Omnicom Group Inc. (NYSE:OMC) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 63.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,731 shares of the business services provider’s stock after acquiring an additional 16,918 shares during the period. Handelsbanken Fonder AB’s holdings in Omnicom Group were worth $4,521,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Richardson Financial Services Inc. purchased a new position in Omnicom Group in the 4th quarter valued at approximately $29,000. Davis Capital Management acquired a new stake in Omnicom Group in the third quarter valued at $36,000. Innealta Capital LLC purchased a new position in shares of Omnicom Group in the second quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Omnicom Group during the 2nd quarter worth $33,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Omnicom Group in the 1st quarter worth about $50,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on OMC shares. JPMorgan Chase & Co. upped their price target on shares of Omnicom Group from $106.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Macquarie reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Omnicom Group in a research note on Wednesday, July 17th. UBS Group raised their price target on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, 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 report on Thursday, September 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.30.

Insider Transactions at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. 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 other news, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction 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 owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the company’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 approximately $1,524,738.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

Omnicom Group stock opened at $101.48 on Wednesday. The stock has a fifty day moving average price of $98.51 and a 200 day moving average price of $94.74. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. Omnicom Group Inc. has a 52 week low of $73.28 and a 52 week high of $104.80. The firm has a market capitalization of $19.87 billion, a P/E ratio of 13.71, a PEG ratio of 2.38 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, beating 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 company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the company posted $1.81 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that Omnicom Group Inc. will post 7.88 earnings per share for the current 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 paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.76%. Omnicom Group’s dividend payout ratio is presently 37.84%.

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.