Xponance Inc. Cuts Holdings in Omnicom Group Inc. (NYSE:OMC)

Xponance Inc. lessened its stake in Omnicom Group Inc. (NYSE:OMC) by 6.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 27,823 shares of the business services provider’s stock after selling 1,805 shares during the quarter. Xponance Inc.’s holdings in Omnicom Group were worth $2,496,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in OMC. Richardson Financial Services Inc. acquired a new position in shares of Omnicom Group during the fourth quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Omnicom Group during the 2nd quarter worth about $33,000. Innealta Capital LLC acquired a new position in shares of Omnicom Group during the 2nd quarter worth about $33,000. Northwest Investment Counselors LLC purchased a new position in shares of Omnicom Group in the 1st quarter valued at about $50,000. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Omnicom Group during the 1st quarter worth about $52,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, 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 link. In other news, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction on 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 approximately $941,153.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the sale, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group increased their price target on shares of Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Macquarie reiterated an “outperform” rating and set a $110.00 price target on shares of Omnicom Group in a research note on Wednesday, July 17th. Finally, Bank of America upped their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.30.

Omnicom Group Stock Up 2.3 %

OMC stock opened at $103.00 on Friday. The stock has a market capitalization of $20.15 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 2.38 and a beta of 0.94. The company has a fifty day moving average of $97.00 and a 200-day moving average of $94.27. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $104.80.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 EPS. As a group, analysts expect that Omnicom Group Inc. will post 7.88 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio is presently 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.