Omnicom Group Inc. (NYSE:OMC) Stock Holdings Increased by Fortem Financial Group LLC

Fortem Financial Group LLC raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 12.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,329 shares of the business services provider’s stock after buying an additional 3,544 shares during the period. Omnicom Group comprises approximately 1.3% of Fortem Financial Group LLC’s investment portfolio, making the stock its 17th biggest position. Fortem Financial Group LLC’s holdings in Omnicom Group were worth $3,239,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in Omnicom Group by 37.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock worth $296,717,000 after buying an additional 892,494 shares during the period. State Street Corp raised its holdings in shares of Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after acquiring an additional 759,980 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Omnicom Group during the 2nd quarter valued at $56,177,000. World Investment Advisors LLC raised its stake in Omnicom Group by 4,413.3% during the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after purchasing an additional 374,952 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Omnicom Group by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider’s stock valued at $205,682,000 after purchasing an additional 364,665 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. This trade represents a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on OMC shares. JPMorgan Chase & Co. upped their price target on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company dropped their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Bank of America upped their price objective 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. Barclays upped their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, Macquarie upped their price target on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $108.89.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $92.46 on Wednesday. Omnicom Group Inc. has a 52 week low of $82.26 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The business’s 50-day simple moving average is $102.43 and its 200-day simple moving average is $97.34. The firm has a market cap of $18.04 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 2.32 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the business posted $1.86 EPS. As a group, equities research analysts expect that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 38.25%.

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.