Northwestern Mutual Wealth Management Co. Has $2.61 Million Holdings in Omnicom Group Inc. $OMC

Northwestern Mutual Wealth Management Co. boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 553.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,364 shares of the business services provider’s stock after buying an additional 27,410 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Omnicom Group were worth $2,613,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of OMC. Activest Wealth Management grew its stake 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 buying an additional 296 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Omnicom Group during the fourth quarter worth about $26,000. Cornerstone Planning Group LLC grew its stake 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 buying an additional 319 shares in the last quarter. Legacy Wealth Managment LLC ID grew its stake 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 buying an additional 176 shares in the last quarter. Finally, Westside Investment Management Inc. grew its stake in Omnicom Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock worth $31,000 after buying an additional 202 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OMC shares. Morgan Stanley increased their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Citigroup reduced their price objective on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a report on Friday. UBS Group increased their target price on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Finally, Barclays increased their target price on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Four 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $93.71.

Omnicom Group Stock Up 0.0%

Shares of NYSE OMC opened at $74.95 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company has a 50 day simple moving average of $75.78 and a 200 day simple moving average of $76.50. The firm has a market cap of $21.36 billion, a PE ratio of 192.19, a price-to-earnings-growth 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 (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 firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the business earned $1.70 EPS. The company’s revenue was up 69.2% compared to the same quarter last year. On average, research analysts forecast that Omnicom Group Inc. will post 10.97 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.80 per share. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 annualized dividend and a yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is presently 820.51%.

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

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.