Northwestern Mutual Wealth Management Co. Has $1.61 Million Holdings in Omnicom Group Inc. $OMC

Northwestern Mutual Wealth Management Co. boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 302.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,936 shares of the business services provider’s stock after purchasing an additional 14,982 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Omnicom Group were worth $1,610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ilmarinen Mutual Pension Insurance Co acquired a new position in Omnicom Group in the fourth quarter valued at about $2,515,000. Houlihan Financial Resource Group Ltd. bought a new position in Omnicom Group in the fourth quarter valued at about $363,000. IFG Advisory LLC grew its position in Omnicom Group by 4.0% in the fourth quarter. IFG Advisory LLC now owns 63,848 shares of the business services provider’s stock valued at $5,156,000 after acquiring an additional 2,434 shares during the last quarter. Huntington National Bank grew its position in Omnicom Group by 16.6% in the fourth quarter. Huntington National Bank now owns 24,521 shares of the business services provider’s stock valued at $1,980,000 after acquiring an additional 3,488 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its position in Omnicom Group by 165.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,471 shares of the business services provider’s stock valued at $603,000 after acquiring an additional 4,659 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of recent analyst reports. Barclays lifted their target price on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. The Goldman Sachs Group initiated coverage on Omnicom Group in a research report on Wednesday. They issued a “buy” rating and a $146.00 target price on the stock. Citigroup decreased their target price on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. UBS Group lifted their target price on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Morgan Stanley lifted their target price on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Five 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $99.00.

Omnicom Group Stock Performance

NYSE:OMC opened at $75.28 on Friday. The stock has a market cap of $21.46 billion, a P/E ratio of 193.03, a price-to-earnings-growth ratio of 0.45 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock’s 50-day moving average is $75.45 and its 200-day moving average is $76.57. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $87.17.

Omnicom Group (NYSE:OMC) last released its quarterly 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 company had revenue of $6.24 billion for 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 business’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 earnings per share. Equities research analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Announces Dividend

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 issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s payout ratio is 820.51%.

Omnicom Group announced that its board has authorized a stock buyback 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 repurchase up to 38.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.