GSA Capital Partners LLP Buys New Stake in Omnicom Group Inc. (NYSE:OMC)

GSA Capital Partners LLP bought a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,187 shares of the business services provider’s stock, valued at approximately $310,000.

Other hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in Omnicom Group by 15,279.3% in the second quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock valued at $414,191,000 after acquiring an additional 4,963,787 shares during the last quarter. Nordea Investment Management AB lifted its stake in Omnicom Group by 501.5% in the second quarter. Nordea Investment Management AB now owns 2,201,826 shares of the business services provider’s stock valued at $182,531,000 after buying an additional 1,835,749 shares during the period. First Eagle Investment Management LLC lifted its stake in Omnicom Group by 12.4% in the third quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock valued at $1,118,541,000 after buying an additional 1,671,452 shares during the period. Longview Partners Guernsey LTD lifted its stake in Omnicom Group by 41.3% in the third quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock valued at $418,769,000 after buying an additional 1,653,208 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in Omnicom Group by 115.6% in the second quarter. Parametric Portfolio Associates LLC now owns 1,236,008 shares of the business services provider’s stock valued at $102,465,000 after buying an additional 662,786 shares during the period.

In related news, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total transaction of $36,342.48. Following the sale, the director now owns 7,777 shares in the company, valued at approximately $577,986.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter K. Sherman sold 8,310 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the sale, the insider now owns 21,271 shares in the company, valued at approximately $1,580,648.01. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

A number of equities research analysts have recently commented on OMC shares. Jefferies Group reaffirmed a “hold” rating and set a $82.00 price target on shares of Omnicom Group in a research report on Thursday, September 21st. Zacks Investment Research lowered Omnicom Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Credit Suisse Group dropped their target price on Omnicom Group from $79.00 to $78.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 11th. Morgan Stanley lowered Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 target price on the stock. in a research report on Monday, October 16th. Finally, BMO Capital Markets restated a “hold” rating and issued a $85.00 price target on shares of Omnicom Group in a research note on Wednesday, October 18th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Omnicom Group has an average rating of “Hold” and a consensus target price of $84.36.

Omnicom Group Inc. (OMC) opened at $75.92 on Tuesday. The firm has a market capitalization of $17,502.04, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 2.02 and a beta of 1.23. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62. Omnicom Group Inc. has a fifty-two week low of $65.32 and a fifty-two week high of $87.43.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. Omnicom Group’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 EPS. equities research analysts anticipate that Omnicom Group Inc. will post 5.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th were given a dividend of $0.60 per share. The ex-dividend date was Monday, December 18th. This represents a $2.40 dividend on an annualized basis and a yield of 3.16%. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s payout ratio is currently 47.81%.

ILLEGAL ACTIVITY WARNING: “GSA Capital Partners LLP Buys New Stake in Omnicom Group Inc. (NYSE:OMC)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/01/16/4187-shares-in-omnicom-group-inc-omc-acquired-by-gsa-capital-partners-llp.html.

About Omnicom Group

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

Receive News & Ratings for Omnicom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply