Quantinno Capital Management LP Boosts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Quantinno Capital Management LP grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 25.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,286 shares of the business services provider’s stock after buying an additional 4,262 shares during the period. Quantinno Capital Management LP’s holdings in Omnicom Group were worth $2,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Boston Trust Walden Corp boosted its holdings in Omnicom Group by 8.2% in the second quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock valued at $16,723,000 after purchasing an additional 14,153 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in Omnicom Group by 16.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock worth $295,000 after acquiring an additional 401 shares in the last quarter. Assetmark Inc. raised its stake in Omnicom Group by 2.0% during the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock worth $50,562,000 after acquiring an additional 9,774 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Omnicom Group by 40.9% in the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after acquiring an additional 8,643 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. boosted its stake in Omnicom Group by 569.2% in the third quarter. Transamerica Financial Advisors Inc. now owns 10,881 shares of the business services provider’s stock valued at $1,125,000 after acquiring an additional 9,255 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Bank of America boosted their target price on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. Wells Fargo & Company reduced their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday. Macquarie raised their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Barclays upped their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and an average price target of $108.89.

Omnicom Group Stock Down 0.4 %

OMC stock opened at $92.46 on Wednesday. Omnicom Group Inc. has a one year low of $82.26 and a one year high of $107.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The company has a fifty day moving average of $102.43 and a 200-day moving average of $97.34. The stock has a market capitalization of $18.04 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 2.32 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter in the previous year, the company earned $1.86 EPS. As a group, analysts expect that Omnicom Group Inc. will post 7.94 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.03%. The ex-dividend date is Friday, December 20th. Omnicom Group’s payout ratio is 38.25%.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. This represents a 14.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.