Twin Capital Management Inc. Grows Stock Holdings in Omnicom Group Inc. $OMC

Twin Capital Management Inc. lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 237.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,916 shares of the business services provider’s stock after purchasing an additional 11,903 shares during the period. Twin Capital Management Inc.’s holdings in Omnicom Group were worth $1,366,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Mach 1 Financial Group LLC purchased a new stake in shares of Omnicom Group during the 4th quarter worth $358,000. Sierra Summit Advisors LLC lifted its position in Omnicom Group by 2.1% in the fourth quarter. Sierra Summit Advisors LLC now owns 11,896 shares of the business services provider’s stock valued at $961,000 after acquiring an additional 245 shares during the last quarter. MJP Associates Inc. ADV lifted its position in Omnicom Group by 74.2% in the fourth quarter. MJP Associates Inc. ADV now owns 11,523 shares of the business services provider’s stock valued at $930,000 after acquiring an additional 4,909 shares during the last quarter. Leonteq Securities AG purchased a new stake in Omnicom Group in the fourth quarter valued at $83,000. Finally, Pinkerton Wealth LLC lifted its position in Omnicom Group by 1.7% in the fourth quarter. Pinkerton Wealth LLC now owns 66,647 shares of the business services provider’s stock valued at $5,382,000 after acquiring an additional 1,125 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Trading Up 0.1%

Shares of Omnicom Group stock opened at $71.93 on Thursday. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company’s 50-day simple moving average is $76.07 and its 200-day simple moving average is $76.49. The firm has a market cap of $20.50 billion, a price-to-earnings ratio of 184.43, a price-to-earnings-growth ratio of 0.43 and a beta of 0.66.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the previous year, the business posted $1.70 earnings per share. The business’s 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 earnings per share for the current year.

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

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s payout ratio is 820.51%.

Analysts Set New Price Targets

OMC has been the subject of a number of research reports. Barclays boosted their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Morgan Stanley boosted their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. UBS Group boosted their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Citigroup reduced their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $93.71.

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.