Deutsche Bank AG Purchases New Stake in Omnicom Group Inc. $OMC

Deutsche Bank AG acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,447,240 shares of the business services provider’s stock, valued at approximately $105,402,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management raised its holdings in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after acquiring an additional 296 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Omnicom Group during the 4th quarter valued at about $26,000. Elyxium Wealth LLC purchased a new stake in shares of Omnicom Group in the fourth quarter valued at about $26,000. Legacy Wealth Managment LLC ID grew its holdings in shares of Omnicom Group by 111.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the period. Finally, EFG International AG acquired a new stake in Omnicom Group during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE OMC opened at $87.38 on Thursday. The stock has a fifty day simple moving average of $79.89 and a 200-day simple moving average of $77.43. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97. The stock has a market cap of $23.97 billion, a PE ratio of 75.33, a P/E/G ratio of 0.57 and a beta of 0.64. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $88.55.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The company had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter last year, the firm posted $2.05 earnings per share. The firm’s quarterly revenue was up 63.4% on a year-over-year basis. Equities analysts anticipate that Omnicom Group Inc. will post 10.35 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.7%. Omnicom Group’s dividend payout ratio (DPR) is currently 275.86%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target for the company. Zacks Research downgraded shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Morgan Stanley raised their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $99.00.

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.