Unigestion Holding SA Acquires Shares of 7,322 Omnicom Group Inc. (NYSE:OMC)

Unigestion Holding SA acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,322 shares of the business services provider's stock, valued at approximately $757,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OMC. Envestnet Portfolio Solutions Inc. grew its position in shares of Omnicom Group by 4.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,302 shares of the business services provider's stock valued at $1,193,000 after purchasing an additional 510 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Omnicom Group by 3,657.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 107,550 shares of the business services provider's stock worth $9,647,000 after buying an additional 104,688 shares during the period. Blue Trust Inc. lifted its holdings in shares of Omnicom Group by 159.4% during the second quarter. Blue Trust Inc. now owns 1,209 shares of the business services provider's stock worth $117,000 after buying an additional 743 shares in the last quarter. Gradient Investments LLC boosted its position in shares of Omnicom Group by 15,916.7% in the second quarter. Gradient Investments LLC now owns 961 shares of the business services provider's stock valued at $86,000 after acquiring an additional 955 shares during the period. Finally, Boston Trust Walden Corp grew its stake in shares of Omnicom Group by 8.2% in the second quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider's stock valued at $16,723,000 after acquiring an additional 14,153 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Down 2.1 %

Shares of Omnicom Group stock traded down $1.94 during trading on Thursday, hitting $90.16. The company's stock had a trading volume of 2,303,855 shares, compared to its average volume of 1,604,546. The stock has a market cap of $17.59 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 2.32 and a beta of 0.94. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group Inc. has a 52 week low of $82.97 and a 52 week high of $107.00. The stock has a 50-day moving average price of $102.03 and a two-hundred day moving average price of $97.29.

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

Omnicom Group Announces Dividend

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 of this dividend is Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.11%. Omnicom Group's dividend payout ratio (DPR) is presently 38.25%.

Insider Activity

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

Analyst Ratings Changes

Several brokerages have weighed in on OMC. Wells Fargo & Company dropped their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday. Bank of America lifted their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the company an "underperform" rating in a research report on Thursday, September 5th. UBS Group increased their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Macquarie reiterated an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $108.89.

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.