B. Metzler seel. Sohn & Co. AG Grows Holdings in Omnicom Group Inc. $OMC

B. Metzler seel. Sohn & Co. AG increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 194.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,078 shares of the business services provider’s stock after buying an additional 8,639 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Omnicom Group were worth $1,056,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB increased its stake in Omnicom Group by 2.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,330 shares of the business services provider’s stock worth $598,000 after buying an additional 145 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. increased its stake in Omnicom Group by 4.1% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock worth $305,000 after buying an additional 147 shares during the period. Deseret Mutual Benefit Administrators increased its stake in Omnicom Group by 7.9% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock worth $166,000 after buying an additional 149 shares during the period. Impact Partnership Wealth LLC increased its stake in Omnicom Group by 3.1% during the 3rd quarter. Impact Partnership Wealth LLC now owns 4,923 shares of the business services provider’s stock worth $401,000 after buying an additional 150 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in Omnicom Group by 4.3% during the 3rd quarter. Geneos Wealth Management Inc. now owns 3,746 shares of the business services provider’s stock worth $305,000 after buying an additional 156 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC stock opened at $75.73 on Monday. The firm has a market cap of $21.58 billion, a P/E ratio of 154.54, a P/E/G ratio of 0.58 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 Inc. has a 1-year low of $66.33 and a 1-year high of $87.17. The firm has a fifty day moving average of $78.02 and a two-hundred day moving average of $76.83.

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 the consensus estimate of $2.94 by ($0.35). The company had revenue of $5.53 billion for the quarter, compared to analyst estimates of $7.58 billion. Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.Omnicom Group’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.41 earnings per share. As a group, research analysts anticipate that Omnicom Group Inc. will post 10.92 earnings per share for the current fiscal year.

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

Omnicom Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OMC shares. Citigroup lifted their price target on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. UBS Group raised their price objective 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. Bank of America reissued an “underperform” rating and set a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Finally, Argus raised shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus 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.