Omnicom Group Inc. (NYSE:OMC) was the target of some unusual options trading activity on Thursday. Investors bought 4,203 put options on the stock. This represents an increase of 980% compared to the average daily volume of 389 put options.

In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of Omnicom Group stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the completion of the sale, the director now directly owns 7,777 shares in the company, valued at approximately $577,986.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of OMC. Janus Henderson Group PLC increased its holdings in Omnicom Group by 15,279.3% in the 2nd quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock worth $414,191,000 after acquiring an additional 4,963,787 shares in the last quarter. Nordea Investment Management AB increased its holdings in Omnicom Group by 501.5% in the 2nd quarter. Nordea Investment Management AB now owns 2,201,826 shares of the business services provider’s stock worth $182,531,000 after acquiring an additional 1,835,749 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Omnicom Group by 12.4% in the 3rd 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 acquiring an additional 1,671,452 shares in the last quarter. Longview Partners Guernsey LTD increased its holdings in Omnicom Group by 41.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock worth $418,769,000 after acquiring an additional 1,653,208 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Omnicom Group by 90.0% in the 2nd quarter. Alliancebernstein L.P. now owns 2,652,302 shares of the business services provider’s stock worth $219,876,000 after acquiring an additional 1,256,005 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

Omnicom Group (NYSE:OMC) opened at $74.70 on Tuesday. 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 firm has a market cap of $16,916.49, a P/E ratio of 14.77, a PEG ratio of 1.98 and a beta of 1.24. Omnicom Group has a 1-year low of $65.32 and a 1-year high of $89.66.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. sell-side analysts anticipate that Omnicom Group will post 5.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.21%. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s payout ratio is presently 43.82%.

OMC has been the subject of several research reports. Credit Suisse Group lifted their price objective on shares of Omnicom Group from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, October 18th. Telsey Advisory Group upgraded shares of Omnicom Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $86.00 to $89.00 in a research note 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. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Friday, October 13th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a report on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Omnicom Group presently has an average rating of “Hold” and an average target price of $84.00.

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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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