Two Sigma Securities LLC lowered its position in shares of Omnicom Group Inc. (NYSE:OMC – Free Report) by 54.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,574 shares of the business services provider’s stock after selling 17,299 shares during the period. Two Sigma Securities LLC’s holdings in Omnicom Group were worth $1,061,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Omnicom Group in the second quarter valued at $2,082,476,000. Bank of New York Mellon Corp bought a new position in Omnicom Group during the 2nd quarter valued at $914,156,000. State Street Corp grew its holdings in Omnicom Group by 40.4% during the 4th quarter. State Street Corp now owns 23,676,768 shares of the business services provider’s stock worth $1,933,891,000 after acquiring an additional 6,813,441 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Omnicom Group by 522.9% in the 4th quarter. Wellington Management Group LLP now owns 5,199,477 shares of the business services provider’s stock worth $419,858,000 after purchasing an additional 4,364,797 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Omnicom Group by 57.1% in the 4th quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock valued at $690,327,000 after purchasing an additional 3,117,188 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.
Insider Activity at Omnicom Group
In other news, Director Linda Johnson Rice sold 1,385 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $88.73, for a total value of $122,891.05. Following the completion of the transaction, the director directly owned 11,719 shares in the company, valued at $1,039,826.87. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on OMC
Omnicom Group Stock Performance
OMC opened at $87.67 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97. The business’s 50 day moving average is $82.01 and its 200-day moving average is $78.34. The stock has a market cap of $24.05 billion, a PE ratio of 75.58, a price-to-earnings-growth ratio of 0.59 and a beta of 0.64. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $89.57.
Omnicom Group (NYSE:OMC – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). The business had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The company’s revenue was up 63.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 EPS. On average, analysts predict that Omnicom Group Inc. will post 10.35 earnings per share for the current year.
Omnicom Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, September 18th. Omnicom Group’s dividend payout ratio is currently 275.86%.
Omnicom Group Profile
Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.
The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.
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