Van Lanschot Kempen Investment Management N.V. Raises Stake in Omnicom Group Inc. $OMC

Van Lanschot Kempen Investment Management N.V. grew its position in Omnicom Group Inc. (NYSE:OMC) by 1.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 431,642 shares of the business services provider’s stock after buying an additional 6,981 shares during the period. Van Lanschot Kempen Investment Management N.V. owned approximately 0.22% of Omnicom Group worth $34,855,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Omnicom Group by 64.2% in 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 buying an additional 15,220,444 shares during the last quarter. State Street Corp raised its holdings in Omnicom Group by 15.8% in 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 buying an additional 2,298,652 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Omnicom Group by 69.6% in the fourth quarter. Bank of New York Mellon Corp now owns 11,283,863 shares of the business services provider’s stock worth $911,172,000 after buying an additional 4,631,394 shares during the last quarter. Geode Capital Management LLC raised its holdings in Omnicom Group by 57.1% in the fourth quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock worth $690,327,000 after buying an additional 3,117,188 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Omnicom Group by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock worth $660,969,000 after buying an additional 1,893,316 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 1.2%

OMC opened at $76.52 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average price of $75.49 and a 200-day moving average price of $76.65. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $87.17. The stock has a market capitalization of $21.81 billion, a price-to-earnings ratio of 196.21, a PEG ratio of 0.45 and a beta of 0.63.

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

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s payout ratio is presently 820.51%.

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

Analysts Set New Price Targets

OMC has been the subject of several recent analyst reports. Argus raised shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Barclays lifted 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. Citigroup decreased their target price 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. Finally, Morgan Stanley lifted their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $99.00.

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.