Omnicom Group Inc. (OMC) Stake Lifted by Stifel Financial Corp

Stifel Financial Corp grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 19.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,179 shares of the business services provider’s stock after purchasing an additional 8,223 shares during the quarter. Stifel Financial Corp’s holdings in Omnicom Group were worth $4,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Jensen Investment Management Inc. lifted its stake in shares of Omnicom Group by 11.3% in the 2nd quarter. Jensen Investment Management Inc. now owns 3,498,755 shares of the business services provider’s stock valued at $290,047,000 after purchasing an additional 354,285 shares during the period. Comgest Global Investors S.A.S. lifted its stake in shares of Omnicom Group by 2.2% in the 2nd quarter. Comgest Global Investors S.A.S. now owns 136,500 shares of the business services provider’s stock valued at $11,316,000 after purchasing an additional 3,000 shares during the period. Chatham Capital Group Inc. lifted its stake in shares of Omnicom Group by 2.7% in the 2nd quarter. Chatham Capital Group Inc. now owns 111,375 shares of the business services provider’s stock valued at $9,233,000 after purchasing an additional 2,965 shares during the period. Homrich & Berg increased its position in Omnicom Group by 10.3% in the 2nd quarter. Homrich & Berg now owns 8,160 shares of the business services provider’s stock valued at $676,000 after buying an additional 762 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its position in Omnicom Group by 60.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 10,204 shares of the business services provider’s stock valued at $846,000 after buying an additional 3,842 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Shares of Omnicom Group Inc. (NYSE:OMC) opened at 74.67 on Tuesday. The company has a market capitalization of $17.23 billion, a price-to-earnings ratio of 15.08 and a beta of 1.28. Omnicom Group Inc. has a one year low of $71.63 and a one year high of $89.66. The firm’s 50-day moving average price is $73.98 and its 200-day moving average price is $80.23.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.02. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 EPS. Analysts anticipate that Omnicom Group Inc. will post $5.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be given a $0.55 dividend. The ex-dividend date is Thursday, September 21st. This represents a $2.20 annualized dividend and a yield of 2.95%. Omnicom Group’s dividend payout ratio (DPR) is 44.44%.

A number of analysts recently commented on the company. Royal Bank Of Canada set a $96.00 target price on Omnicom Group and gave the company a “buy” rating in a research report on Saturday, July 22nd. Wells Fargo & Company reaffirmed a “hold” rating and issued a $84.00 target price on shares of Omnicom Group in a research report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $82.00 target price on shares of Omnicom Group in a research report on Friday, July 14th. Zacks Investment Research lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $79.00 target price (down from $81.00) on shares of Omnicom Group in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company. Omnicom Group has a consensus rating of “Hold” and an average price target of $85.92.

WARNING: This article was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://ledgergazette.com/2017/10/10/omnicom-group-inc-omc-stake-lifted-by-stifel-financial-corp.html.

In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 900 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total value of $71,199.00. Following the completion of the sale, the treasurer now directly owns 44,161 shares of the company’s stock, valued at approximately $3,493,576.71. The transaction was disclosed in a filing with the SEC, which is available through NYSE:OMC) opened at 74.67 on Tuesday. The company has a market capitalization of $17.23 billion, a price-to-earnings ratio of 15.08 and a beta of 1.28. Omnicom Group Inc. has a one year low of $71.63 and a one year high of $89.66. The firm’s 50-day moving average price is $73.98 and its 200-day moving average price is $80.23.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.02. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 EPS. Analysts anticipate that Omnicom Group Inc. will post $5.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be given a $0.55 dividend. The ex-dividend date is Thursday, September 21st. This represents a $2.20 annualized dividend and a yield of 2.95%. Omnicom Group’s dividend payout ratio (DPR) is 44.44%.

A number of analysts recently commented on the company. Royal Bank Of Canada set a $96.00 target price on Omnicom Group and gave the company a “buy” rating in a research report on Saturday, July 22nd. Wells Fargo & Company reaffirmed a “hold” rating and issued a $84.00 target price on shares of Omnicom Group in a research report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $82.00 target price on shares of Omnicom Group in a research report on Friday, July 14th. Zacks Investment Research lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $79.00 target price (down from $81.00) on shares of Omnicom Group in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company. Omnicom Group has a consensus rating of “Hold” and an average price target of $85.92.

WARNING: This article was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://ledgergazette.com/2017/10/10/omnicom-group-inc-omc-stake-lifted-by-stifel-financial-corp.html.

In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 900 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total value of $71,199.00. Following the completion of the sale, the treasurer now directly owns 44,161 shares of the company’s stock, valued at approximately $3,493,576.71. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Linda Johnson Rice sold 483 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $82.19, for a total transaction of $39,697.77. Following the completion of the sale, the director now directly owns 7,724 shares of the company’s stock, valued at $634,835.56. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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

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