11,409 Shares in Omnicom Group Inc. $OMC Bought by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,409 shares of the business services provider’s stock, valued at approximately $921,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its holdings in Omnicom Group by 15.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 108,310 shares of the business services provider’s stock worth $8,831,000 after buying an additional 14,368 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Omnicom Group by 18.7% in the third quarter. Principal Financial Group Inc. now owns 1,877,462 shares of the business services provider’s stock valued at $153,068,000 after acquiring an additional 295,379 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in Omnicom Group in the third quarter valued at approximately $870,000. AustralianSuper Pty Ltd grew its position in Omnicom Group by 24.2% in the third quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider’s stock worth $10,579,000 after acquiring an additional 25,317 shares in the last quarter. Finally, National Pension Service grew its position in Omnicom Group by 35.3% in the third quarter. National Pension Service now owns 111,161 shares of the business services provider’s stock worth $9,063,000 after acquiring an additional 29,014 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.0%

NYSE:OMC opened at $75.31 on Thursday. The company’s 50 day moving average is $76.95 and its 200-day moving average is $76.92. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The firm has a market cap of $21.46 billion, a price-to-earnings ratio of 153.69, a P/E/G ratio of 0.62 and a beta of 0.73.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data 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 positive return on equity of 25.65% and a negative net margin of 0.32%.The firm had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the prior year, the company posted $2.41 earnings per share. Omnicom Group’s quarterly revenue was up 27.9% on a year-over-year basis. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 11th 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, March 11th. Omnicom Group’s dividend payout ratio is 653.06%.

Omnicom Group declared that its board has approved a share repurchase program on Wednesday, February 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 38.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently weighed in on OMC shares. Citigroup raised their price target on shares of Omnicom Group from $103.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 20th. Bank of America reiterated an “underperform” rating and issued a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Morgan Stanley assumed coverage on shares of Omnicom Group in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price on the stock. Barclays raised their target price on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Finally, UBS Group boosted 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. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $95.86.

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.