6,023 Shares in Omnicom Group Inc. (NYSE:OMC) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,023 shares of the business services provider’s stock, valued at approximately $583,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Beutel Goodman & Co Ltd. increased its holdings in shares of Omnicom Group by 1.0% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 4,197,767 shares of the business services provider’s stock valued at $363,148,000 after buying an additional 42,075 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Omnicom Group by 6.3% in the first quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider’s stock valued at $269,734,000 after buying an additional 165,136 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Omnicom Group by 7.7% in the fourth quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider’s stock valued at $224,832,000 after buying an additional 186,562 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Omnicom Group by 1.9% in the fourth quarter. Baird Financial Group Inc. now owns 2,370,253 shares of the business services provider’s stock valued at $205,051,000 after buying an additional 43,861 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Omnicom Group by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,855,879 shares of the business services provider’s stock valued at $160,557,000 after buying an additional 78,215 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Macquarie reiterated an “outperform” rating and set a $110.00 price objective on shares of Omnicom Group in a research report on Wednesday, July 17th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Finally, Moffett Nathanson lifted their price objective on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $104.70.

Omnicom Group Stock Down 3.0 %

NYSE:OMC traded down $2.85 during trading hours on Friday, reaching $92.00. The company’s stock had a trading volume of 1,861,062 shares, compared to its average volume of 1,631,181. The company has a market cap of $18.00 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 2.31 and a beta of 0.95. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $98.71. The business’s 50-day moving average is $91.49 and its 200-day moving average is $91.74. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81.

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

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio is 37.84%.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the transaction, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

About Omnicom Group

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.