Thrivent Financial for Lutherans Has $1.89 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Thrivent Financial for Lutherans trimmed its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 1.1% during the second quarter, Holdings Channel.com reports. The firm owned 21,107 shares of the business services provider’s stock after selling 245 shares during the period. Thrivent Financial for Lutherans’ holdings in Omnicom Group were worth $1,893,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. J. W. Coons Advisors LLC raised its stake in shares of Omnicom Group by 11.9% during the fourth quarter. J. W. Coons Advisors LLC now owns 9,693 shares of the business services provider’s stock worth $839,000 after buying an additional 1,031 shares during the last quarter. Bank of Nova Scotia increased its stake in Omnicom Group by 24.3% in the fourth quarter. Bank of Nova Scotia now owns 23,680 shares of the business services provider’s stock valued at $2,049,000 after purchasing an additional 4,630 shares in the last quarter. California State Teachers Retirement System increased its stake in Omnicom Group by 0.6% in the fourth quarter. California State Teachers Retirement System now owns 314,999 shares of the business services provider’s stock valued at $27,251,000 after purchasing an additional 1,892 shares in the last quarter. KBC Group NV boosted its holdings in shares of Omnicom Group by 417.1% in the fourth quarter. KBC Group NV now owns 88,098 shares of the business services provider’s stock valued at $7,622,000 after buying an additional 71,062 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Omnicom Group by 57.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,477 shares of the business services provider’s stock valued at $301,000 after buying an additional 1,262 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OMC. Macquarie reiterated an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a report on Wednesday, July 17th. JPMorgan Chase & Co. increased their target price on shares of Omnicom Group from $106.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday. Bank of America increased their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. Finally, UBS Group increased their price target on shares of Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $107.30.

Omnicom Group Price Performance

NYSE:OMC opened at $102.04 on Thursday. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $104.80. The firm has a market cap of $19.98 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 2.38 and a beta of 0.94. The firm’s 50-day simple moving average is $98.12 and its 200 day simple moving average is $94.58. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the firm earned $1.81 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts predict that Omnicom Group Inc. will post 7.88 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.74%. Omnicom Group’s payout ratio is currently 37.84%.

Insider Activity

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the transaction, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

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.