SG Americas Securities LLC Acquires 383,001 Shares of Omnicom Group Inc. $OMC

SG Americas Securities LLC grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 259.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 530,862 shares of the business services provider’s stock after buying an additional 383,001 shares during the quarter. SG Americas Securities LLC’s holdings in Omnicom Group were worth $39,979,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in Omnicom Group by 64.2% during the 4th 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 in the last quarter. State Street Corp increased its position in Omnicom Group by 40.4% in the 4th quarter. State Street Corp now owns 23,676,768 shares of the business services provider’s stock valued at $1,933,891,000 after acquiring an additional 6,813,441 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Omnicom Group in the third quarter worth about $515,145,000. Bank of New York Mellon Corp raised its stake in shares of 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 acquiring an additional 4,631,394 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Omnicom Group by 522.9% during the fourth quarter. Wellington Management Group LLP now owns 5,199,477 shares of the business services provider’s stock worth $419,858,000 after purchasing an additional 4,364,797 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OMC shares. Morgan Stanley raised their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. UBS Group upped their price objective on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th. The Goldman Sachs Group assumed coverage on Omnicom Group in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 target price for the company. 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. Finally, Argus upgraded Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $99.00.

Omnicom Group Trading Up 0.9%

Shares of NYSE OMC opened at $73.18 on Wednesday. The company’s 50 day simple moving average is $75.30 and its 200 day simple moving average is $76.78. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17. The firm has a market capitalization of $20.86 billion, a P/E ratio of 187.65, a P/E/G ratio of 0.43 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.

Omnicom Group (NYSE:OMC) last released 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 firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 EPS. On average, analysts predict that Omnicom Group Inc. will post 10.97 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is currently 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.