Valeo Financial Advisors LLC Buys Shares of 2,080 Omnicom Group Inc. (NYSE:OMC)

Valeo Financial Advisors LLC bought a new stake in Omnicom Group Inc. (NYSE:OMC) during the 3rd quarter, Holdings Channel reports. The fund bought 2,080 shares of the business services provider’s stock, valued at approximately $215,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new position in Omnicom Group in the fourth quarter valued at about $29,000. Davis Capital Management acquired a new stake in shares of Omnicom Group during the third quarter worth about $36,000. Innealta Capital LLC acquired a new stake in shares of Omnicom Group during the second quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Omnicom Group during the second quarter worth about $33,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Omnicom Group in the 1st quarter valued at approximately $50,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insiders Place Their Bets

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction 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 sale, the vice president now directly owns 15,375 shares in the company, valued at $1,524,738.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, 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 transaction, the director now directly owns 10,356 shares of the company’s stock, valued at $941,153.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred 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 $1,524,738.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

OMC has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Omnicom Group from $106.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Bank of America lifted their target price on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. Macquarie restated an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a research note on Wednesday, July 17th. Finally, UBS Group boosted 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.30.

Omnicom Group Stock Up 0.7 %

OMC stock opened at $104.02 on Wednesday. The company has a market cap of $20.37 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. Omnicom Group Inc. has a fifty-two week low of $73.28 and a fifty-two week high of $105.36. The stock’s 50 day simple moving average is $99.55 and its 200 day simple moving average is $95.07. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93.

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

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 20th were issued 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 yield of 2.69%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

About Omnicom Group

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.