American Trust acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC – Get Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,497 shares of the business services provider’s stock, valued at approximately $212,000.
Several other large investors also recently made changes to their positions in OMC. Dynamic Advisor Solutions LLC grew its position in Omnicom Group by 10.5% in the first quarter. Dynamic Advisor Solutions LLC now owns 8,050 shares of the business services provider’s stock valued at $683,000 after purchasing an additional 768 shares in the last quarter. Allianz Asset Management GmbH grew its position in Omnicom Group by 103.5% in the fourth quarter. Allianz Asset Management GmbH now owns 200,985 shares of the business services provider’s stock valued at $14,725,000 after purchasing an additional 102,237 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Omnicom Group by 8.5% in the first quarter. Mercer Global Advisors Inc. ADV now owns 17,838 shares of the business services provider’s stock valued at $1,514,000 after purchasing an additional 1,398 shares in the last quarter. Signaturefd LLC grew its position in Omnicom Group by 17.6% in the first quarter. Signaturefd LLC now owns 5,488 shares of the business services provider’s stock valued at $466,000 after purchasing an additional 820 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its position in Omnicom Group by 13.6% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,755 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 90.85% of the company’s stock.
Insiders Place Their Bets
In other Omnicom Group news, VP Michael J. Obrien sold 18,000 shares of Omnicom Group stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $70.47, for a total value of $1,268,460.00. Following the completion of the sale, the vice president now owns 131,118 shares in the company, valued at approximately $9,239,885.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.
Omnicom Group Stock Performance
Omnicom Group (NYSE:OMC – Get Rating) last issued its quarterly earnings data on Tuesday, July 19th. The business services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.12. Omnicom Group had a net margin of 9.07% and a return on equity of 39.15%. The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the company earned $1.46 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 6.37 EPS for the current year.
Omnicom Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Wednesday, September 21st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Tuesday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is 45.83%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Macquarie downgraded shares of Omnicom Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 23rd. Wells Fargo & Company increased their price target on shares of Omnicom Group from $73.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 20th. ING Group assumed coverage on shares of Omnicom Group in a research note on Thursday, September 8th. They issued a “buy” rating for the company. They noted that the move was a valuation call. Redburn Partners reiterated a “neutral” rating on shares of Omnicom Group in a research note on Thursday, September 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $96.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $84.70.
Omnicom Group Company Profile
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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