Point72 Asia Singapore Pte. Ltd. Makes New Investment in Omnicom Group Inc. (NYSE:OMC)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,435 shares of the business services provider's stock, valued at approximately $3,089,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in OMC. Richardson Financial Services Inc. bought a new position in shares of Omnicom Group during the 4th quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Omnicom Group in the 2nd quarter worth about $33,000. Innealta Capital LLC acquired a new stake in shares of Omnicom Group in the 2nd quarter worth about $33,000. EverSource Wealth Advisors LLC raised its holdings in shares of Omnicom Group by 47.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 429 shares of the business services provider's stock worth $37,000 after acquiring an additional 139 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group in the 1st quarter worth about $50,000. Institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

Omnicom Group stock traded down $1.08 during mid-day trading on Wednesday, reaching $100.65. The company's stock had a trading volume of 919,261 shares, compared to its average volume of 1,547,709. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $104.80. The company has a market capitalization of $19.69 billion, a P/E ratio of 13.61, a PEG ratio of 2.38 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 fifty day moving average price is $96.82 and its two-hundred day moving average price is $94.22.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period in the previous year, the business earned $1.81 EPS. Omnicom Group's revenue was up 6.8% compared to the same quarter last year. Sell-side analysts predict that Omnicom Group Inc. will post 7.88 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a $0.70 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.78%. Omnicom Group's dividend payout ratio is 37.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on OMC shares. Bank of America upped their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an "underperform" rating in a report on Thursday, September 5th. Macquarie restated an "outperform" rating and issued a $110.00 target price on shares of Omnicom Group in a report on Wednesday, July 17th. Finally, UBS Group increased their price objective 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.30.

Insider Activity at Omnicom Group

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the business's 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 completion of the transaction, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the business's 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 completion of the transaction, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda Johnson Rice sold 488 shares of Omnicom Group 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 sale, the director now directly owns 10,356 shares of the company's stock, valued at $941,153.28. The disclosure for this sale can be found here. 1.30% of the stock is owned by company 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.