IFG Advisory LLC Increases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

IFG Advisory LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,013 shares of the business services provider’s stock after acquiring an additional 1,441 shares during the quarter. IFG Advisory LLC’s holdings in Omnicom Group were worth $3,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC bought a new stake in shares of Omnicom Group during the 4th quarter valued at $26,000. Richardson Financial Services Inc. bought a new stake in shares of Omnicom Group during the 4th quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Omnicom Group during the 2nd quarter valued at $33,000. Innealta Capital LLC bought a new stake in shares of Omnicom Group during the 2nd quarter valued at $33,000. Finally, First United Bank & Trust bought a new stake in shares of Omnicom Group during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Macquarie restated an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a report on Wednesday, July 17th. UBS Group boosted their target price on shares of Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Barclays upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $100.00 to $110.00 in a report on Tuesday, May 7th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $104.70.

Insiders Place Their Bets

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 value of $44,349.44. Following the completion of the transaction, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $44,349.44. Following the completion of the transaction, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the transaction, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Omnicom Group Price Performance

OMC opened at $100.43 on Friday. The stock has a 50-day moving average price of $93.42 and a 200-day moving average price of $92.80. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. The firm has a market cap of $19.65 billion, a PE ratio of 13.57, a P/E/G ratio of 2.36 and a beta of 0.95. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $100.61.

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 business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the firm earned $1.81 EPS. Omnicom Group’s revenue was up 6.8% on a year-over-year basis. Sell-side analysts predict that Omnicom Group Inc. will post 7.95 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Friday, September 20th. 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.