Omnicom Group Inc. (NYSE:OMC) Stock Holdings Increased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 12.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 741,288 shares of the business services provider’s stock after purchasing an additional 81,265 shares during the quarter. Hsbc Holdings PLC owned 0.38% of Omnicom Group worth $66,557,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in Omnicom Group by 12.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,277 shares of the business services provider’s stock valued at $110,000 after buying an additional 137 shares during the period. Norges Bank bought a new stake in Omnicom Group during the fourth quarter worth approximately $21,424,000. UBS Group AG raised its holdings in Omnicom Group by 98.3% during the fourth quarter. UBS Group AG now owns 377,748 shares of the business services provider’s stock worth $32,679,000 after purchasing an additional 187,260 shares in the last quarter. Coldstream Capital Management Inc. acquired a new stake in Omnicom Group in the fourth quarter worth approximately $220,000. Finally, Clearbridge Investments LLC bought a new position in Omnicom Group during the 4th quarter valued at $502,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

Shares of OMC opened at $103.89 on Friday. The company has a 50-day moving average of $96.34 and a two-hundred day moving average of $93.94. The stock has a market cap of $20.35 billion, a price-to-earnings ratio of 14.04, a PEG 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. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $104.80.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.07. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.81 EPS. On average, equities research analysts expect that Omnicom Group Inc. will post 7.95 earnings per share 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. This represents a $2.80 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

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 transaction of $44,349.44. Following the transaction, 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 SEC, which is available at this hyperlink. In related news, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,524,738.75. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group boosted their price objective on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Macquarie reissued an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a report on Wednesday, July 17th. Finally, Bank of America lifted their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group 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.