Quantitative Investment Management LLC Has $2.44 Million Position in Omnicom Group Inc. $OMC

Quantitative Investment Management LLC raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 205.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,561 shares of the business services provider’s stock after purchasing an additional 22,569 shares during the quarter. Quantitative Investment Management LLC’s holdings in Omnicom Group were worth $2,444,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Pure Financial Advisors LLC increased its position in shares of Omnicom Group by 3.1% during the second quarter. Pure Financial Advisors LLC now owns 4,464 shares of the business services provider’s stock worth $325,000 after acquiring an additional 135 shares in the last quarter. Wakefield Asset Management LLLP lifted its position in Omnicom Group by 2.6% in the 4th quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock valued at $477,000 after acquiring an additional 149 shares in the last quarter. Caldwell Trust Co lifted its position in Omnicom Group by 29.0% in the 1st quarter. Caldwell Trust Co now owns 662 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 149 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in Omnicom Group by 39.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 153 shares during the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC boosted its stake in Omnicom Group by 3.5% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider’s stock valued at $395,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Buying and Selling at Omnicom Group

In other news, Director Linda Johnson Rice sold 1,385 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $88.73, for a total transaction of $122,891.05. Following the completion of the transaction, the director owned 11,719 shares in the company, valued at approximately $1,039,826.87. This represents a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Omnicom Group Trading Up 0.0%

Shares of OMC stock opened at $88.32 on Monday. The company has a 50 day moving average of $81.71 and a 200-day moving average of $78.24. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $89.57. The firm has a market cap of $24.23 billion, a P/E ratio of 76.14, a PEG ratio of 0.59 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The company had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the firm posted $2.05 EPS. The company’s revenue for the quarter was up 63.4% compared to the same quarter last year. Sell-side analysts anticipate that Omnicom Group Inc. will post 10.35 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s dividend payout ratio is currently 275.86%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citigroup lowered their price objective on Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Weiss Ratings upgraded Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Wells Fargo & Company increased their price target on Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Zacks Research lowered Omnicom Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group assumed coverage on Omnicom Group in a research note on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $99.00.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.