Exchange Traded Concepts LLC Boosts Holdings in Omnicom Group Inc. $OMC

Exchange Traded Concepts LLC boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 27.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 77,145 shares of the business services provider’s stock after purchasing an additional 16,828 shares during the period. Exchange Traded Concepts LLC’s holdings in Omnicom Group were worth $6,229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Intech Investment Management LLC purchased a new position in shares of Omnicom Group in the 2nd quarter valued at about $256,000. Steward Partners Investment Advisory LLC boosted its position in Omnicom Group by 94.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 27,321 shares of the business services provider’s stock worth $1,965,000 after purchasing an additional 13,264 shares in the last quarter. Choreo LLC grew its holdings in Omnicom Group by 159.0% in the second quarter. Choreo LLC now owns 8,506 shares of the business services provider’s stock valued at $619,000 after purchasing an additional 5,222 shares during the period. Quadrant Capital Group LLC increased its position in shares of Omnicom Group by 185.7% in the second quarter. Quadrant Capital Group LLC now owns 6,603 shares of the business services provider’s stock valued at $475,000 after buying an additional 4,292 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its position in shares of Omnicom Group by 167.3% in the second quarter. Johnson Financial Group Inc. now owns 882 shares of the business services provider’s stock valued at $64,000 after buying an additional 552 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley started coverage on Omnicom Group in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price on the stock. Citigroup upped their price objective 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. Bank of America reaffirmed 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. Argus upgraded shares of Omnicom Group to a “hold” rating in a research report on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Omnicom Group presently has an average rating of “Hold” and a consensus target price of $95.86.

Omnicom Group Stock Up 0.0%

Shares of OMC opened at $73.85 on Monday. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The company has a market capitalization of $21.05 billion, a PE ratio of 150.70, a price-to-earnings-growth ratio of 0.60 and a beta of 0.71. The stock has a fifty day simple moving average of $77.16 and a two-hundred day simple moving average of $76.97. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.60.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results 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). Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The firm 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 firm posted $2.41 EPS. The company’s revenue was up 27.9% compared to the same quarter last year. As a group, equities analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 11th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.3%. The ex-dividend date is Wednesday, March 11th. Omnicom Group’s payout ratio is presently 653.06%.

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

About Omnicom Group

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.