Natixis Advisors LLC Sells 6,367 Shares of Omnicom Group Inc. (NYSE:OMC)

Natixis Advisors LLC lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,724 shares of the business services provider’s stock after selling 6,367 shares during the quarter. Natixis Advisors LLC owned 0.08% of Omnicom Group worth $13,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Frazier Financial Advisors LLC bought a new position in Omnicom Group during the fourth quarter valued at about $26,000. Richardson Financial Services Inc. bought a new position in shares of Omnicom Group during the 4th quarter valued at approximately $29,000. Innealta Capital LLC purchased a new stake in shares of Omnicom Group during the 2nd quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Omnicom Group in the 2nd quarter worth approximately $33,000. Finally, First United Bank & Trust purchased a new position in Omnicom Group in the fourth quarter valued at approximately $35,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OMC has been the subject of a number of recent research reports. UBS Group raised their target price on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Macquarie reissued an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.70.

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 10,356 shares of the company’s stock, valued at $941,153.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, the vice president now owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $90.88, for a total value of $44,349.44. Following the sale, the director now directly owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

NYSE:OMC opened at $98.75 on Thursday. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $102.13. The business’s fifty day moving average is $94.00 and its 200 day moving average is $93.06. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The firm has a market cap of $19.32 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.36 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the firm posted $1.81 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts predict that Omnicom Group Inc. will post 7.95 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

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.