Toronto Dominion Bank Has $16.20 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Toronto Dominion Bank grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.6% during the second quarter, Holdings Channel.com reports. The firm owned 202,586 shares of the business services provider’s stock after acquiring an additional 1,153 shares during the quarter. Toronto Dominion Bank’s holdings in Omnicom Group were worth $16,202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Omnicom Group by 12.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 81,585 shares of the business services provider’s stock valued at $6,526,000 after buying an additional 9,007 shares in the last quarter. Parnassus Investments CA grew its stake in shares of Omnicom Group by 5.3% in the second quarter. Parnassus Investments CA now owns 1,332,057 shares of the business services provider’s stock valued at $106,551,000 after buying an additional 66,648 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of Omnicom Group by 448.9% in the first quarter. Vontobel Holding Ltd. now owns 22,649 shares of the business services provider’s stock valued at $1,679,000 after buying an additional 18,523 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Omnicom Group in the first quarter valued at $2,630,000. Finally, Natixis Advisors L.P. grew its stake in shares of Omnicom Group by 11.5% in the first quarter. Natixis Advisors L.P. now owns 21,109 shares of the business services provider’s stock valued at $1,565,000 after buying an additional 2,175 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Thursday, July 22nd. Morgan Stanley reduced their price objective on shares of Omnicom Group from $79.00 to $76.00 and set an “underweight” rating for the company in a research report on Wednesday, July 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $76.50.

OMC stock opened at $73.09 on Friday. The company has a fifty day moving average price of $73.82 and a two-hundred day moving average price of $77.70. The stock has a market cap of $15.67 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92. Omnicom Group Inc. has a one year low of $44.50 and a one year high of $86.38. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.00 and a quick ratio of 0.92.

Omnicom Group (NYSE:OMC) last announced its earnings results on Monday, July 19th. The business services provider reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.08. The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Omnicom Group had a net margin of 9.65% and a return on equity of 35.92%. Omnicom Group’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 earnings per share. Research analysts anticipate that Omnicom Group Inc. will post 6.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 12th. Stockholders of record on Tuesday, September 21st will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, September 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.83%. Omnicom Group’s payout ratio is presently 55.45%.

Omnicom Group Company 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.

Further Reading: Guidelines for Successful Channel Trading

Want to see what other hedge funds are holding OMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc. (NYSE:OMC).

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

Receive News & Ratings for Omnicom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group and related companies with MarketBeat.com's FREE daily email newsletter.