4,403 Shares in Omnicom Group Inc. (NYSE:OMC) Purchased by Choreo LLC

Choreo LLC bought a new position in Omnicom Group Inc. (NYSE:OMC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,403 shares of the business services provider’s stock, valued at approximately $387,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. boosted its position in Omnicom Group by 14.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 10,365 shares of the business services provider’s stock valued at $897,000 after purchasing an additional 1,321 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Omnicom Group by 12.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,277 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 137 shares during the period. Beacon Pointe Advisors LLC grew its position in shares of Omnicom Group by 638.6% during the fourth quarter. Beacon Pointe Advisors LLC now owns 22,883 shares of the business services provider’s stock worth $1,980,000 after acquiring an additional 19,785 shares during the last quarter. ING Groep NV increased its holdings in shares of Omnicom Group by 798.0% in the 4th quarter. ING Groep NV now owns 13,398 shares of the business services provider’s stock worth $1,159,000 after acquiring an additional 11,906 shares during the period. Finally, Norges Bank bought a new stake in Omnicom Group in the 4th quarter valued at about $21,424,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on OMC shares. Macquarie restated an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a research note on Wednesday, July 17th. Bank of America lifted their target price on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. Finally, UBS Group increased their price target on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One investment 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.30.

Omnicom Group Trading Up 1.1 %

Shares of OMC stock opened at $101.09 on Tuesday. The stock has a 50-day simple moving average of $95.66 and a 200 day simple moving average of $93.71. The stock has a market capitalization of $19.80 billion, a P/E ratio of 13.66, a P/E/G ratio of 2.27 and a beta of 0.94. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $102.13. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the firm posted $1.81 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, sell-side analysts expect that Omnicom Group Inc. will post 7.95 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.77%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Transactions at Omnicom Group

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the sale, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group 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.