FSB Premier Wealth Management Inc. Increases Stock Position in Omnicom Group Inc. (NYSE:OMC)

FSB Premier Wealth Management Inc. raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 22.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,077 shares of the business services provider’s stock after purchasing an additional 930 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Omnicom Group were worth $455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Center For Asset Management LLC raised its holdings in shares of Omnicom Group by 2.6% during the 2nd quarter. Center For Asset Management LLC now owns 4,277 shares of the business services provider’s stock valued at $384,000 after buying an additional 107 shares in the last quarter. Marino Stram & Associates LLC raised its stake in shares of Omnicom Group by 1.0% during the first quarter. Marino Stram & Associates LLC now owns 11,613 shares of the business services provider’s stock worth $1,124,000 after acquiring an additional 110 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Omnicom Group by 2.9% during the first quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock worth $413,000 after acquiring an additional 119 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Omnicom Group by 18.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the business services provider’s stock worth $70,000 after acquiring an additional 119 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Omnicom Group by 2.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the business services provider’s stock valued at $594,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Down 1.1 %

NYSE OMC opened at $99.33 on Wednesday. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $100.61. The stock has a market capitalization of $19.43 billion, a PE ratio of 13.42, a PEG ratio of 2.36 and a beta of 0.95. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. The business’s 50-day moving average is $93.80 and its 200 day moving average is $93.02.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.07. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the business posted $1.81 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Sell-side analysts forecast that Omnicom Group Inc. will post 7.95 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed 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 2.82%. The ex-dividend date is Friday, September 20th. Omnicom Group’s payout ratio is currently 37.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on OMC shares. Macquarie reiterated an “outperform” rating and issued a $110.00 target price on shares of Omnicom Group in a research report on Wednesday, July 17th. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $100.00 to $110.00 in a report on Tuesday, May 7th. Finally, UBS Group increased their target price on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.70.

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the sale, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the transaction, the director now directly owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Omnicom Group 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.