AE Wealth Management LLC Has $16.09 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

AE Wealth Management LLC boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 8.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,392 shares of the business services provider’s stock after purchasing an additional 13,230 shares during the period. AE Wealth Management LLC owned 0.09% of Omnicom Group worth $16,091,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bridges Investment Management Inc. bought a new position in Omnicom Group during the second quarter valued at about $1,291,000. Benjamin F. Edwards & Company Inc. boosted its position in Omnicom Group by 10.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 17,589 shares of the business services provider’s stock valued at $1,578,000 after buying an additional 1,638 shares during the last quarter. ProVise Management Group LLC boosted its position in Omnicom Group by 4.5% in the 2nd quarter. ProVise Management Group LLC now owns 91,007 shares of the business services provider’s stock valued at $8,163,000 after buying an additional 3,925 shares during the last quarter. Richardson Financial Services Inc. boosted its position in shares of Omnicom Group by 66.3% in the 2nd quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider’s stock worth $50,000 after purchasing an additional 224 shares during the last quarter. Finally, WCG Wealth Advisors LLC bought a new position in shares of Omnicom Group in the 2nd quarter worth $933,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Omnicom Group

In related news, Director Linda Johnson Rice sold 488 shares of the business’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 sale, the director now owns 10,356 shares of the company’s stock, valued at $941,153.28. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the sale, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda Johnson Rice sold 488 shares of the stock in a transaction dated 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. Company insiders own 1.30% of the company’s stock.

Omnicom Group Trading Down 0.9 %

Omnicom Group stock opened at $102.30 on Friday. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $104.80. 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 stock has a market capitalization of $20.03 billion, a P/E ratio of 13.82, a PEG ratio of 2.27 and a beta of 0.94. The stock has a 50-day simple moving average of $96.52 and a 200 day simple moving average of $94.03.

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

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders 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 annualized dividend and a yield of 2.74%. Omnicom Group’s dividend payout ratio is currently 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.