Epoch Investment Partners Inc. Has $64.54 Million Stake in Omnicom Group Inc. $OMC

Epoch Investment Partners Inc. boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 24.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 799,245 shares of the business services provider’s stock after buying an additional 156,232 shares during the quarter. Epoch Investment Partners Inc. owned about 0.41% of Omnicom Group worth $64,539,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management increased its position 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 during the last quarter. Bayforest Capital Ltd acquired a new position in Omnicom Group during the fourth quarter worth $26,000. Elyxium Wealth LLC acquired a new position in Omnicom Group during the fourth quarter worth $26,000. Legacy Wealth Managment LLC ID increased its position 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 during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Omnicom Group during the fourth quarter worth $32,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Up 1.2%

OMC stock opened at $76.52 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. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The company has a 50-day moving average of $75.49 and a two-hundred day moving average of $76.65. The stock has a market capitalization of $21.81 billion, a price-to-earnings ratio of 196.21, a price-to-earnings-growth ratio of 0.46 and a beta of 0.63.

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, 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 during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 10.97 EPS for the current year.

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

Omnicom Group Dividend Announcement

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. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio is 820.51%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OMC shares. 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 research report on Monday, February 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. Rothschild & Co Redburn started coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price on the stock. UBS Group upped their price target 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. Finally, Argus upgraded shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.