Swedbank AB Purchases 33,489 Shares of Omnicom Group Inc. $OMC

Swedbank AB lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 53.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,528 shares of the business services provider’s stock after purchasing an additional 33,489 shares during the period. Swedbank AB’s holdings in Omnicom Group were worth $7,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 15,220,444 shares during the period. State Street Corp increased its stake 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 worth $1,384,980,000 after purchasing an additional 2,298,652 shares during the period. JPMorgan Chase & Co. increased its stake 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 worth $660,969,000 after purchasing an additional 1,893,316 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Omnicom Group by 5.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,870,437 shares of the business services provider’s stock worth $635,538,000 after purchasing an additional 433,461 shares during the period. Finally, Bank of New York Mellon Corp increased its stake 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 worth $542,376,000 after purchasing an additional 2,820,553 shares during the period. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

OMC has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday. Barclays increased their target price on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Citigroup lowered their price objective on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, UBS Group raised their price objective on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Omnicom Group presently has a consensus rating of “Hold” and an average price target of $93.71.

Omnicom Group Price Performance

Omnicom Group stock opened at $74.36 on Wednesday. The stock’s fifty day moving average price is $75.71 and its two-hundred day moving average price is $76.51. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $87.17. 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 firm has a market cap of $21.19 billion, a PE ratio of 190.67, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the company earned $1.70 EPS. The company’s revenue was up 69.2% on a year-over-year basis. As a group, research analysts expect that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

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

Omnicom Group announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the business services provider to buy up to 38.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Omnicom Group Company 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.