GSA Capital Partners LLP acquired a new position in Omnicom Group Inc. (NYSE:OMC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,187 shares of the business services provider’s stock, valued at approximately $310,000.
A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Omnicom Group by 0.5% in the second quarter. Vanguard Group Inc. now owns 15,946,330 shares of the business services provider’s stock worth $1,321,951,000 after buying an additional 79,678 shares in the last quarter. First Eagle Investment Management LLC grew its holdings 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 worth $1,118,541,000 after purchasing an additional 1,671,452 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Omnicom Group by 6.1% in the third quarter. Pzena Investment Management LLC now owns 6,343,295 shares of the business services provider’s stock worth $469,848,000 after purchasing an additional 364,309 shares during the last quarter. Longview Partners Guernsey LTD grew its holdings 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 worth $418,769,000 after purchasing an additional 1,653,208 shares during the last quarter. Finally, Janus Henderson Group PLC grew 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 worth $414,191,000 after purchasing an additional 4,963,787 shares during the last quarter. 98.62% of the stock is owned by institutional investors.
Several equities analysts have issued reports on OMC shares. Credit Suisse Group lifted their price target on shares of Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, October 18th. TheStreet lowered shares of Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Telsey Advisory Group raised shares of Omnicom Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $86.00 to $89.00 in a report on Wednesday, October 18th. Morgan Stanley boosted their price objective on shares of Omnicom Group from $72.00 to $76.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $75.00 price objective (down from $81.00) on shares of Omnicom Group in a report on Thursday, January 18th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Omnicom Group currently has an average rating of “Hold” and a consensus target price of $83.64.
In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the transaction, the insider now owns 21,271 shares in the company, valued at $1,580,648.01. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.
Shares of Omnicom Group Inc. (NYSE OMC) traded down $0.15 during trading on Wednesday, hitting $76.65. 3,227,358 shares of the company’s stock were exchanged, compared to its average volume of 2,331,184. The firm has a market capitalization of $17,843.23, a P/E ratio of 15.27, a P/E/G ratio of 2.55 and a beta of 1.23. Omnicom Group Inc. has a 1-year low of $65.32 and a 1-year high of $87.43. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th were given a $0.60 dividend. The ex-dividend date was Monday, December 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.13%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s dividend payout ratio is 47.81%.
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Omnicom Group Company Profile
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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