Omnicom Group Inc. (NYSE:OMC) Shares Sold by Axa S.A.

Axa S.A. decreased its holdings in Omnicom Group Inc. (NYSE:OMC) by 77.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 148,553 shares of the business services provider’s stock after selling 520,330 shares during the period. Axa S.A.’s holdings in Omnicom Group were worth $13,325,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its position in shares of 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 valued at $140,317,000 after purchasing an additional 1,104,566 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Omnicom Group in the 4th quarter worth $93,634,000. Bank of New York Mellon Corp increased its stake in shares of 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 acquiring an additional 892,494 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Omnicom Group during the 2nd quarter worth $56,177,000. Finally, Morningstar Investment Services LLC boosted its position in shares of Omnicom Group by 98.7% during the 4th quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock valued at $104,037,000 after acquiring an additional 595,746 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

OMC stock opened at $102.68 on Friday. The business’s fifty day moving average price is $97.22 and its 200 day moving average price is $94.33. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $104.80. The company has a market capitalization of $20.11 billion, a PE ratio of 13.88, a P/E/G ratio of 2.38 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the company earned $1.81 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 7.88 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a $0.70 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a yield of 2.73%. Omnicom Group’s dividend payout ratio is presently 37.84%.

Analyst Ratings Changes

Several research firms recently issued reports on OMC. Macquarie restated an “outperform” rating and set a $110.00 price objective on shares of Omnicom Group in a research report on Wednesday, July 17th. UBS Group lifted their price target on shares of Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Bank of America increased their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and an average target price of $106.30.

Insider Activity

In related news, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the transaction, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $44,349.44. Following the completion of the sale, the director now directly owns 10,356 shares in the company, valued at $941,153.28. 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.