Omnicom Group Inc. (NYSE:OMC) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 26.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,893 shares of the business services provider’s stock after buying an additional 1,231 shares during the period. GAMMA Investing LLC’s holdings in Omnicom Group were worth $609,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Boston Partners boosted its stake in Omnicom Group by 11.0% in the 1st quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock worth $374,795,000 after buying an additional 383,560 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Omnicom Group by 37.0% in 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 buying an additional 892,494 shares during the last quarter. Lazard Asset Management LLC lifted its stake 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 in the last quarter. Cooke & Bieler LP lifted its stake 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 in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Omnicom Group by 1.9% in the 4th quarter. Baird Financial Group Inc. now owns 2,370,253 shares of the business services provider’s stock valued at $205,051,000 after purchasing an additional 43,861 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were 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 of the company’s stock, valued at $1,524,738.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the sale, the director now owns 10,356 shares in the company, valued at $941,153.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction that occurred on 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 $1,524,738.75. 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 currently owned by corporate insiders.

Analysts Set New Price Targets

OMC has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on 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 lifted their price objective on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Macquarie reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a research note on Wednesday, July 17th. Finally, Bank of America lifted their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.30.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $101.48 on Wednesday. The company has a market cap of $19.87 billion, a P/E ratio of 13.71, a PEG 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. Omnicom Group Inc. has a one year low of $73.28 and a one year high of $104.80. The business’s 50-day simple moving average is $98.51 and its 200 day simple moving average is $94.74.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, beating 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 firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the firm earned $1.81 EPS. Omnicom Group’s quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts forecast that Omnicom Group Inc. will post 7.88 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.80 dividend on an annualized basis 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.