Sivia Capital Partners LLC Acquires Shares of 12,657 Omnicom Group Inc. $OMC

Sivia Capital Partners LLC acquired a new stake in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,657 shares of the business services provider’s stock, valued at approximately $1,022,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMC. EverSource Wealth Advisors LLC grew its position in shares of Omnicom Group by 82.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the business services provider’s stock valued at $138,000 after acquiring an additional 869 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Omnicom Group during the 2nd quarter valued at approximately $241,000. Gabelli Funds LLC bought a new position in shares of Omnicom Group during the 2nd quarter valued at approximately $1,061,000. Daiwa Securities Group Inc. grew its position in shares of Omnicom Group by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 29,373 shares of the business services provider’s stock valued at $2,113,000 after acquiring an additional 1,482 shares during the period. Finally, Sei Investments Co. grew its position in shares of Omnicom Group by 14.1% during the 2nd quarter. Sei Investments Co. now owns 361,266 shares of the business services provider’s stock valued at $25,990,000 after acquiring an additional 44,746 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Down 2.1%

OMC opened at $73.67 on Thursday. The company has a 50 day moving average of $75.45 and a 200 day moving average of $76.55. The company has a market cap of $21.00 billion, a PE ratio of 188.91, a price-to-earnings-growth ratio of 0.45 and a beta of 0.63. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. 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 released 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 company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. Omnicom Group’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period last year, the firm earned $1.70 EPS. On average, sell-side analysts expect that Omnicom Group Inc. will post 10.97 EPS for the current year.

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

Omnicom Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OMC. Barclays increased their target price on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. UBS Group increased their target price on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 20th. The Goldman Sachs Group began coverage on shares of Omnicom Group in a research report on Wednesday. They set a “buy” rating and a $146.00 target price for the company. Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price for the company. Finally, Argus raised shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $99.00.

Omnicom Group Company 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.