Ilmarinen Mutual Pension Insurance Co Takes $2.52 Million Position in Omnicom Group Inc. $OMC

Ilmarinen Mutual Pension Insurance Co acquired a new stake in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 31,148 shares of the business services provider’s stock, valued at approximately $2,515,000.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management grew its holdings in Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares during the period. Bayforest Capital Ltd bought a new position 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 worth about $26,000. Cornerstone Planning Group LLC grew its holdings in Omnicom Group by 2,126.7% during the third quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock worth $27,000 after purchasing an additional 319 shares during the period. Finally, Legacy Wealth Managment LLC ID grew its holdings in Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares during the period. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

OMC has been the subject of a number of research analyst reports. UBS Group lifted their price target on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th. 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. Citigroup reduced 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. Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a research report on Thursday. They set a “neutral” rating and a $89.00 price objective for the company. Finally, Argus upgraded shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $93.13.

Omnicom Group Trading Down 1.7%

Shares of OMC stock opened at $72.82 on Friday. The firm has a 50 day moving average price of $75.48 and a two-hundred day moving average price of $76.50. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $20.75 billion, a PE ratio of 186.72, a price-to-earnings-growth ratio of 0.44 and a beta of 0.66. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $87.17.

Omnicom Group (NYSE:OMC) last announced its earnings results 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. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. The business’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 earnings per share. As a group, analysts predict that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

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

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio is presently 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.