SG Americas Securities LLC Has $39.98 Million Holdings in Omnicom Group Inc. $OMC

SG Americas Securities LLC raised its stake in Omnicom Group Inc. (NYSE:OMC) by 259.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 530,862 shares of the business services provider’s stock after purchasing an additional 383,001 shares during the period. SG Americas Securities LLC owned approximately 0.19% of Omnicom Group worth $39,979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Activest Wealth Management raised its position in shares of Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after buying an additional 296 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Omnicom Group during the fourth quarter worth about $26,000. Elyxium Wealth LLC bought a new position in Omnicom Group during the fourth quarter valued at about $26,000. Legacy Wealth Managment LLC ID raised its holdings in Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares in the last quarter. Finally, EFG International AG acquired a new position in Omnicom Group in the 4th quarter valued at approximately $28,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OMC has been the topic of several recent research reports. Argus raised Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Citigroup cut their target price on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a research note on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price target on the stock. Finally, UBS Group boosted their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $99.00.

Omnicom Group Stock Up 0.9%

NYSE OMC opened at $73.18 on Wednesday. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $87.17. The company has a market capitalization of $20.86 billion, a price-to-earnings ratio of 187.65, a PEG ratio of 0.43 and a beta of 0.63. The stock’s 50 day moving average is $75.30 and its two-hundred day moving average is $76.78. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

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

Omnicom Group Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 4.4%. Omnicom Group’s payout ratio is 820.51%.

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.