Omnicom Group Inc. (OMC) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in Omnicom Group Inc. (NYSE:OMC) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,072 shares of the business services provider’s stock after buying an additional 417 shares during the period. Janney Montgomery Scott LLC’s holdings in Omnicom Group were worth $1,664,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cribstone Capital Management LLC bought a new position in shares of Omnicom Group during the first quarter worth approximately $164,000. Invictus RG boosted its position in shares of Omnicom Group by 1,098.2% in the first quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock worth $170,000 after buying an additional 1,812 shares during the last quarter. FNY Partners Fund LP boosted its position in shares of Omnicom Group by 46.7% in the first quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock worth $189,000 after buying an additional 700 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Omnicom Group by 29.4% in the first quarter. Global X Management Co. LLC now owns 2,245 shares of the business services provider’s stock worth $194,000 after buying an additional 510 shares during the last quarter. Finally, Huntington Steele LLC bought a new position in shares of Omnicom Group during the first quarter worth approximately $202,000. 98.02% of the stock is owned by institutional investors.

Omnicom Group Inc. (NYSE OMC) traded down 1.15% during mid-day trading on Friday, hitting $76.76. The stock had a trading volume of 1,402,601 shares. The firm has a market cap of $17.71 billion, a PE ratio of 15.50 and a beta of 1.25. The company’s 50 day moving average price is $80.03 and its 200 day moving average price is $83.10. Omnicom Group Inc. has a 52 week low of $76.74 and a 52 week high of $89.66.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.38 by $0.02. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.74 billion. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The company’s revenue was down 2.4% on a year-over-year basis. During the same period in the prior 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 declared a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 22nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.20 annualized dividend and a yield of 2.87%. Omnicom Group’s payout ratio is 44.44%.

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OMC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Friday, July 14th. BidaskClub cut Omnicom Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada set a $96.00 price target on Omnicom Group and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Jefferies Group LLC restated a “hold” rating and issued a $82.00 price target on shares of Omnicom Group in a research report on Friday, July 14th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $79.00 price target (down previously from $81.00) on shares of Omnicom Group in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Omnicom Group currently has an average rating of “Hold” and a consensus target price of $86.00.

In related news, Chairman Bruce Crawford sold 22,800 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the transaction, the chairman now directly owns 105,250 shares in the company, valued at approximately $8,936,777.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Treasurer Dennis E. Hewitt sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total value of $71,199.00. Following the transaction, the treasurer now owns 44,161 shares in the company, valued at $3,493,576.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,183 shares of company stock worth $2,046,845. 1.10% of the stock is owned by corporate 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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