SG Americas Securities LLC Purchases 115,627 Shares of Omnicom Group Inc. $OMC

SG Americas Securities LLC lifted its position in Omnicom Group Inc. (NYSE:OMC) by 358.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,861 shares of the business services provider’s stock after buying an additional 115,627 shares during the quarter. SG Americas Securities LLC’s holdings in Omnicom Group were worth $11,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of OMC. Capital A Wealth Management LLC raised its holdings in Omnicom Group by 548.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after acquiring an additional 318 shares during the period. Cornerstone Planning Group LLC boosted its holdings in Omnicom Group by 2,126.7% during the third quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 319 shares during the period. Meeder Asset Management Inc. boosted its holdings in Omnicom Group by 289.4% during the third quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Westside Investment Management Inc. grew its position in shares of Omnicom Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 202 shares during the last quarter. Finally, Wealth Watch Advisors INC bought a new position in shares of Omnicom Group in the third quarter worth about $34,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Trading Down 1.9%

Shares of OMC stock opened at $73.85 on Friday. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The stock has a market cap of $22.92 billion, a price-to-earnings ratio of 150.70, a P/E/G ratio of 0.61 and a beta of 0.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.93. The firm has a fifty day moving average of $77.16 and a 200-day moving average of $76.96.

Omnicom Group (NYSE:OMC) last issued its 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). The business had revenue of $5.53 billion for the quarter, compared to analyst estimates of $7.58 billion. Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. Omnicom Group’s revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.41 earnings per share. On average, equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

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

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 11th will be paid 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 4.3%. Omnicom Group’s dividend payout ratio (DPR) is currently 653.06%.

Analysts Set New Price Targets

OMC has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. UBS Group lifted their price target on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Morgan Stanley started coverage on shares of 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 boosted their price target on Omnicom Group from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Argus upgraded Omnicom Group to a “hold” rating in a research report on Thursday. Four equities research 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. Based on data from MarketBeat, Omnicom Group has an average rating of “Hold” and a consensus target price of $95.86.

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.