Omnicom Group Inc. (NYSE:OMC) Holdings Raised by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 997,959 shares of the business services provider’s stock after purchasing an additional 2,797 shares during the quarter. American Century Companies Inc.’s holdings in Omnicom Group were worth $89,517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC raised its position in Omnicom Group by 8,551.1% in the fourth quarter. International Assets Investment Management LLC now owns 7,959 shares of the business services provider’s stock worth $689,000 after acquiring an additional 7,867 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Omnicom Group by 6.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,298 shares of the business services provider’s stock worth $1,496,000 after acquiring an additional 1,021 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Omnicom Group by 14.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 10,365 shares of the business services provider’s stock worth $897,000 after acquiring an additional 1,321 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Omnicom Group by 4.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 213,268 shares of the business services provider’s stock worth $18,126,000 after acquiring an additional 9,937 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in Omnicom Group by 12.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,277 shares of the business services provider’s stock worth $110,000 after acquiring an additional 137 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Insider Activity

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

Omnicom Group Trading Up 1.4 %

NYSE:OMC opened at $99.97 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. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $102.13. The stock’s 50-day moving average is $95.43 and its two-hundred day moving average is $93.58. The stock has a market cap of $19.58 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.07. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the business posted $1.81 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities research analysts forecast that Omnicom Group Inc. will post 7.95 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be issued 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 2.80%. Omnicom Group’s dividend payout ratio is 37.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Bank of America lifted 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. UBS Group lifted 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 reissued an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a research note on Wednesday, July 17th. One 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, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus price target of $106.30.

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.