O Shaughnessy Asset Management LLC Acquires 2,653 Shares of Omnicom Group Inc. (NYSE:OMC)

O Shaughnessy Asset Management LLC lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 2.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 104,302 shares of the business services provider’s stock after purchasing an additional 2,653 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Omnicom Group were worth $10,092,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alerus Financial NA grew its holdings in Omnicom Group by 0.6% during the 1st quarter. Alerus Financial NA now owns 70,251 shares of the business services provider’s stock valued at $6,797,000 after buying an additional 407 shares in the last quarter. Lcnb Corp bought a new stake in shares of Omnicom Group during the first quarter worth $223,000. Covestor Ltd lifted its position in shares of Omnicom Group by 62.3% during the first quarter. Covestor Ltd now owns 1,771 shares of the business services provider’s stock worth $171,000 after purchasing an additional 680 shares during the last quarter. Ironwood Investment Counsel LLC raised its holdings in shares of Omnicom Group by 0.9% in the first quarter. Ironwood Investment Counsel LLC now owns 27,516 shares of the business services provider’s stock valued at $2,662,000 after acquiring an additional 232 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Omnicom Group by 13,957.7% in the first quarter. Acadian Asset Management LLC now owns 54,122 shares of the business services provider’s stock valued at $5,234,000 after acquiring an additional 53,737 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Insider Activity

In other news, Director Linda Johnson Rice sold 453 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $92.68, for a total value of $41,984.04. Following the transaction, the director now owns 9,830 shares of the company’s stock, valued at $911,044.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group boosted their target price on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $110.00 in a report on Tuesday, May 7th. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Thursday, March 28th. Macquarie reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Omnicom Group in a research note on Wednesday, July 17th. Finally, Moffett Nathanson increased their target price on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and an average price target of $104.70.

Omnicom Group Stock Performance

NYSE OMC traded up $0.54 on Tuesday, reaching $92.29. The stock had a trading volume of 1,328,324 shares, compared to its average volume of 1,622,394. 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 Inc. has a 12-month low of $72.20 and a 12-month high of $98.06. The business’s 50-day moving average price is $91.68 and its 200 day moving average price is $91.42. The stock has a market cap of $18.06 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 2.15 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (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 analyst estimates of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 earnings per share. As a group, equities analysts expect that Omnicom Group Inc. will post 7.92 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Friday, September 20th. Omnicom Group’s payout ratio is currently 37.84%.

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.