APG Asset Management N.V. Has $1.81 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

APG Asset Management N.V. increased its position in Omnicom Group Inc. (NYSE:OMC) by 207.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,643 shares of the business services provider’s stock after buying an additional 14,600 shares during the quarter. APG Asset Management N.V.’s holdings in Omnicom Group were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in OMC. Boston Partners increased its position in Omnicom Group by 11.0% in the 1st quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock valued at $374,795,000 after acquiring an additional 383,560 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Omnicom Group by 37.0% in 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 purchasing an additional 892,494 shares during the last quarter. Lazard Asset Management LLC increased its holdings in 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 purchasing an additional 165,136 shares during the period. First Trust Advisors LP raised its position in Omnicom Group by 7.7% during 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 purchasing an additional 186,562 shares during the last quarter. Finally, Cooke & Bieler LP lifted its holdings 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 buying an additional 109,406 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.7 %

Shares of NYSE OMC opened at $103.39 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The firm has a market cap of $20.25 billion, a PE ratio of 13.97, a P/E/G ratio of 2.38 and a beta of 0.94. The company’s fifty day simple moving average is $97.69 and its 200 day simple moving average is $94.45. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $104.80.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, beating 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 analyst estimates of $3.83 billion. During the same period in the previous year, the company posted $1.81 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 7.88 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s payout ratio is currently 37.84%.

Insider Buying and Selling at Omnicom Group

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

Analysts Set New Price Targets

OMC has been the subject of several recent research reports. Macquarie reissued an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a research note on Wednesday, July 17th. UBS Group raised their price target on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus price target of $106.30.

Omnicom Group 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.