Vise Technologies Inc. Purchases Shares of 20,017 Omnicom Group Inc. $OMC

Vise Technologies Inc. acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,017 shares of the business services provider’s stock, valued at approximately $1,458,000.

Other large investors have also bought and sold shares of the company. Resona Asset Management Co. Ltd. boosted its stake in Omnicom Group by 55.4% during the 4th quarter. Resona Asset Management Co. Ltd. now owns 98,842 shares of the business services provider’s stock valued at $7,976,000 after purchasing an additional 35,247 shares during the last quarter. Generali Asset Management SPA SGR lifted its stake in Omnicom Group by 346.0% during the 4th quarter. Generali Asset Management SPA SGR now owns 20,580 shares of the business services provider’s stock valued at $1,662,000 after acquiring an additional 15,966 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Omnicom Group by 70.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 674,065 shares of the business services provider’s stock worth $54,815,000 after acquiring an additional 277,665 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Omnicom Group by 70.2% during the 4th quarter. New York State Teachers Retirement System now owns 251,174 shares of the business services provider’s stock worth $20,282,000 after acquiring an additional 103,615 shares during the last quarter. Finally, Swiss Life Asset Management Ltd raised its holdings in shares of Omnicom Group by 901.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 481,765 shares of the business services provider’s stock valued at $38,903,000 after purchasing an additional 433,654 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

Shares of OMC stock opened at $87.87 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. The firm has a market cap of $24.11 billion, a price-to-earnings ratio of 75.75, a P/E/G ratio of 0.58 and a beta of 0.64. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $88.55. The firm’s 50-day simple moving average is $80.34 and its two-hundred day simple moving average is $77.57.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The company had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the firm posted $2.05 EPS. The company’s revenue for the quarter was up 63.4% compared to the same quarter last year. As a group, equities analysts forecast that Omnicom Group Inc. will post 10.35 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. Omnicom Group’s payout ratio is presently 275.86%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OMC. The Goldman Sachs Group began coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective for the company. Weiss Ratings raised Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Morgan Stanley increased their price target 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. Citigroup dropped their price target on Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Zacks Research downgraded Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $99.00.

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.