American Century Companies Inc. Grows Holdings in Omnicom Group Inc. (NYSE:OMC)

American Century Companies Inc. boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 997,959 shares of the business services provider’s stock after purchasing an additional 2,797 shares during the quarter. American Century Companies Inc. owned about 0.51% of Omnicom Group worth $89,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Boston Trust Walden Corp raised its position in Omnicom Group by 8.2% during the 2nd quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock worth $16,723,000 after buying an additional 14,153 shares during the last quarter. Norden Group LLC purchased a new position in Omnicom Group in the first quarter valued at approximately $1,860,000. Kodai Capital Management LP purchased a new position in Omnicom Group in the fourth quarter valued at approximately $27,419,000. Morningstar Investment Services LLC raised its holdings in Omnicom Group by 98.7% in the fourth quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock valued at $104,037,000 after buying an additional 595,746 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new position in Omnicom Group in the first quarter valued at approximately $1,534,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 1.4 %

OMC stock opened at $99.97 on Friday. Omnicom Group Inc. has a twelve month low of $72.20 and a twelve month high of $102.13. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $19.58 billion, a P/E ratio of 13.51, a PEG ratio of 2.27 and a beta of 0.94. The firm has a 50 day simple moving average of $95.43 and a 200-day simple moving average of $93.58.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter last year, the company earned $1.81 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts predict that Omnicom Group Inc. will post 7.95 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio is presently 37.84%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OMC. Bank of America raised their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. UBS Group increased their price objective on shares of Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and an average target price of $106.30.

Insiders Place Their Bets

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the transaction, the vice president now owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the transaction, the vice president now owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the transaction, the director now directly owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.