Toronto Dominion Bank Has $6.90 Million Position in Omnicom Group Inc. (NYSE:OMC)

Toronto Dominion Bank cut its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 12.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,886 shares of the business services provider’s stock after selling 11,290 shares during the quarter. Toronto Dominion Bank’s holdings in Omnicom Group were worth $6,897,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in OMC. Boston Partners lifted its holdings in Omnicom Group by 11.0% during the 1st quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock valued at $374,795,000 after purchasing an additional 383,560 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Omnicom Group by 37.0% during the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock worth $296,717,000 after buying an additional 892,494 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Omnicom Group by 6.3% in the first quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider’s stock valued at $269,734,000 after acquiring an additional 165,136 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Omnicom Group by 7.7% in the 4th quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider’s stock worth $224,832,000 after acquiring an additional 186,562 shares in the last quarter. Finally, Cooke & Bieler LP grew its position in Omnicom Group by 4.8% during the 2nd quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider’s stock worth $215,249,000 after acquiring an additional 109,406 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Omnicom Group

In other news, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $90.88, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred on 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 directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction that occurred on Friday, July 19th. The shares were 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 directly owns 10,356 shares in the company, 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 Trading Down 0.3 %

OMC opened at $102.67 on Friday. The firm has a 50 day simple moving average of $97.46 and a 200 day simple moving average of $94.39. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $104.80. The company has a market cap of $20.11 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 2.38 and a beta of 0.94.

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

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

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.