Global Retirement Partners LLC Buys 12,028 Shares of Omnicom Group Inc. $OMC

Global Retirement Partners LLC increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 69.8% during the 4th quarter, Holdings Channel reports. The fund owned 29,251 shares of the business services provider’s stock after acquiring an additional 12,028 shares during the period. Global Retirement Partners LLC’s holdings in Omnicom Group were worth $2,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of OMC. Vanguard Group Inc. boosted its stake in Omnicom Group by 64.2% during the fourth quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock worth $3,143,930,000 after acquiring an additional 15,220,444 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Omnicom Group during the third quarter valued at about $515,145,000. Bank of New York Mellon Corp grew its holdings in shares of Omnicom Group by 73.6% during the third quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock valued at $542,376,000 after buying an additional 2,820,553 shares during the last quarter. State Street Corp grew its holdings in shares of Omnicom Group by 15.8% during the third quarter. State Street Corp now owns 16,863,327 shares of the business services provider’s stock valued at $1,384,980,000 after buying an additional 2,298,652 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Omnicom Group by 30.5% during the third quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock valued at $660,969,000 after buying an additional 1,893,316 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Up 1.6%

Shares of NYSE OMC opened at $74.95 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The company has a 50-day moving average price of $75.83 and a 200-day moving average price of $76.47. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The stock has a market capitalization of $21.36 billion, a P/E ratio of 192.19, a P/E/G ratio of 0.45 and a beta of 0.66.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $5.85 billion. During the same period last year, the firm earned $1.70 earnings per share. The firm’s revenue was up 69.2% on a year-over-year basis. On average, equities research analysts forecast that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

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

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors 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 4.3%. 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 analysts have recently issued reports on OMC shares. Citigroup reduced their price objective on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Morgan Stanley lifted their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. UBS Group lifted their price objective on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th. Barclays lifted their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Finally, Argus upgraded shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and an average price target of $93.71.

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.