Omnicom Group Sees Unusually High Options Volume (OMC)

Omnicom Group Inc. (NYSE:OMC) saw unusually large options trading on Thursday. Investors acquired 5,164 put options on the stock. This is an increase of approximately 1,827% compared to the average volume of 268 put options.

Shares of Omnicom Group (NYSE OMC) opened at $75.92 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79. The company has a market capitalization of $17,133.19, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.98 and a beta of 1.23. Omnicom Group has a one year low of $65.32 and a one year high of $87.43.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. Omnicom Group’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 EPS. equities analysts forecast that Omnicom Group will post 5.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th were given a $0.60 dividend. This is an increase from Omnicom Group’s previous quarterly dividend of $0.55. The ex-dividend date was Monday, December 18th. This represents a $2.40 annualized dividend and a yield of 3.16%. Omnicom Group’s payout ratio is presently 47.81%.

OMC has been the topic of several recent research reports. Credit Suisse Group lifted their price objective on Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, October 18th. TheStreet lowered Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Telsey Advisory Group raised Omnicom Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $86.00 to $89.00 in a research note on Wednesday, October 18th. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Friday, October 13th. Finally, Argus raised Omnicom Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Omnicom Group presently has a consensus rating of “Hold” and a consensus target price of $84.36.

In other news, Director Linda Johnson Rice sold 489 shares of Omnicom Group stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total transaction of $36,342.48. Following the sale, the director now owns 7,777 shares of the company’s stock, valued at approximately $577,986.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter K. Sherman sold 8,310 shares of Omnicom Group stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the sale, the insider now directly owns 21,271 shares in the company, valued at approximately $1,580,648.01. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Security National Bank of Sioux City Iowa IA raised its position in Omnicom Group by 0.3% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 35 shares during the last quarter. Financial Counselors Inc. raised its position in Omnicom Group by 1.5% in the 2nd quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 54 shares during the last quarter. Security National Bank of SO Dak raised its position in Omnicom Group by 1.0% in the 2nd quarter. Security National Bank of SO Dak now owns 9,959 shares of the business services provider’s stock valued at $825,000 after purchasing an additional 100 shares during the last quarter. Zacks Investment Management raised its position in Omnicom Group by 1.4% in the 2nd quarter. Zacks Investment Management now owns 8,444 shares of the business services provider’s stock valued at $700,000 after purchasing an additional 114 shares during the last quarter. Finally, Bontempo Ohly Capital Mgmt LLC raised its position in Omnicom Group by 0.7% in the 2nd quarter. Bontempo Ohly Capital Mgmt LLC now owns 22,684 shares of the business services provider’s stock valued at $1,881,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 98.58% of the company’s stock.

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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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