Resources Management Corp CT ADV Purchases 860 Shares of Omnicom Group Inc. (NYSE:OMC)

Resources Management Corp CT ADV raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,326 shares of the business services provider’s stock after acquiring an additional 860 shares during the period. Resources Management Corp CT ADV’s holdings in Omnicom Group were worth $4,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new stake in Omnicom Group in the 4th quarter valued at approximately $21,424,000. UBS Group AG raised its stake in Omnicom Group by 98.3% during the 4th quarter. UBS Group AG now owns 377,748 shares of the business services provider’s stock valued at $32,679,000 after purchasing an additional 187,260 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in Omnicom Group in the 4th quarter valued at $220,000. Clearbridge Investments LLC acquired a new stake in Omnicom Group in the 4th quarter worth $502,000. Finally, EverSource Wealth Advisors LLC grew its position in Omnicom Group by 47.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 429 shares of the business services provider’s stock worth $37,000 after purchasing an additional 139 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Omnicom Group

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

Omnicom Group Stock Up 0.0 %

Shares of NYSE:OMC opened at $102.31 on Tuesday. The company has a market capitalization of $20.04 billion, a PE ratio of 13.83, a P/E/G ratio of 2.27 and a beta of 0.94. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The company’s fifty day moving average is $96.69 and its 200-day moving average is $94.15. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $104.80.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, topping 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 firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the prior year, the firm earned $1.81 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts predict that Omnicom Group Inc. will post 7.95 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued 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 yield of 2.74%. Omnicom Group’s dividend payout ratio is 37.84%.

Analysts Set New Price Targets

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

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.