O Shaughnessy Asset Management LLC Purchases 2,653 Shares of Omnicom Group Inc. (NYSE:OMC)

O Shaughnessy Asset Management LLC lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,302 shares of the business services provider’s stock after purchasing an additional 2,653 shares during the period. O Shaughnessy Asset Management LLC owned about 0.05% of Omnicom Group worth $10,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norden Group LLC bought a new stake in shares of Omnicom Group during the first quarter worth about $1,860,000. Arvest Investments Inc. acquired a new position in shares of Omnicom Group in the fourth quarter worth approximately $1,969,000. Raymond James & Associates lifted its stake in shares of Omnicom Group by 3.3% in the fourth quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock worth $37,471,000 after acquiring an additional 13,709 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Omnicom Group by 1,627.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock worth $5,752,000 after acquiring an additional 62,640 shares during the period. Finally, Kodai Capital Management LP acquired a new position in shares of Omnicom Group in the fourth quarter worth approximately $27,419,000. 91.97% of the stock is currently owned by institutional investors.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 453 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $92.68, for a total transaction of $41,984.04. Following the completion of the sale, the director now owns 9,830 shares in the company, valued at $911,044.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OMC. JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. 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. Moffett Nathanson lifted their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.70.

Omnicom Group Stock Up 0.6 %

Shares of NYSE:OMC traded up $0.54 during trading on Tuesday, reaching $92.29. 1,328,324 shares of the stock were exchanged, compared to its average volume of 1,622,394. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $98.06. The stock has a fifty day moving average of $91.68 and a two-hundred day moving average of $91.42. The firm has a market cap of $18.06 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 2.15 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period in the prior year, the firm earned $1.81 earnings per share. Omnicom Group’s revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts anticipate that Omnicom Group Inc. will post 7.92 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

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.