Cetera Investment Advisers Buys 3,464 Shares of Omnicom Group Inc. (NYSE:OMC)

Cetera Investment Advisers increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 2.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,979 shares of the business services provider’s stock after buying an additional 3,464 shares during the period. Cetera Investment Advisers owned 0.07% of Omnicom Group worth $11,749,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in OMC. J. W. Coons Advisors LLC increased its position in shares of Omnicom Group by 11.9% during the fourth quarter. J. W. Coons Advisors LLC now owns 9,693 shares of the business services provider’s stock worth $839,000 after acquiring an additional 1,031 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of Omnicom Group in the 4th quarter valued at $206,000. Royal London Asset Management Ltd. increased its stake in Omnicom Group by 2.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 77,837 shares of the business services provider’s stock valued at $6,734,000 after purchasing an additional 1,825 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Omnicom Group by 25.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 29,709 shares of the business services provider’s stock valued at $2,570,000 after buying an additional 5,959 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Omnicom Group by 94.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 21,752 shares of the business services provider’s stock valued at $1,882,000 after acquiring an additional 10,542 shares during the period. Institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Macquarie reissued an “outperform” rating and issued a $110.00 target price on shares of Omnicom Group in a research note on Wednesday, July 17th. JPMorgan Chase & Co. raised their price target on shares of Omnicom Group from $106.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. UBS Group upped their price target on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Bank of America upped their price target on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average target price of $107.30.

Insider Activity

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the transaction, the vice president now directly owns 15,375 shares in the company, valued at $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 is available through the SEC website. In other Omnicom Group news, 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 value of $297,510.00. Following the completion of the transaction, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda Johnson Rice sold 488 shares of the 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 sale, the director now directly owns 10,356 shares in the company, valued at $941,153.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group Price Performance

NYSE:OMC opened at $101.55 on Friday. Omnicom Group Inc. has a 52-week low of $72.62 and a 52-week high of $104.80. The company has a market cap of $19.89 billion, a P/E ratio of 13.72, a P/E/G ratio of 2.38 and a beta of 0.94. 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’s 50-day simple moving average is $98.40 and its 200 day simple moving average is $94.69.

Omnicom Group (NYSE:OMC) last announced 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. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. During the same quarter last year, the firm posted $1.81 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 7.88 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a yield of 2.76%. Omnicom Group’s dividend payout ratio is presently 37.84%.

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.