Peoples Bank KS Has $800,000 Stock Position in Omnicom Group Inc. (NYSE:OMC)

Peoples Bank KS cut its stake in Omnicom Group Inc. (NYSE:OMC) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,740 shares of the business services provider’s stock after selling 190 shares during the period. Peoples Bank KS’s holdings in Omnicom Group were worth $800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of OMC. Center For Asset Management LLC grew its position in Omnicom Group by 2.6% during the second quarter. Center For Asset Management LLC now owns 4,277 shares of the business services provider’s stock worth $384,000 after buying an additional 107 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Omnicom Group by 1.1% during the third quarter. Park Avenue Securities LLC now owns 10,151 shares of the business services provider’s stock valued at $1,049,000 after purchasing an additional 113 shares during the period. Concurrent Investment Advisors LLC increased its position in shares of Omnicom Group by 2.9% during the first quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock valued at $413,000 after purchasing an additional 119 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in Omnicom Group by 18.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the business services provider’s stock worth $70,000 after purchasing an additional 119 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Omnicom Group by 2.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the business services provider’s stock worth $594,000 after buying an additional 122 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OMC. Macquarie reiterated an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a research report on Wednesday, July 17th. Bank of America upped their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their price target on Omnicom Group from $106.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, UBS Group increased their price objective 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.30.

Omnicom Group Price Performance

Shares of OMC traded up $0.53 during mid-day trading on Friday, hitting $101.55. 725,523 shares of the company traded hands, compared to its average volume of 1,535,981. 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 stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 2.38 and a beta of 0.94. The business has a 50-day moving average of $98.28 and a 200 day moving average of $94.62. Omnicom Group Inc. has a one year low of $72.62 and a one year high of $104.80.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.88 by $0.07. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.81 EPS. As a group, equities analysts expect that Omnicom Group Inc. will post 7.88 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. Stockholders of record on Friday, September 20th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Friday, September 20th. Omnicom Group’s dividend payout ratio is 37.84%.

Insider Transactions at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the firm’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 value of $44,349.44. Following the transaction, the director now directly owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $90.88, for a total value of $44,349.44. Following the transaction, the director now owns 10,356 shares in the company, valued at approximately $941,153.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is 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.