Benjamin F. Edwards & Company Inc. Grows Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Benjamin F. Edwards & Company Inc. lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 10.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,589 shares of the business services provider’s stock after acquiring an additional 1,638 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Omnicom Group were worth $1,578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Center For Asset Management LLC grew its stake in Omnicom Group by 2.6% during the 2nd quarter. Center For Asset Management LLC now owns 4,277 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 107 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Omnicom Group by 2.9% in the first quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock valued at $413,000 after buying an additional 119 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Omnicom Group by 18.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the business services provider’s stock worth $70,000 after buying an additional 119 shares during the period. B. Riley Wealth Advisors Inc. raised its position in Omnicom Group by 2.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the business services provider’s stock worth $594,000 after buying an additional 122 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Omnicom Group by 1.8% during the 2nd quarter. Parallel Advisors LLC now owns 7,184 shares of the business services provider’s stock valued at $644,000 after acquiring an additional 126 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Down 1.5 %

Omnicom Group stock opened at $102.30 on Monday. 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 stock has a market capitalization of $20.03 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The business has a 50 day simple moving average of $96.52 and a 200-day simple moving average of $94.09. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month 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 analysts’ consensus estimates of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The company 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 posted $1.81 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts anticipate that Omnicom Group Inc. will post 7.95 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 11th. Investors of record on Friday, September 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

Analysts Set New Price Targets

Several brokerages recently issued reports on OMC. Bank of America raised their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. UBS Group lifted their price objective on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Macquarie restated an “outperform” rating and issued a $110.00 target price on shares of Omnicom Group in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $106.30.

Insiders Place Their Bets

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, 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 is accessible through this hyperlink. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the sale, the vice president now directly owns 15,375 shares in the company, valued at $1,524,738.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $44,349.44. Following the transaction, the director now owns 10,356 shares in the company, valued at $941,153.28. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.