Omnicom Group Inc
Why Accenture Has Acquired Adaptly
Accenture entered into the practice of digital ad-buying last year and became a potential threat to ad agencies such as Omnicom and WPP.
Omnicom Group: S&P 500’s Top Loser on February 15
After gaining for seven consecutive trading days, Omnicom Group started lower on Thursday and ended the day with losses.
Why Google Is Not in Favor of Ad Agency Disintermediation
In the cloud computing industry, Google is behind market leaders Amazon (AMZN) and Microsoft (MSFT) and it is trying many strategies to bolster its position.
Is Google Considering Bypassing Advertising Middlemen?
Alphabet’s (GOOGL) Google is one of the world’s largest digital advertising platforms.
Deere: The World’s Largest Agriculture Machinery Company
Deere & Company (DE) has a market capitalization of ~$25 billion. It’s the world’s largest maker of farm equipment.
UBS Group Funding Issued the Most High-Grade Bonds Last Week
UBS Group Funding (Jersey), a subsidiary of UBS Group AG (UBS), issued BBB+ rated high-grade bonds worth $5.0 billion via three parts on March 29.
How Does Interpublic Group of Companies Compare to Its Peers?
The PowerShares Dynamic Media ETF (PBS) invests 2.8% of its holdings in Interpublic Group.
Interpublic Group Reported Mixed Quarterly Results in 3Q15
After its 3Q15 earnings report, Interpublic Group of Companies rose by 1.5% to close at $21.72 per share on October 21, 2015.
September 2015 FOMC Minutes Highlighted Economic Growth
The US economy rose by 3.9% in 2Q15, according to the third estimate by the Bureau of Economic Analysis on September 25.
Why Monitoring US Net Exports May Be Crucial Right Now
A country’s net exports measure the value of total exports minus the value of its total imports. This indicator is positive if exports are larger in value than imports; otherwise, it is negative.
YouTube Is Becoming a Major Growth Driver for Google
During a conference call to announce its 2Q15 earnings, Google’s management mentioned that watch time on YouTube has grown by 60%.
US Economic Growth: What a Difference a Quarter Can Make!
When 2015 began, most market participants were hopeful about a mid-2015 rate hike. US economic growth was looking good.
All Eyes on the US Dollar
If Europe and Japan see signs of weakness again, their easing measures will persist and may even warrant an increase. This can put upward pressure on the dollar.
GAMCO Investors raises its position in Interpublic Group
GAMCO Investors increased its position in the Interpublic Group of Companies Inc. (IPG) during third quarter. The position accounted for 0.56% of the fund’s 3Q14 portfolio.
Why Davidson Kempner eliminates position in JPMorgan Chase
Davidson Kempner exited a position in JPMorgan Chase & Co. (JPM) that accounted for 1.29% of the fund’s 1Q14 portfolio. This position was initiated in 1Q14. JPMorgan Chase is a leading global financial services firm. It has $2.5 trillion assets. It has operations worldwide.
Must-know: Davidson Kempner sells stake in Omnicom
Davidson Kempner exited a position in Omnicom (OMC) that accounted for 1.93% of the fund’s 1Q14 portfolio. The position was initiated in 1Q14. Omnicom is a leading global advertising, marketing, and corporate communications company. It offers its services to over 5,000 clients in more than 100 countries.
Why Davidson Kempner initiates new position in Newell Rubbermaid
Davidson Kempner initiated a new position in Newell Rubbermaid (NWL) that accounted for 1.22% of the fund’s 2Q14 portfolio. Newell Rubbermaid is a global marketer of consumer and commercial products. The products include writing instruments, consumer products for home, tools like hand tools, and power tool accessories.
Why Davidson Kempner adds new position in WL Ross Holding
Davidson Kempner initiated a new position in WL Ross Holding (WLRH) that accounted for 1.85% of the fund’s 2Q14 portfolio. WL Ross is a newly organized blank check company. It was formed by billionaire Wilbur Ross. It was formed to affect a merger, capital stock exchange, asset acquisition, stock repurchase, stock purchase, reorganization, or similar business combination with one or more businesses.
Why Davidson Kempner adds new position in Ally Financial
Davidson Kempner initiated a new position in Ally Financial Inc. (ALLY) that accounted for 5.5% of the fund’s 2Q14 portfolio. Ally Financial is currently the second largest position in the fund’s portfolio. Ally Financial is an automotive financial services company. It has ~95 years of experience.
Overview: Davidson Kempner Capital Management’s 2Q14 positions
Davidson Kempner Capital Management LLC is a hedge fund manager. It manages ~$22 billion in assets. In 2Q14, Davidson Kempner Capital added new positions in Ally Financial Inc. (ALLY), WL Ross Holding (or WLRH), Newell Rubbermaid (NWL), and B/E Aerospace (BEAV).
Must-know: Interpublic’s performance versus its ad agency peers
IPG has a lower dividend yield compared to WPP and Omnicom, which raised its quarterly dividend in May by 25% to $0.50 per share—IPG also raised its dividend earlier this year by 27% to $0.095 per share quarterly or $0.38 annually.
Why international acquisitions could expand Interpublic
According to news reports, IPG was rumored to be an attractive takeover candidate for its peers, especially the Japanese media network Dentsu (DNTUY), France-based Havas (HAVSF), or larger peer Publicis (PUBGY).
Why margin improvement is a priority for Interpublic
The company said its “financial goals include competitive organic revenue growth and operating margin expansion, which we expect will further strengthen our balance sheet and total liquidity and increase value to our shareholders.”
Elliott Management goes activist on Interpublic Group
A 13D filing said that Elliott believes IPG is undervalued and represents an attractive investment opportunity. The fund said it “seeks to engage in a constructive dialogue” with the board “regarding steps to maximize shareholder value.”
Why Google’s Preferred Video program is driving YouTube’s growth
Its contribution towards Google’s net ad revenues has increased from 2.2% in 2011 to 5.1% in 2013.
Must-know: Davidson Kempner disposes position in Apple
Apple saw its shares soar in April after it expanded its share repurchase program to $90 billion from the $60 billion level announced last year.
Why Davidson Kempner adds new position in Vitamin Shoppe
Vitamin Shoppe said in its annual filing that the Vitamins, Minerals, and Supplements (VMS) industry in the U.S. is highly fragmented.
Why Davidson Kempner initiates new position in Brunswick Corp.
Brunswick is a leading global designer, manufacturer, and marketer of recreation products including marine engines, boats, fitness equipment, and bowling and billiards equipment.
Davidson Kempner adds convertible bond position in Alpha Natural Resources
Despite the challenging conditions for the coal industry, ANR beat estimates for 1Q14.
Must-know: Davidson Kempner exits position in Perrigo
Perrigo acquired Irish biotech company Elan last year for $8.6 billion.
Davidson Kempner Capital Management’s 1Q14 positions
The company’s reportable first quarter portfolio totaled $2.20 billion— down from $ 2.59 billion in the 4Q13.
Why did AQR Capital Management increase its stake in Facebook?
AQR Capital upped its stake in Facebook, Inc. (FB) by 3,444,423 shares in 4Q from 477,636 shares in 3Q.
Why AQR Capital bought a stake in Gaming and Leisure Properties
AQR opened a brand new position in Gaming and Leisure Properties (GLPI) that accounts for 0.12% of the fund’s 4Q portfolio.
Why AQR Capital Management chose to open a position in Vodafone
AQR Capital started a new position in Vodafone Group plc that accounts for 0.44% of the fund’s 4Q portfolio.