CHICAGO TRUST Co NA Makes New $201,000 Investment in Omnicom Group Inc. (NYSE:OMC)

CHICAGO TRUST Co NA bought a new position in shares of Omnicom Group Inc. (NYSE:OMCGet Rating) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,366 shares of the business services provider’s stock, valued at approximately $201,000.

A number of other large investors have also recently added to or reduced their stakes in OMC. MML Investors Services LLC lifted its holdings in Omnicom Group by 5.4% during the 3rd quarter. MML Investors Services LLC now owns 24,185 shares of the business services provider’s stock worth $1,752,000 after buying an additional 1,236 shares during the last quarter. LPL Financial LLC lifted its holdings in Omnicom Group by 9.1% during the 3rd quarter. LPL Financial LLC now owns 108,816 shares of the business services provider’s stock worth $7,885,000 after buying an additional 9,068 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Omnicom Group during the 3rd quarter worth approximately $4,112,000. Chartwell Investment Partners LLC lifted its holdings in Omnicom Group by 27.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 94,759 shares of the business services provider’s stock worth $6,866,000 after buying an additional 20,618 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Omnicom Group by 7.4% during the 3rd quarter. Janus Henderson Group PLC now owns 176,119 shares of the business services provider’s stock worth $12,761,000 after buying an additional 12,199 shares during the last quarter. 93.08% of the stock is currently owned by institutional investors.

In other news, Director Linda Johnson Rice sold 1,900 shares of Omnicom Group stock in a transaction on Monday, April 25th. The stock was sold at an average price of $77.88, for a total transaction of $147,972.00. Following the transaction, the director now directly owns 9,784 shares in the company, valued at approximately $761,977.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the company. BMO Capital Markets raised their price target on Omnicom Group from $82.00 to $89.00 in a report on Thursday, April 21st. Morgan Stanley cut their price target on Omnicom Group from $84.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, June 10th. Argus raised Omnicom Group from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Friday, March 18th. Barclays downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $103.00 to $90.00 in a report on Monday, March 14th. Finally, StockNews.com raised Omnicom Group from a “sell” rating to a “hold” rating in a report on Friday, April 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $88.11.

Shares of Omnicom Group stock opened at $63.15 on Thursday. The business’s fifty day moving average price is $74.10 and its two-hundred day moving average price is $77.02. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.94 and a quick ratio of 0.85. The company has a market capitalization of $12.99 billion, a P/E ratio of 10.47, a PEG ratio of 2.94 and a beta of 0.78. Omnicom Group Inc. has a 1-year low of $61.67 and a 1-year high of $91.61.

Omnicom Group (NYSE:OMCGet Rating) last announced its earnings results on Tuesday, April 19th. The business services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.11. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.29 billion. Omnicom Group had a return on equity of 37.06% and a net margin of 9.06%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 EPS. On average, research analysts expect that Omnicom Group Inc. will post 6.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, June 10th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Thursday, June 9th. Omnicom Group’s dividend payout ratio (DPR) is presently 46.43%.

Omnicom Group Company Profile (Get Rating)

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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