Osaic Holdings Inc. Has $8.12 Million Stock Position in Omnicom Group Inc. $OMC

Osaic Holdings Inc. boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 289.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,184 shares of the business services provider’s stock after acquiring an additional 75,957 shares during the period. Osaic Holdings Inc. owned 0.05% of Omnicom Group worth $8,120,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Omnicom Group by 1.5% during the second quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock worth $1,712,993,000 after buying an additional 344,652 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Omnicom Group by 9.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,869,786 shares of the business services provider’s stock valued at $566,152,000 after purchasing an additional 691,560 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Omnicom Group by 117.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock valued at $447,017,000 after purchasing an additional 3,362,411 shares during the period. Geode Capital Management LLC boosted its position in shares of Omnicom Group by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 5,339,385 shares of the business services provider’s stock valued at $382,717,000 after purchasing an additional 48,868 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Omnicom Group by 38.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock worth $324,782,000 after purchasing an additional 1,255,197 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on OMC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Morgan Stanley initiated coverage on shares of Omnicom Group in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price objective for the company. Barclays increased their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Finally, UBS Group upped their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a report on Friday, December 5th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Omnicom Group currently has an average rating of “Hold” and an average target price of $92.57.

Omnicom Group Stock Performance

OMC opened at $80.26 on Monday. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $89.81. The company has a market cap of $15.49 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.28 and a beta of 0.75. The company’s fifty day moving average price is $75.53 and its two-hundred day moving average price is $75.12. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95.

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

Omnicom Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s payout ratio is presently 47.27%.

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.