Omnicom Group Inc. (NYSE:OMC) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 96,873 shares of the business services provider's stock after purchasing an additional 7,244 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Omnicom Group were worth $10,016,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of OMC. Bank of New York Mellon Corp lifted its position in shares of Omnicom Group by 37.0% in the 2nd 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 purchasing an additional 892,494 shares during the period. Cooke & Bieler LP lifted its position in shares of Omnicom Group by 4.8% in the 2nd quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider's stock worth $215,249,000 after purchasing an additional 109,406 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Omnicom Group by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider's stock worth $205,682,000 after purchasing an additional 364,665 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Omnicom Group by 6.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,420,264 shares of the business services provider's stock worth $127,398,000 after purchasing an additional 81,598 shares during the period. Finally, American Century Companies Inc. lifted its position in Omnicom Group by 0.3% during the second quarter. American Century Companies Inc. now owns 997,959 shares of the business services provider's stock valued at $89,517,000 after acquiring an additional 2,797 shares during the last quarter. Institutional investors own 91.97% of the company's stock.

Insider Transactions at Omnicom Group

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

Omnicom Group Stock Up 0.3 %

Omnicom Group stock traded up $0.28 during trading on Friday, reaching $103.42. The stock had a trading volume of 1,115,249 shares, compared to its average volume of 1,701,565. Omnicom Group Inc. has a 52-week low of $81.41 and a 52-week high of $107.00. The business has a 50 day moving average price of $102.64 and a 200 day moving average price of $97.34. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The stock has a market cap of $20.18 billion, a PE ratio of 14.13, a P/E/G ratio of 2.32 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate 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 earned $1.86 EPS. On average, analysts predict that Omnicom Group Inc. will post 7.94 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be paid a $0.70 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 2.71%. Omnicom Group's dividend payout ratio is currently 38.25%.

Analyst Ratings Changes

A number of research analysts have issued reports on OMC shares. UBS Group increased their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Barclays increased their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Wells Fargo & Company downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $106.00 to $110.00 in a report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Finally, Bank of America increased their price target 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Omnicom Group currently has an average rating of "Moderate Buy" and a consensus target price of $110.11.

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.