DekaBank Deutsche Girozentrale Sells 7,463 Shares of Omnicom Group Inc. (NYSE:OMC)

DekaBank Deutsche Girozentrale reduced its position in Omnicom Group Inc. (NYSE:OMC) by 4.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 149,217 shares of the business services provider’s stock after selling 7,463 shares during the period. DekaBank Deutsche Girozentrale owned 0.08% of Omnicom Group worth $13,217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Center For Asset Management LLC increased its position in Omnicom Group by 2.6% in the second quarter. Center For Asset Management LLC now owns 4,277 shares of the business services provider’s stock worth $384,000 after purchasing an additional 107 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of Omnicom Group by 2.9% during the first quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock worth $413,000 after buying an additional 119 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Omnicom Group by 18.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the business services provider’s stock valued at $70,000 after buying an additional 119 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Omnicom Group by 2.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the business services provider’s stock valued at $594,000 after buying an additional 122 shares during the period. Finally, Prestige Wealth Management Group LLC boosted its stake in Omnicom Group by 5.0% in the first quarter. Prestige Wealth Management Group LLC now owns 2,772 shares of the business services provider’s stock valued at $270,000 after acquiring an additional 132 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

OMC has been the topic of a number of analyst reports. UBS Group increased their price target on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Bank of America increased 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, September 5th. Finally, Macquarie restated an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $106.30.

Insider Buying and Selling

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of Omnicom Group 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 sale, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group 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 directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda Johnson Rice sold 488 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the transaction, the director now directly owns 10,356 shares of the company’s stock, valued at $941,153.28. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Omnicom Group Stock Up 1.4 %

Shares of Omnicom Group stock opened at $99.97 on Monday. The company has a market capitalization of $19.58 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. 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 business has a 50-day moving average of $95.43 and a two-hundred day moving average of $93.62. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $102.13.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) 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 analysts’ expectations of $3.83 billion. During the same period in the prior year, the business earned $1.81 EPS. Omnicom Group’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities analysts predict that Omnicom Group Inc. will post 7.95 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a $0.70 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a yield of 2.80%. Omnicom Group’s dividend payout ratio is currently 37.84%.

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.