Mather Group LLC. Purchases 166 Shares of Omnicom Group Inc. (NYSE:OMC)

Mather Group LLC. boosted its position in Omnicom Group Inc. (NYSE:OMC) by 7.4% in the third quarter, HoldingsChannel.com reports. The firm owned 2,413 shares of the business services provider’s stock after acquiring an additional 166 shares during the period. Mather Group LLC.’s holdings in Omnicom Group were worth $250,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in OMC. Jacobs Levy Equity Management Inc. raised its holdings in Omnicom Group by 319.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,450,160 shares of the business services provider’s stock worth $140,317,000 after purchasing an additional 1,104,566 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Omnicom Group by 37.0% in the second 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 purchasing an additional 892,494 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Omnicom Group in the second quarter worth about $56,177,000. Boston Partners raised its holdings in Omnicom Group by 11.0% in the first quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock worth $374,795,000 after purchasing an additional 383,560 shares in the last quarter. Finally, Scout Investments Inc. bought a new position in Omnicom Group in the first quarter worth about $36,715,000. 91.97% of the stock is currently owned by institutional investors.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were 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 of the company’s stock, valued at $941,153.28. This trade 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 this link. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda Johnson Rice sold 488 shares of the stock in a transaction that occurred 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 transaction, the director now 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.

Analysts Set New Price Targets

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

Omnicom Group Price Performance

Shares of NYSE OMC opened at $102.86 on Friday. The business’s 50 day moving average price is $98.81 and its 200 day moving average price is $94.90. The firm has a market cap of $20.12 billion, a P/E ratio of 14.23, a P/E/G ratio of 2.39 and a beta of 0.94. Omnicom Group Inc. has a 52 week low of $73.28 and a 52 week high of $104.80. The company has a quick ratio of 0.81, a current ratio of 0.93 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 EPS 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 for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the firm earned $1.81 earnings per share. Omnicom Group’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, sell-side analysts expect that Omnicom Group Inc. will post 7.88 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.72%. Omnicom Group’s payout ratio is 38.73%.

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.