ProShare Advisors LLC lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 53.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,574 shares of the business services provider’s stock after buying an additional 16,604 shares during the period. ProShare Advisors LLC’s holdings in Omnicom Group were worth $3,944,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in shares of Omnicom Group by 8.7% during the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock worth $102,000 after buying an additional 104 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Omnicom Group during the second quarter worth $104,000. Invictus RG lifted its stake in shares of Omnicom Group by 1,098.2% during the first quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock worth $170,000 after buying an additional 1,812 shares during the period. FNY Partners Fund LP lifted its stake in shares of Omnicom Group by 46.7% during the first quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock worth $189,000 after buying an additional 700 shares during the period. Finally, Global X Management Co. LLC lifted its stake in shares of Omnicom Group by 29.4% during the first quarter. Global X Management Co. LLC now owns 2,245 shares of the business services provider’s stock worth $194,000 after buying an additional 510 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Several equities research analysts have recently commented on OMC shares. Zacks Investment Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Friday, July 14th. Royal Bank Of Canada set a $96.00 price objective on shares of Omnicom Group and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Wells Fargo & Company reiterated a “hold” rating and set a $84.00 price objective on shares of Omnicom Group in a research note on Tuesday, July 18th. Jefferies Group LLC reiterated a “hold” rating and set a $82.00 price objective on shares of Omnicom Group in a research note on Friday, July 14th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $85.00 price objective on shares of Omnicom Group in a research note on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Omnicom Group currently has a consensus rating of “Hold” and an average price target of $85.92.

In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 900 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total transaction of $71,199.00. Following the transaction, the treasurer now directly owns 44,161 shares of the company’s stock, valued at approximately $3,493,576.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda Johnson Rice sold 483 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the transaction, the director now directly owns 7,724 shares in the company, valued at $634,835.56. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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Omnicom Group Inc. (OMC) opened at 75.00 on Friday. The company’s 50-day moving average is $75.34 and its 200-day moving average is $81.20. The firm has a market capitalization of $17.31 billion, a P/E ratio of 15.15 and a beta of 1.27. Omnicom Group Inc. has a 52-week low of $71.63 and a 52-week high of $89.66.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.02. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period last year, the firm posted $1.36 EPS. Omnicom Group’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts predict that Omnicom Group Inc. will post $5.08 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s payout ratio is currently 44.44%.

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

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