Wilmington Savings Fund Society FSB Invests $740,000 in Omnicom Group Inc. (NYSE:OMC)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,161 shares of the business services provider's stock, valued at approximately $740,000.

Several other large investors also recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in shares of Omnicom Group during the 2nd quarter worth $33,000. Northwest Investment Counselors LLC bought a new position in Omnicom Group during the 3rd quarter worth about $33,000. Davis Capital Management purchased a new position in Omnicom Group during the 3rd quarter valued at about $36,000. HM Payson & Co. raised its holdings in shares of Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock valued at $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its position in shares of Omnicom Group by 66.3% in the 2nd quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider's stock worth $50,000 after purchasing an additional 224 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OMC has been the topic of several research reports. Bank of America lifted their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the company an "underperform" rating in a report on Thursday, September 5th. Wells Fargo & Company cut their price target on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Barclays boosted their target price 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. Finally, Macquarie restated an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Omnicom Group presently has an average rating of "Moderate Buy" and an average price target of $110.00.

Insider Buying and Selling at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the business's stock in a transaction on 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. The trade was a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company's stock.

Omnicom Group Stock Up 0.6 %

Shares of OMC traded up $0.57 during mid-day trading on Monday, hitting $90.89. 2,912,357 shares of the company traded hands, compared to its average volume of 1,611,927. The company has a market capitalization of $17.73 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 2.07 and a beta of 0.94. 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 business has a 50 day moving average of $101.58 and a 200 day moving average of $97.27. Omnicom Group Inc. has a 1-year low of $84.43 and a 1-year high of $107.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.01. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates 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 prior year, the business posted $1.86 EPS. Equities research analysts anticipate that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.08%. Omnicom Group's payout ratio is presently 38.25%.

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.