Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 6.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,435 shares of the business services provider’s stock after acquiring an additional 4,594 shares during the period. Stifel Financial Corp’s holdings in Omnicom Group were worth $7,489,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OMC. Innealta Capital LLC acquired a new stake in shares of Omnicom Group during the 2nd quarter valued at approximately $33,000. Northwest Investment Counselors LLC purchased a new position in Omnicom Group in the 3rd quarter valued at approximately $33,000. Davis Capital Management acquired a new position in Omnicom Group during the third quarter worth $36,000. HM Payson & Co. boosted its position in Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its holdings in Omnicom Group by 66.3% in the second quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. This trade represents a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Omnicom Group Trading Down 2.1 %

Shares of Omnicom Group stock opened at $90.16 on Friday. The firm has a market cap of $17.59 billion, a PE ratio of 12.32, a P/E/G ratio of 2.32 and a beta of 0.94. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a fifty-two week low of $82.97 and a fifty-two week high of $107.00. The business’s fifty day moving average is $102.03 and its two-hundred day moving average is $97.29.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The firm 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 period last year, the company earned $1.86 EPS. Analysts anticipate that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.11%. Omnicom Group’s payout ratio is 38.25%.

Omnicom Group 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.