Greenup Street Wealth Management LLC Buys 23,458 Shares of Omnicom Group Inc. $OMC

Greenup Street Wealth Management LLC grew its stake in Omnicom Group Inc. (NYSE:OMC) by 661.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 27,005 shares of the business services provider’s stock after buying an additional 23,458 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Omnicom Group were worth $2,034,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. AustralianSuper Pty Ltd increased its stake in shares of Omnicom Group by 24.2% in the third quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider’s stock worth $10,579,000 after buying an additional 25,317 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Omnicom Group by 3.7% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 396,400 shares of the business services provider’s stock valued at $32,318,000 after buying an additional 14,155 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Omnicom Group by 155.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 91,116 shares of the business services provider’s stock valued at $7,265,000 after buying an additional 55,421 shares during the period. AIA Group Ltd purchased a new stake in Omnicom Group during the 3rd quarter valued at $1,376,000. Finally, Nordea Investment Management AB grew its holdings in Omnicom Group by 2,103.2% in the 4th quarter. Nordea Investment Management AB now owns 411,049 shares of the business services provider’s stock worth $33,262,000 after acquiring an additional 392,392 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. UBS Group increased their target price 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Argus upgraded Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Finally, The Goldman Sachs Group assumed coverage on Omnicom Group in a research report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price target for the company. Five investment 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. Based on data from MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and an average target price of $99.00.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $73.82 on Thursday. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The stock has a market capitalization of $21.04 billion, a P/E ratio of 189.30, a P/E/G ratio of 0.44 and a beta of 0.63. The company’s 50-day moving average is $75.26 and its 200 day moving average is $76.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.84 by $0.06. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. Omnicom Group’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the business posted $1.70 earnings per share. On average, sell-side analysts expect that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Dividend Announcement

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. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is presently 820.51%.

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.