BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Position in Omnicom Group Inc. (NYSE:OMC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,358 shares of the business services provider’s stock after purchasing an additional 3,863 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Omnicom Group were worth $4,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Frazier Financial Advisors LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth about $26,000. Richardson Financial Services Inc. purchased a new stake in Omnicom Group during the fourth quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Omnicom Group during the second quarter worth approximately $33,000. Innealta Capital LLC acquired a new position in Omnicom Group in the second quarter valued at approximately $33,000. Finally, First United Bank & Trust purchased a new position in Omnicom Group in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

OMC has been the subject of several research analyst reports. UBS Group upped their target price on shares of Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $100.00 to $110.00 in a report on Tuesday, May 7th. Finally, Macquarie reissued an “outperform” rating and issued a $110.00 target price on shares of Omnicom Group in a report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.70.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 10,356 shares in the company, valued at $941,153.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group 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 sale, the vice president now directly owns 15,375 shares in the company, valued at $1,524,738.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $90.88, for a total value of $44,349.44. Following the transaction, the director now directly owns 10,356 shares in the company, valued at approximately $941,153.28. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC stock opened at $100.43 on Friday. The stock’s 50-day moving average price is $93.42 and its 200 day moving average price is $92.74. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $19.67 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 2.24 and a beta of 0.95. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $100.61.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (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 business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the company posted $1.81 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts forecast that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

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.