Security National Bank of SO Dak Acquires 100 Shares of Omnicom Group Inc. (OMC)

Security National Bank of SO Dak grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,959 shares of the business services provider’s stock after acquiring an additional 100 shares during the period. Security National Bank of SO Dak’s holdings in Omnicom Group were worth $825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Jensen Investment Management Inc. raised its position in shares of Omnicom Group by 11.3% during 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. raised its position in shares of Omnicom Group by 2.2% during 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. raised its position in shares of Omnicom Group by 2.7% during 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 raised its position in shares of Omnicom Group by 10.3% during the 2nd quarter. Homrich & Berg now owns 8,160 shares of the business services provider’s stock valued at $676,000 after purchasing an additional 762 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its position in shares of Omnicom Group by 60.4% during 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 purchasing an additional 3,842 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 900 shares of the company’s stock in a transaction 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 completion of the transaction, the treasurer now directly owns 44,161 shares in the company, valued at $3,493,576.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 483 shares of the company’s stock in a transaction 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 owns 7,724 shares of the company’s stock, valued at $634,835.56. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Shares of Omnicom Group Inc. (NYSE:OMC) traded up 0.13% during mid-day trading on Tuesday, reaching $74.77. 389,261 shares of the company’s stock were exchanged. Omnicom Group Inc. has a 1-year low of $71.63 and a 1-year high of $89.66. The company’s 50 day moving average is $73.98 and its 200 day moving average is $80.23. The stock has a market capitalization of $17.25 billion, a PE ratio of 15.10 and a beta of 1.28.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 earnings per share for the quarter, topping the Zacks’ 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 revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. Equities research analysts anticipate that Omnicom Group Inc. will post $5.08 EPS for the current fiscal 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 dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Thursday, September 21st. Omnicom Group’s dividend payout ratio is presently 44.44%.

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Several analysts have recently commented on the stock. Citigroup Inc. upgraded shares of Omnicom Group from a “sell” rating to a “neutral” rating in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and set a $82.00 price objective on shares of Omnicom Group in a research report on Thursday, September 21st. Royal Bank Of Canada set a $96.00 price objective on shares of Omnicom Group and gave the company a “buy” rating in a research report on Tuesday, June 20th. Finally, BidaskClub downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. Omnicom Group presently has an average rating of “Hold” and a consensus target price of $85.92.

Omnicom Group 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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