Rhumbline Advisers Grows Stake in Omnicom Group Inc. (NYSE:OMC)

Rhumbline Advisers boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 417,825 shares of the business services provider’s stock after acquiring an additional 10,449 shares during the quarter. Rhumbline Advisers owned about 0.21% of Omnicom Group worth $37,479,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Boston Trust Walden Corp increased its stake in Omnicom Group by 8.2% during the second quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock worth $16,723,000 after acquiring an additional 14,153 shares during the last quarter. Norden Group LLC bought a new stake in Omnicom Group during the first quarter worth approximately $1,860,000. Kodai Capital Management LP bought a new stake in Omnicom Group during the fourth quarter worth approximately $27,419,000. Morningstar Investment Services LLC increased its stake in Omnicom Group by 98.7% during the fourth quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock worth $104,037,000 after acquiring an additional 595,746 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in Omnicom Group during the first quarter worth approximately $1,534,000. 91.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the sale, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Linda Johnson Rice sold 488 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the sale, the director now owns 10,356 shares in the company, valued at approximately $941,153.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the sale, the vice president now 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 company insiders.

Omnicom Group Stock Up 1.2 %

Shares of NYSE:OMC opened at $99.91 on Friday. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $102.13. The stock has a market cap of $19.57 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. The business’s 50 day moving average is $94.22 and its 200 day moving average is $93.11. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31.

Omnicom Group (NYSE:OMC) last posted 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. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. Omnicom Group’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.81 earnings per share. Sell-side analysts predict that Omnicom Group Inc. will post 7.95 EPS for the current year.

Omnicom Group Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on OMC. UBS Group upped their target price on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Macquarie reaffirmed an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a research note on Wednesday, July 17th. Finally, Bank of America upped their target price on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $106.30.

About Omnicom Group

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.