Vanguard Personalized Indexing Management LLC Buys 2,737 Shares of Omnicom Group Inc. (NYSE:OMC)

Vanguard Personalized Indexing Management LLC grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 9.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 33,116 shares of the business services provider’s stock after acquiring an additional 2,737 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Omnicom Group were worth $2,971,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC grew 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 valued at $110,000 after acquiring an additional 137 shares during the last quarter. Norges Bank bought a new stake in shares of Omnicom Group during the 4th quarter valued at approximately $21,424,000. UBS Group AG increased its position in Omnicom Group by 98.3% during the 4th quarter. UBS Group AG now owns 377,748 shares of the business services provider’s stock worth $32,679,000 after purchasing an additional 187,260 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in Omnicom Group in the 4th quarter valued at approximately $220,000. Finally, Clearbridge Investments LLC acquired a new stake in Omnicom Group in the fourth quarter valued at approximately $502,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

OMC opened at $103.89 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 $20.35 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 2.27 and a beta of 0.94. The firm’s fifty day moving average price is $96.34 and its two-hundred day moving average price is $93.94. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $104.80.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.81 EPS. As a group, analysts anticipate that Omnicom Group Inc. will post 7.95 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio is 37.84%.

Analyst Ratings Changes

A number of brokerages have recently commented on OMC. UBS Group increased their price target on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Bank of America lifted their price target on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.30.

Insiders Place Their Bets

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 shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the transaction, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Linda Johnson Rice sold 488 shares of the business’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 transaction, the director now directly owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was 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 in the company, valued at $1,524,738.75. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.