Omnicom Group Inc. (NYSE:OMC) Stock Position Raised by Iowa State Bank

Iowa State Bank lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,447 shares of the business services provider’s stock after buying an additional 101 shares during the period. Iowa State Bank’s holdings in Omnicom Group were worth $2,528,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of OMC. Optimist Retirement Group LLC acquired a new position in Omnicom Group during the 4th quarter valued at about $257,000. V Square Quantitative Management LLC lifted its stake in shares of Omnicom Group by 23.1% in the 4th quarter. V Square Quantitative Management LLC now owns 4,669 shares of the business services provider’s stock worth $404,000 after acquiring an additional 877 shares during the period. Sierra Summit Advisors LLC acquired a new stake in shares of Omnicom Group in the 4th quarter worth approximately $529,000. Beacon Financial Group lifted its stake in shares of Omnicom Group by 7.1% in the 4th quarter. Beacon Financial Group now owns 9,698 shares of the business services provider’s stock worth $839,000 after acquiring an additional 645 shares during the period. Finally, Syon Capital LLC lifted its stake in shares of Omnicom Group by 11.6% in the 4th quarter. Syon Capital LLC now owns 3,335 shares of the business services provider’s stock worth $289,000 after acquiring an additional 346 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 1.1 %

Omnicom Group stock opened at $102.86 on Friday. The firm has a market cap of $20.12 billion, a PE ratio of 14.23, a P/E/G ratio of 2.39 and a beta of 0.94. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The firm’s 50 day moving average price is $99.03 and its two-hundred day moving average price is $94.96. Omnicom Group Inc. has a twelve month low of $73.28 and a twelve month high of $104.80.

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, beating the consensus estimate of $1.88 by $0.07. The firm had revenue of $3.85 billion for 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 company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.81 EPS. On average, research analysts predict that Omnicom Group Inc. will post 7.88 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were paid a $0.70 dividend. The ex-dividend date was Friday, September 20th. This represents a $2.80 annualized dividend and a yield of 2.72%. Omnicom Group’s dividend payout ratio is presently 38.73%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Bank of America increased their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on shares of Omnicom Group from $106.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. UBS Group increased their target price on shares of Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Macquarie reissued an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.30.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 488 shares of the 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 transaction, the director now owns 10,356 shares in the company, valued at $941,153.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the transaction, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda Johnson Rice sold 488 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the transaction, the director now owns 10,356 shares in the company, valued at approximately $941,153.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company 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.