Omnicom Group Inc. $OMC Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Omnicom Group Inc. (NYSE:OMC) by 163.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,234 shares of the business services provider’s stock after acquiring an additional 19,980 shares during the quarter. SG Americas Securities LLC’s holdings in Omnicom Group were worth $2,628,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. HB Wealth Management LLC lifted its position in shares of Omnicom Group by 12.0% during the 3rd quarter. HB Wealth Management LLC now owns 6,057 shares of the business services provider’s stock worth $494,000 after purchasing an additional 648 shares during the last quarter. CX Institutional increased its holdings in Omnicom Group by 330.2% in the third quarter. CX Institutional now owns 7,314 shares of the business services provider’s stock valued at $596,000 after buying an additional 5,614 shares during the last quarter. Park Avenue Securities LLC raised its stake in Omnicom Group by 31.1% in the third quarter. Park Avenue Securities LLC now owns 11,653 shares of the business services provider’s stock valued at $950,000 after buying an additional 2,767 shares in the last quarter. Greenleaf Trust lifted its holdings in Omnicom Group by 1.7% during the 3rd quarter. Greenleaf Trust now owns 18,818 shares of the business services provider’s stock worth $1,534,000 after buying an additional 311 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Omnicom Group by 4.3% during the 3rd quarter. Geneos Wealth Management Inc. now owns 3,746 shares of the business services provider’s stock worth $305,000 after acquiring an additional 156 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OMC. Bank of America reissued an “underperform” rating and set a $77.00 target price (down previously from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. UBS Group raised their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Barclays increased their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $92.14.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $77.43 on Wednesday. The firm’s fifty day simple moving average is $76.27 and its 200-day simple moving average is $76.13. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.30 and a beta of 0.74. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $89.35. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. Omnicom Group’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.03 EPS. As a group, equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were given a $0.80 dividend. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, December 19th. This represents a $3.20 annualized dividend and a yield of 4.1%. Omnicom Group’s payout ratio is presently 47.27%.

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.