Security National Bank of Sioux City Iowa IA lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,858 shares of the business services provider’s stock after purchasing an additional 35 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Omnicom Group were worth $983,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC increased its stake in shares of Omnicom Group by 8.7% in the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock worth $102,000 after purchasing an additional 104 shares during the period. Dupont Capital Management Corp acquired a new stake in Omnicom Group during the second quarter worth about $104,000. Acrospire Investment Management LLC acquired a new stake in Omnicom Group during the second quarter worth about $149,000. Invictus RG grew its position in Omnicom Group by 1,098.2% during 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 in the last quarter. Finally, FNY Partners Fund LP grew its position in Omnicom Group by 46.7% during 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 in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada set a $96.00 target price on Omnicom Group and gave the stock a “buy” rating in a research report on Saturday, July 22nd. BidaskClub downgraded Omnicom Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reissued a “hold” rating and set a $82.00 target price on shares of Omnicom Group in a research report on Friday, July 14th. Finally, BMO Capital Markets reissued a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a research report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $85.92.
Omnicom Group (NYSE:OMC) last announced its earnings results on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.02. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same period last year, the firm earned $1.36 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts forecast that Omnicom Group Inc. will post $5.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 22nd will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, September 21st. This represents a $2.20 annualized dividend and a dividend yield of 2.95%. Omnicom Group’s dividend payout ratio is presently 44.44%.
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In other news, Treasurer Dennis E. Hewitt sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total transaction of $71,199.00. Following the transaction, the treasurer now directly owns 44,161 shares of the company’s stock, valued at $3,493,576.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda Johnson Rice sold 483 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the transaction, the director now directly owns 7,724 shares in the company, valued at $634,835.56. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
About Omnicom Group
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.
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