Swedbank AB Has $8.53 Million Holdings in Omnicom Group Inc. $OMC

Swedbank AB increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 17.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,213 shares of the business services provider’s stock after acquiring an additional 16,685 shares during the quarter. Swedbank AB’s holdings in Omnicom Group were worth $8,526,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of OMC. Activest Wealth Management grew its position in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $26,000. Legacy Wealth Managment LLC ID boosted its stake in shares of Omnicom Group by 111.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares during the period. Finally, EFG International AG bought a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Argus upgraded Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Rothschild & Co Redburn started coverage on Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price for the company. 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 report on Friday, May 1st. UBS Group raised their price target on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Citigroup dropped their price target on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $99.38.

Omnicom Group Price Performance

NYSE:OMC traded up $1.14 during mid-day trading on Friday, reaching $81.97. The stock had a trading volume of 2,425,687 shares, compared to its average volume of 4,929,007. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The stock has a market capitalization of $23.36 billion, a PE ratio of 210.20, a P/E/G ratio of 0.48 and a beta of 0.63. 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 stock has a 50-day simple moving average of $75.29 and a two-hundred day simple moving average of $76.73.

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.06. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The company’s quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 earnings per share. On average, equities 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 declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.9%. Omnicom Group’s payout ratio is 820.51%.

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.