1,742,923 Shares in Omnicom Group Inc. $OMC Purchased by Nykredit A S

Nykredit A S acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the second quarter, HoldingsChannel.com reports. The firm acquired 1,742,923 shares of the business services provider’s stock, valued at approximately $126,937,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMC. Keating Financial Advisory Services Inc. purchased a new stake in Omnicom Group during the 2nd quarter valued at $25,000. Elyxium Wealth LLC bought a new position in Omnicom Group during the fourth quarter valued at $26,000. Legacy Wealth Managment LLC ID raised its stake in shares of Omnicom Group by 111.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares during the period. EFG International AG bought a new stake in shares of Omnicom Group in the 4th quarter worth about $28,000. Finally, Caitlin John LLC boosted its stake in shares of Omnicom Group by 4,675.0% during the 4th quarter. Caitlin John LLC now owns 382 shares of the business services provider’s stock worth $31,000 after purchasing an additional 374 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

OMC has been the topic of a number of analyst reports. Zacks Research cut Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. The Goldman Sachs Group started coverage on Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective on the stock. Weiss Ratings upgraded Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Wells Fargo & Company upped their price target on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $99.00.

Insider Activity

In related news, Director Linda Johnson Rice sold 1,385 shares of Omnicom Group stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $88.73, for a total transaction of $122,891.05. Following the completion of the sale, the director owned 11,719 shares of the company’s stock, valued at $1,039,826.87. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

Omnicom Group Stock Down 5.0%

Shares of NYSE OMC opened at $81.76 on Thursday. The stock’s fifty day simple moving average is $82.42 and its two-hundred day simple moving average is $78.56. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $89.57. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $22.43 billion, a PE ratio of 70.48, a price-to-earnings-growth ratio of 0.74 and a beta of 0.65.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The firm had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter last year, the business earned $2.05 earnings per share. Omnicom Group’s revenue was up 63.4% on a year-over-year basis. As a group, analysts expect that Omnicom Group Inc. will post 10.35 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.9%. Omnicom Group’s dividend payout ratio is currently 275.86%.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.