Bradley Foster & Sargent Inc. CT Reduces Stake in Omnicom Group Inc. (NYSE:OMC)

Bradley Foster & Sargent Inc. CT lowered its holdings in Omnicom Group Inc. (NYSE:OMC) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,525 shares of the business services provider’s stock after selling 675 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Omnicom Group were worth $1,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OMC. Center For Asset Management LLC raised its position in shares of Omnicom Group by 2.6% in the 2nd quarter. Center For Asset Management LLC now owns 4,277 shares of the business services provider’s stock worth $384,000 after acquiring an additional 107 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Omnicom Group by 2.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock worth $413,000 after acquiring an additional 119 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Omnicom Group by 18.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the business services provider’s stock worth $70,000 after acquiring an additional 119 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Omnicom Group by 2.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the business services provider’s stock worth $594,000 after acquiring an additional 122 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Omnicom Group by 1.8% in the 2nd quarter. Parallel Advisors LLC now owns 7,184 shares of the business services provider’s stock worth $644,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

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

Omnicom Group Stock Up 0.9 %

Omnicom Group stock opened at $102.61 on Thursday. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 2.27 and a beta of 0.94. The stock has a fifty day simple moving average of $96.11 and a two-hundred day simple moving average of $93.87. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $103.58. 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 (NYSE:OMC) last posted its earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.81 EPS. Equities analysts predict that Omnicom Group Inc. will post 7.95 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced 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 dividend yield of 2.73%. The ex-dividend date is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

Insider Transactions at Omnicom Group

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s 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 directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s 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 directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction, the director now owns 10,356 shares in the company, valued at $941,153.28. The disclosure for this sale can be found here. Company 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.