Omnicom Group Inc. (NYSE:OMC) Stock Position Raised by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 23.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,601 shares of the business services provider’s stock after purchasing an additional 1,459 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Omnicom Group were worth $687,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Boston Trust Walden Corp raised its stake in shares of Omnicom Group by 8.2% in the 2nd quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock valued at $16,723,000 after acquiring an additional 14,153 shares in the last quarter. Norden Group LLC acquired a new stake in Omnicom Group in the 1st quarter valued at approximately $1,860,000. Mediolanum International Funds Ltd acquired a new stake in Omnicom Group in the 1st quarter valued at approximately $1,534,000. SG Americas Securities LLC grew its holdings in Omnicom Group by 37.0% in the 2nd quarter. SG Americas Securities LLC now owns 64,481 shares of the business services provider’s stock valued at $5,784,000 after buying an additional 17,414 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in Omnicom Group in the 1st quarter valued at approximately $2,990,000. 91.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on OMC shares. JPMorgan Chase & Co. raised their target price on 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 report on Wednesday, July 17th. UBS Group raised their target price on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Bank of America lifted their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. One investment 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.30.

Insider Buying and Selling

In other Omnicom Group 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 completion of the transaction, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Omnicom Group 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 completion of the transaction, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda Johnson Rice sold 488 shares of Omnicom Group 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 completion of the transaction, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Price Performance

Omnicom Group stock opened at $101.55 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. The company has a market capitalization of $19.89 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 2.38 and a beta of 0.94. Omnicom Group Inc. has a one year low of $72.62 and a one year high of $104.80. The business has a 50 day simple moving average of $98.40 and a 200 day simple moving average of $94.69.

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 the consensus estimate 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%. Omnicom Group’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $1.81 EPS. On average, sell-side analysts forecast that Omnicom Group Inc. will post 7.88 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors 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 dividend yield of 2.76%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

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.