EverSource Wealth Advisors LLC Acquires 138 Shares of Omnicom Group Inc. (NYSE:OMC)

EverSource Wealth Advisors LLC raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 30.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 588 shares of the business services provider’s stock after acquiring an additional 138 shares during the period. EverSource Wealth Advisors LLC’s holdings in Omnicom Group were worth $58,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Richardson Financial Services Inc. purchased a new position in shares of Omnicom Group during the fourth quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Omnicom Group in the 2nd quarter worth approximately $33,000. Innealta Capital LLC purchased a new stake in Omnicom Group during the 2nd quarter valued at $33,000. Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group during the 1st quarter valued at $50,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of Omnicom Group in the 1st quarter worth $52,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

OMC has been the topic of a number of recent research reports. 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 report on Thursday, September 5th. UBS Group increased their price objective on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. 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. According to data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.30.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $102.68 on Friday. The stock has a market cap of $20.11 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 2.38 and a beta of 0.94. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $104.80. The firm has a fifty day moving average price of $97.22 and a 200-day moving average price of $94.33. 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 (NYSE:OMC) last posted its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.81 earnings per share. Equities analysts anticipate that Omnicom Group Inc. will post 7.88 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a $0.70 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a yield of 2.73%. Omnicom Group’s payout ratio is 37.84%.

Insider Buying and Selling at Omnicom Group

In related news, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 10,356 shares in the company, valued at $941,153.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other 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 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 available at 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 shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Omnicom Group Company Profile

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.