ARGI Investment Services LLC Boosts Stake in Omnicom Group Inc. (NYSE:OMC)

ARGI Investment Services LLC lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,609 shares of the business services provider’s stock after purchasing an additional 4,011 shares during the period. ARGI Investment Services LLC’s holdings in Omnicom Group were worth $3,884,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of OMC. Jupiter Asset Management Ltd. increased its stake in shares of Omnicom Group by 595.2% during the third quarter. Jupiter Asset Management Ltd. now owns 252,797 shares of the business services provider’s stock valued at $18,310,000 after acquiring an additional 216,433 shares during the period. Strs Ohio increased its stake in shares of Omnicom Group by 4.8% during the third quarter. Strs Ohio now owns 31,836 shares of the business services provider’s stock valued at $2,306,000 after acquiring an additional 1,453 shares during the period. Verity & Verity LLC increased its stake in shares of Omnicom Group by 1.3% during the third quarter. Verity & Verity LLC now owns 121,890 shares of the business services provider’s stock valued at $8,289,000 after acquiring an additional 1,599 shares during the period. CAPROCK Group Inc. grew its position in Omnicom Group by 7.6% in the third quarter. CAPROCK Group Inc. now owns 9,614 shares of the business services provider’s stock worth $703,000 after buying an additional 677 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Omnicom Group by 250.1% in the third quarter. SG Americas Securities LLC now owns 105,053 shares of the business services provider’s stock worth $7,612,000 after buying an additional 75,046 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Linda Johnson Rice sold 1,817 shares of the stock in a transaction dated Tuesday, November 9th. The shares were sold at an average price of $68.89, for a total value of $125,173.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Shares of Omnicom Group stock traded up $0.23 during trading on Friday, hitting $79.12. 12,607 shares of the company’s stock traded hands, compared to its average volume of 2,164,121. The company has a market cap of $16.82 billion, a PE ratio of 12.29, a PEG ratio of 1.42 and a beta of 0.84. Omnicom Group Inc. has a twelve month low of $61.46 and a twelve month high of $86.38. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.00 and a quick ratio of 0.91. The firm’s fifty day moving average price is $71.38 and its 200 day moving average price is $73.14.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 11th. Shareholders of record on Tuesday, December 21st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Monday, December 20th. Omnicom Group’s payout ratio is presently 43.61%.

OMC has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Omnicom Group from $90.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 5th. Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating and set a $81.00 price target on the stock. in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $84.67.

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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