HighTower Advisors LLC Acquires 5,329 Shares of Omnicom Group Inc. (NYSE:OMC)

HighTower Advisors LLC boosted its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 2.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 277,250 shares of the business services provider's stock after buying an additional 5,329 shares during the period. HighTower Advisors LLC owned approximately 0.14% of Omnicom Group worth $28,669,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Park Avenue Securities LLC lifted its holdings in shares of Omnicom Group by 52.6% during the second quarter. Park Avenue Securities LLC now owns 10,038 shares of the business services provider's stock worth $900,000 after purchasing an additional 3,460 shares during the period. Manning & Napier Advisors LLC bought a new stake in Omnicom Group in the second quarter valued at $6,132,000. SG Americas Securities LLC increased its stake in Omnicom Group by 37.0% in the second quarter. SG Americas Securities LLC now owns 64,481 shares of the business services provider's stock valued at $5,784,000 after purchasing an additional 17,414 shares in the last quarter. Sound Income Strategies LLC increased its stake in Omnicom Group by 7.8% in the second quarter. Sound Income Strategies LLC now owns 224,208 shares of the business services provider's stock valued at $20,111,000 after purchasing an additional 16,133 shares in the last quarter. Finally, Czech National Bank increased its stake in Omnicom Group by 7.1% in the second quarter. Czech National Bank now owns 37,319 shares of the business services provider's stock valued at $3,348,000 after purchasing an additional 2,482 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays boosted their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. UBS Group boosted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Wells Fargo & Company downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. Finally, Bank of America boosted their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an "underperform" rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $110.11.

Omnicom Group Stock Performance

OMC traded up $0.28 during midday trading on Friday, reaching $103.42. The company had a trading volume of 1,115,249 shares, compared to its average volume of 1,540,209. The business has a 50-day moving average price of $102.63 and a two-hundred day moving average price of $97.27. Omnicom Group Inc. has a 12-month low of $81.41 and a 12-month high of $107.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The stock has a market cap of $20.18 billion, a PE ratio of 14.19, a P/E/G ratio of 2.33 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.01. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter in the previous year, the firm posted $1.86 earnings per share. On average, sell-side analysts expect that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, December 20th. Omnicom Group's dividend payout ratio (DPR) is presently 38.25%.

Insider Buying and Selling

In other news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the transaction, the chief accounting officer now owns 23,545 shares of the company's stock, valued at $2,479,053.05. This represents a 14.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by insiders.

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.