Omnicom Group Inc. (OMC) Shares Bought by Laurion Capital Management LP
Laurion Capital Management LP raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 1,425.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,400 shares of the business services provider’s stock after purchasing an additional 79,800 shares during the quarter. Laurion Capital Management LP’s holdings in Omnicom Group were worth $7,080,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of OMC. Parallel Advisors LLC raised its position in Omnicom Group by 8.7% in the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 104 shares during the period. Dupont Capital Management Corp purchased a new stake in Omnicom Group in the second quarter valued at $104,000. Invictus RG raised its position in Omnicom Group by 1,098.2% in the first quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 1,812 shares during the period. FNY Partners Fund LP raised its position in 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 valued at $189,000 after purchasing an additional 700 shares during the period. Finally, Global X Management Co. LLC raised its position in 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 valued at $194,000 after purchasing an additional 510 shares during the period. Institutional investors own 98.71% of the company’s stock.
Omnicom Group Inc. (NYSE:OMC) traded down 0.34% on Friday, reaching $73.04. The company had a trading volume of 2,918,201 shares. The firm has a 50-day moving average of $75.69 and a 200-day moving average of $81.45. The stock has a market capitalization of $16.85 billion, a P/E ratio of 14.75 and a beta of 1.27. Omnicom Group Inc. has a 12 month low of $71.63 and a 12 month high of $89.66.
Omnicom Group (NYSE:OMC) last released 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. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period last year, the company posted $1.36 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts expect that Omnicom Group Inc. will post $5.08 earnings per share 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 $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s dividend payout ratio (DPR) is presently 44.44%.
In other Omnicom Group news, Director Linda Johnson Rice sold 483 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $82.19, for a total value of $39,697.77. Following the transaction, the director now directly owns 7,724 shares of the company’s stock, valued at $634,835.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Dennis E. Hewitt sold 900 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total value 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 disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Several equities research analysts recently issued reports on the company. Royal Bank Of Canada set a $96.00 price objective on Omnicom Group and gave the company a “buy” rating in a report on Saturday, July 22nd. Zacks Investment Research downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Macquarie downgraded Omnicom Group from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $90.00 to $83.00 in a report on Tuesday, June 6th. BidaskClub downgraded Omnicom Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $82.00 price objective on shares of Omnicom Group in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.92.
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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