Los Angeles Capital Management LLC Buys Shares of 626,280 Omnicom Group Inc. (NYSE:OMC)

Los Angeles Capital Management LLC bought a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 626,280 shares of the business services provider's stock, valued at approximately $56,177,000. Los Angeles Capital Management LLC owned 0.32% of Omnicom Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Frazier Financial Advisors LLC purchased a new stake in Omnicom Group in the fourth quarter worth approximately $26,000. Richardson Financial Services Inc. purchased a new position in Omnicom Group during the fourth quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Omnicom Group during the second quarter worth about $33,000. Innealta Capital LLC purchased a new stake in shares of Omnicom Group in the 2nd quarter worth approximately $33,000. Finally, First United Bank & Trust bought a new position in shares of Omnicom Group during the fourth quarter valued at $35,000. 91.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the stock in a transaction that occurred 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 $941,153.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the company's stock in a transaction dated Monday, August 26th. The stock was 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 of the company's stock, valued at approximately $1,524,738.75. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OMC. UBS Group increased their price target on Omnicom Group from $117.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 18th. Bank of America upped their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the company an "underperform" rating in a report on Thursday. Finally, Macquarie reiterated an "outperform" rating and set a $110.00 price target on shares of Omnicom Group in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.30.

Omnicom Group Price Performance

NYSE OMC traded down $1.17 during trading hours on Friday, reaching $98.74. The company's stock had a trading volume of 1,063,385 shares, compared to its average volume of 1,567,487. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $102.13. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $19.34 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.36 and a beta of 0.94. The firm's 50-day moving average price is $94.40 and its 200-day moving average price is $93.22.

Omnicom Group (NYSE:OMC - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.81 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post 7.95 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.84%. Omnicom Group's dividend payout ratio is currently 37.84%.

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.