Natixis Acquires 17,264 Shares of Omnicom Group Inc. (NYSE:OMC)

Natixis increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 94.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,460 shares of the business services provider’s stock after purchasing an additional 17,264 shares during the period. Natixis’ holdings in Omnicom Group were worth $3,431,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC acquired a new stake in Omnicom Group in the 4th quarter valued at approximately $26,000. Frazier Financial Advisors LLC acquired a new stake in Omnicom Group in the 4th quarter valued at approximately $26,000. Pinnacle Bancorp Inc. raised its position in Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. Richardson Financial Services Inc. acquired a new stake in Omnicom Group in the 4th quarter valued at approximately $29,000. Finally, First United Bank & Trust acquired a new stake in Omnicom Group in the 4th quarter valued at approximately $35,000. Institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of recent research reports. Moffett Nathanson lifted their target price on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. Macquarie reaffirmed an “outperform” rating and set a $110.00 price target on shares of Omnicom Group in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. boosted their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and an average price target of $104.70.

Omnicom Group Stock Up 0.6 %

OMC stock opened at $93.93 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $18.38 billion, a PE ratio of 12.61, a PEG ratio of 2.14 and a beta of 0.95. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $98.06. The business’s 50 day simple moving average is $91.39 and its 200 day simple moving average is $91.47.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.07. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 EPS. As a group, research analysts anticipate that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.80 annualized dividend and a yield of 2.98%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $90.88, for a total value of $44,349.44. Following the completion of the sale, the director now directly owns 10,356 shares in the company, valued at approximately $941,153.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.