785 Shares in Omnicom Group Inc. (NYSE:OMC) Bought by Family Firm Inc.

Family Firm Inc. bought a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 785 shares of the business services provider’s stock, valued at approximately $70,000.

Several other large investors also recently bought and sold shares of OMC. International Assets Investment Management LLC lifted its stake in Omnicom Group by 8,551.1% in the 4th quarter. International Assets Investment Management LLC now owns 7,959 shares of the business services provider’s stock valued at $689,000 after buying an additional 7,867 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Omnicom Group in the fourth quarter worth $1,038,000. Federated Hermes Inc. lifted its position in shares of Omnicom Group by 0.4% in the fourth quarter. Federated Hermes Inc. now owns 34,676 shares of the business services provider’s stock valued at $3,000,000 after acquiring an additional 135 shares in the last quarter. abrdn plc boosted its stake in shares of Omnicom Group by 35.0% during the fourth quarter. abrdn plc now owns 84,285 shares of the business services provider’s stock valued at $7,291,000 after acquiring an additional 21,843 shares during the last quarter. Finally, Signaturefd LLC increased its position in Omnicom Group by 21.4% during the 4th quarter. Signaturefd LLC now owns 4,985 shares of the business services provider’s stock worth $431,000 after purchasing an additional 879 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

OMC has been the topic of a number of recent research reports. Macquarie restated an “outperform” rating and issued a $110.00 target price on shares of Omnicom Group in a report on Wednesday, July 17th. UBS Group upped their price objective on shares of Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Barclays raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $100.00 to $110.00 in a research note on Tuesday, May 7th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $104.70.

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the transaction, the director now owns 10,356 shares in the company, valued at $941,153.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Omnicom Group Stock Performance

Shares of OMC stock opened at $98.46 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The firm has a market capitalization of $19.28 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 2.24 and a beta of 0.95. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $99.08. The company has a 50 day moving average price of $92.56 and a 200 day moving average price of $92.33.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the previous year, the company posted $1.81 earnings per share. Omnicom Group’s revenue was up 6.8% compared to the same quarter last year. Sell-side analysts anticipate that Omnicom Group Inc. will post 7.92 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. Investors of record on Friday, September 20th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.84%. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Omnicom Group 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.