Daiwa Securities Group Inc. Acquires 21,603 Shares of Omnicom Group Inc. $OMC

Daiwa Securities Group Inc. lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 71.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 52,020 shares of the business services provider’s stock after purchasing an additional 21,603 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Omnicom Group were worth $4,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Activest Wealth Management boosted its stake in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after acquiring an additional 296 shares during the period. Bayforest Capital Ltd bought a new position in shares of Omnicom Group during the 4th quarter worth approximately $26,000. Elyxium Wealth LLC bought a new position in shares of Omnicom Group during the 4th quarter worth approximately $26,000. Legacy Wealth Managment LLC ID boosted its stake in shares of Omnicom Group by 111.4% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in Omnicom Group during the 4th quarter worth approximately $32,000. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

Omnicom Group stock opened at $75.12 on Tuesday. The stock’s fifty day moving average price is $75.45 and its two-hundred day moving average price is $76.60. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $87.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The firm has a market cap of $21.41 billion, a PE ratio of 192.62, a price-to-earnings-growth ratio of 0.45 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the company earned $1.70 EPS. The company’s revenue was up 69.2% on a year-over-year basis. As a group, research analysts expect that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the business services provider to buy up to 38.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be paid a $0.80 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is presently 820.51%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup dropped their price target on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Argus raised Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Barclays lifted their price target on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Morgan Stanley lifted their price target on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Rothschild & Co Redburn assumed coverage on Omnicom Group in a report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Hold” and an average price target of $99.00.

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.