Todd Asset Management LLC Makes New $25.49 Million Investment in Omnicom Group Inc. $OMC

Todd Asset Management LLC bought a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, HoldingsChannel.com reports. The firm bought 315,693 shares of the business services provider’s stock, valued at approximately $25,492,000.

A number of other institutional investors also recently bought and sold shares of the company. Leonard Rickey Investment Advisors P.L.L.C. boosted its position in Omnicom Group by 4.1% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock worth $305,000 after purchasing an additional 147 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in Omnicom Group by 7.9% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock worth $166,000 after purchasing an additional 149 shares in the last quarter. Wakefield Asset Management LLLP boosted its position in Omnicom Group by 2.6% during the fourth quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock worth $477,000 after purchasing an additional 149 shares in the last quarter. Impact Partnership Wealth LLC boosted its position in Omnicom Group by 3.1% during the third quarter. Impact Partnership Wealth LLC now owns 4,923 shares of the business services provider’s stock worth $401,000 after purchasing an additional 150 shares in the last quarter. Finally, Hartford Financial Management Inc. boosted its position in Omnicom Group by 27.0% during the fourth quarter. Hartford Financial Management Inc. now owns 762 shares of the business services provider’s stock worth $62,000 after purchasing an additional 162 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on OMC shares. Argus upgraded Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. UBS Group upped their price objective on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Morgan Stanley upped their price objective on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday. Finally, Barclays upped their price objective on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $93.71.

Omnicom Group Stock Performance

Omnicom Group stock opened at $74.95 on Monday. The firm has a market capitalization of $21.36 billion, a P/E ratio of 192.19, a PEG ratio of 0.45 and a beta of 0.66. The stock has a fifty day moving average price of $75.83 and a 200 day moving average price of $76.49. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week 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 earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.84 by $0.06. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The business’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share. Equities research analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Dividend Announcement

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

Omnicom Group declared that its board has approved a stock buyback plan on Wednesday, February 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the business services provider to purchase up to 38.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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.