increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 154.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 404,236 shares of the business services provider’s stock after purchasing an additional 245,344 shares during the period. Axa S.A. owned approximately 0.21% of Omnicom Group worth $29,081,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lombard Odier Asset Management USA Corp bought a new stake in shares of Omnicom Group in the 2nd quarter valued at approximately $435,000. Lombard Odier Asset Management Switzerland SA boosted its stake in shares of Omnicom Group by 29.4% in the 2nd quarter. Lombard Odier Asset Management Switzerland SA now owns 16,978 shares of the business services provider’s stock valued at $1,221,000 after purchasing an additional 3,857 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Omnicom Group by 5.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 29,373 shares of the business services provider’s stock worth $2,113,000 after purchasing an additional 1,482 shares during the last quarter. Prestige Wealth Management Group LLC grew its holdings in Omnicom Group by 28.3% during the second quarter. Prestige Wealth Management Group LLC now owns 5,480 shares of the business services provider’s stock valued at $398,000 after purchasing an additional 1,210 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Omnicom Group in the 2nd quarter valued at $967,000. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on OMC. Barclays upped their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. UBS Group boosted their target price on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.14.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $73.05 on Wednesday. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $94.32. The firm has a 50 day simple moving average of $75.15 and a 200 day simple moving average of $74.68. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.16 and a beta of 0.75.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.07. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. Omnicom Group’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.03 earnings per share. Research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be paid a $0.80 dividend. The ex-dividend date is Friday, December 19th. This represents a $3.20 annualized dividend and a dividend yield of 4.4%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s dividend payout ratio (DPR) is 47.27%.

Omnicom Group Company 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.