Omnicom Group Inc. (NYSE:OMC) Position Increased by Sawtooth Solutions LLC

Sawtooth Solutions LLC raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 3.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,075 shares of the business services provider’s stock after buying an additional 168 shares during the quarter. Sawtooth Solutions LLC’s holdings in Omnicom Group were worth $368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of OMC. Amundi acquired a new position in shares of Omnicom Group in the 2nd quarter valued at about $244,544,000. Morgan Stanley increased its holdings in shares of Omnicom Group by 81.4% in the 2nd quarter. Morgan Stanley now owns 2,279,689 shares of the business services provider’s stock valued at $182,353,000 after purchasing an additional 1,023,155 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Omnicom Group by 192.8% in the 2nd quarter. Wells Fargo & Company MN now owns 1,192,130 shares of the business services provider’s stock valued at $95,358,000 after purchasing an additional 784,926 shares during the period. Invesco Ltd. increased its holdings in shares of Omnicom Group by 31.2% in the 2nd quarter. Invesco Ltd. now owns 2,558,062 shares of the business services provider’s stock valued at $204,619,000 after purchasing an additional 607,863 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Omnicom Group by 546.8% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 676,941 shares of the business services provider’s stock valued at $49,051,000 after purchasing an additional 572,275 shares during the period. Institutional investors own 91.87% of the company’s stock.

A number of equities analysts have recently weighed in on OMC shares. JPMorgan Chase & Co. upped their target price on Omnicom Group from $90.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, October 5th. Zacks Investment Research downgraded Omnicom Group from a “hold” rating to a “sell” rating and set a $81.00 target price on the stock. in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $84.67.

NYSE:OMC opened at $79.60 on Friday. The stock’s 50 day moving average price is $71.60 and its 200 day moving average price is $73.15. Omnicom Group Inc. has a 52 week low of $61.46 and a 52 week high of $86.38. The company has a market capitalization of $16.92 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.44 and a beta of 0.84. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.91 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Monday, October 18th. The business services provider reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.28. Omnicom Group had a return on equity of 36.95% and a net margin of 9.79%. The firm had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 6.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 11th. Shareholders of record on Tuesday, December 21st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.52%. Omnicom Group’s payout ratio is currently 43.61%.

In other Omnicom Group news, Director Linda Johnson Rice sold 1,817 shares of the company’s stock in a transaction that occurred on Tuesday, November 9th. The stock was sold at an average price of $68.89, for a total transaction of $125,173.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Omnicom Group Profile

Omnicom Group, Inc is a holding company, which engages in the management and provision of advertising agencies. The firm offers marketing and corporate communications services. Its agency networks operates in the advertising, marketing, and corporate communications services industry, which are organized into regions, such as the Americas, EMEA and Asia-Pacific.

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

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