Sivia Capital Partners LLC Purchases Shares of 12,657 Omnicom Group Inc. $OMC

Sivia Capital Partners LLC purchased a new stake in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 12,657 shares of the business services provider’s stock, valued at approximately $1,022,000.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Omnicom Group by 64.2% in the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after purchasing an additional 15,220,444 shares during the period. State Street Corp raised its position in shares of Omnicom Group by 15.8% during the 3rd 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of Omnicom Group by 69.6% during the 4th quarter. Bank of New York Mellon Corp now owns 11,283,863 shares of the business services provider’s stock valued at $911,172,000 after buying an additional 4,631,394 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Omnicom Group by 57.1% during the 4th quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock valued at $690,327,000 after buying an additional 3,117,188 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Omnicom Group by 30.5% during the 3rd 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 in the last quarter. 91.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OMC has been the topic of several research reports. Morgan Stanley raised their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a research report on Wednesday. They set a “buy” rating and a $146.00 price objective on the stock. Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective on the stock. Argus upgraded shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Finally, Barclays raised their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $99.00.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $73.67 on Thursday. The stock has a market cap of $21.00 billion, a PE ratio of 188.91, a PEG ratio of 0.45 and a beta of 0.63. The company’s fifty day moving average is $75.45 and its 200 day moving average is $76.55. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $87.17. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Omnicom Group (NYSE:OMC) last issued its earnings results 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. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The firm’s revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS. Research analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be given a $0.80 dividend. 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 presently 820.51%.

Omnicom Group declared that its Board of Directors has approved a share repurchase program 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 reacquire up to 38.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are 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.