Drucker Wealth 3.0 LLC Invests $3.45 Million in Omnicom Group Inc. (NYSE:OMC)

Drucker Wealth 3.0 LLC purchased a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,484 shares of the business services provider's stock, valued at approximately $3,452,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Boston Partners raised its holdings in shares of Omnicom Group by 11.0% during the 1st quarter. Boston Partners now owns 3,874,857 shares of the business services provider's stock worth $374,795,000 after buying an additional 383,560 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Omnicom Group by 37.0% during the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider's stock worth $296,717,000 after buying an additional 892,494 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Omnicom Group by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider's stock valued at $269,734,000 after acquiring an additional 165,136 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Omnicom Group by 7.7% during the 4th quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider's stock valued at $224,832,000 after acquiring an additional 186,562 shares in the last quarter. Finally, Cooke & Bieler LP grew its position in Omnicom Group by 4.8% during the 2nd quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider's stock worth $215,249,000 after acquiring an additional 109,406 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on OMC shares. Bank of America upped their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an "underperform" rating in a research note on Thursday, September 5th. Macquarie reaffirmed an "outperform" rating and set a $110.00 price target on shares of Omnicom Group in a research note on Wednesday, July 17th. Finally, UBS Group boosted their price objective on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $106.30.

Omnicom Group Trading Up 1.3 %

Shares of OMC stock traded up $1.29 during trading hours on Thursday, hitting $101.94. 156,312 shares of the company were exchanged, compared to its average volume of 1,540,228. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $104.80. The company has a 50 day simple moving average of $97.00 and a two-hundred day simple moving average of $94.27. The firm has a market cap of $19.94 billion, a P/E ratio of 13.74, a P/E/G ratio of 2.38 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results 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 during 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 revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 earnings per share. Equities analysts anticipate that Omnicom Group Inc. will post 7.88 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.80 annualized dividend and a yield of 2.75%. Omnicom Group's payout ratio is currently 37.84%.

Insider Buying and Selling at Omnicom Group

In related news, 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 value of $44,349.44. Following the transaction, the director now directly owns 10,356 shares in the company, valued at approximately $941,153.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Linda Johnson Rice sold 488 shares of the company's 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 completion of the sale, the director now owns 10,356 shares in the company, valued at $941,153.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business's stock in a transaction dated 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 $1,524,738.75. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

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.