Hudson Edge Investment Partners Inc. Buys New Position in Omnicom Group Inc. $OMC

Hudson Edge Investment Partners Inc. bought a new stake in Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, Holdings Channel.com reports. The firm bought 85,363 shares of the business services provider’s stock, valued at approximately $6,893,000.

Several other institutional investors have also added to or reduced their stakes in OMC. EverSource Wealth Advisors LLC boosted its holdings in Omnicom Group by 82.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the business services provider’s stock valued at $138,000 after acquiring an additional 869 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in Omnicom Group in the second quarter valued at approximately $241,000. Gabelli Funds LLC bought a new stake in Omnicom Group in the second quarter valued at approximately $1,061,000. Daiwa Securities Group Inc. boosted its holdings in Omnicom Group by 5.3% in the second quarter. Daiwa Securities Group Inc. now owns 29,373 shares of the business services provider’s stock valued at $2,113,000 after acquiring an additional 1,482 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Omnicom Group by 14.1% in the second quarter. Sei Investments Co. now owns 361,266 shares of the business services provider’s stock valued at $25,990,000 after acquiring an additional 44,746 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

Shares of OMC opened at $78.62 on Monday. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.93. The business’s 50 day moving average price is $77.27 and its two-hundred day moving average price is $76.86. The firm has a market cap of $22.40 billion, a PE ratio of 160.44, a price-to-earnings-growth ratio of 0.60 and a beta of 0.73.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.94 by ($0.35). Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The business had revenue of $5.53 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same period last year, the firm posted $2.41 earnings per share. Omnicom Group’s quarterly revenue was up 27.9% compared to the same quarter last year. On average, equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 18th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the business services provider to purchase up to 38.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 11th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, March 11th. Omnicom Group’s dividend payout ratio is presently 653.06%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OMC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Bank of America reiterated an “underperform” rating and issued a $77.00 target price (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. UBS Group boosted their price target on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Argus raised Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Finally, Citigroup boosted their price target on Omnicom Group from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $95.86.

Omnicom Group 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.