Ascent Group LLC Acquires Shares of 18,405 Omnicom Group Inc. $OMC

Ascent Group LLC acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,405 shares of the business services provider’s stock, valued at approximately $1,486,000.

Several other institutional investors have also bought and sold shares of the business. J2 Capital Management Inc lifted its holdings in shares of Omnicom Group by 7.8% in the 4th quarter. J2 Capital Management Inc now owns 5,656 shares of the business services provider’s stock worth $457,000 after acquiring an additional 410 shares during the last quarter. Savvy Advisors Inc. lifted its holdings in shares of Omnicom Group by 129.9% in the 4th quarter. Savvy Advisors Inc. now owns 7,127 shares of the business services provider’s stock worth $576,000 after acquiring an additional 4,027 shares during the last quarter. Arvest Investments Inc. lifted its holdings in shares of Omnicom Group by 30.0% in the 4th quarter. Arvest Investments Inc. now owns 26,490 shares of the business services provider’s stock worth $2,139,000 after acquiring an additional 6,113 shares during the last quarter. Cigna Investments Inc. New bought a new stake in shares of Omnicom Group in the 4th quarter worth about $247,000. Finally, Cromwell Holdings LLC lifted its holdings in shares of Omnicom Group by 45.9% in the 4th quarter. Cromwell Holdings LLC now owns 928 shares of the business services provider’s stock worth $76,000 after acquiring an additional 292 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

OMC has been the subject of several analyst reports. Citigroup raised their target price on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 20th. UBS Group raised their target price on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Argus upgraded shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Finally, Bank of America restated an “underperform” rating and issued a $77.00 target price (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $95.86.

Omnicom Group Trading Up 1.6%

Shares of OMC opened at $75.98 on Tuesday. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $87.17. The company has a 50-day moving average of $76.67 and a 200 day moving average of $76.89. The firm has a market capitalization of $21.65 billion, a price-to-earnings ratio of 155.07, a PEG ratio of 0.61 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.81.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Wednesday, February 18th. The business services provider reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The company had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the previous year, the business earned $2.41 EPS. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. On average, research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 18th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the business services provider to reacquire up to 38.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 11th will be issued a dividend of $0.80 per share. The ex-dividend date is Wednesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. Omnicom Group’s dividend payout ratio (DPR) is presently 653.06%.

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.