Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 27.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,740 shares of the business services provider’s stock after acquiring an additional 800 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Omnicom Group were worth $335,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Boston Partners boosted its position in shares of Omnicom Group by 11.0% during the 1st quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock worth $374,795,000 after acquiring an additional 383,560 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Omnicom Group by 37.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock worth $296,717,000 after acquiring an additional 892,494 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Omnicom Group by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider’s stock valued at $269,734,000 after purchasing an additional 165,136 shares during the period. First Trust Advisors LP boosted its position in shares of Omnicom Group by 7.7% in the 4th quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider’s stock valued at $224,832,000 after purchasing an additional 186,562 shares during the period. Finally, Cooke & Bieler LP boosted its position in shares of Omnicom Group by 4.8% in the 2nd quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider’s stock valued at $215,249,000 after purchasing an additional 109,406 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the 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 owns 15,375 shares in the company, valued at approximately $1,524,738.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Linda Johnson Rice sold 488 shares of the 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 in the company, valued at approximately $941,153.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Omnicom Group Stock Performance

Shares of OMC stock opened at $102.30 on Friday. The company has a market cap of $20.03 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth 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 $94.06. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $104.80. 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 issued its earnings results 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. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 EPS. On average, equities analysts forecast that Omnicom Group Inc. will post 7.95 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, September 20th. Omnicom Group’s payout ratio is currently 37.84%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OMC shares. 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. Bank of America upped their target price on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research report on Thursday, September 5th. Finally, UBS Group upped their target price 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 analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $106.30.

About Omnicom Group

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.