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%.
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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.
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