GTS Securities LLC Purchases Shares of 9,222 Omnicom Group Inc. $OMC

GTS Securities LLC purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,222 shares of the business services provider’s stock, valued at approximately $672,000.

Several other institutional investors have also recently made changes to their positions in the business. Resona Asset Management Co. Ltd. grew its stake in shares of Omnicom Group by 55.4% during the 4th quarter. Resona Asset Management Co. Ltd. now owns 98,842 shares of the business services provider’s stock valued at $7,976,000 after acquiring an additional 35,247 shares during the period. Generali Asset Management SPA SGR raised its stake in Omnicom Group by 346.0% during the 4th quarter. Generali Asset Management SPA SGR now owns 20,580 shares of the business services provider’s stock worth $1,662,000 after acquiring an additional 15,966 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Omnicom Group by 70.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 674,065 shares of the business services provider’s stock worth $54,815,000 after acquiring an additional 277,665 shares during the period. Orca Investment Management LLC purchased a new position in Omnicom Group during the second quarter valued at approximately $2,023,000. Finally, New York State Teachers Retirement System lifted its holdings in Omnicom Group by 70.2% during the fourth quarter. New York State Teachers Retirement System now owns 251,174 shares of the business services provider’s stock valued at $20,282,000 after purchasing an additional 103,615 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.0%

Shares of OMC opened at $88.32 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $89.57. The company has a 50 day simple moving average of $81.71 and a two-hundred day simple moving average of $78.24. The firm has a market cap of $24.23 billion, a P/E ratio of 76.14, a price-to-earnings-growth ratio of 0.59 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The company had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The company’s quarterly revenue was up 63.4% on a year-over-year basis. On average, equities analysts expect that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, September 18th. Omnicom Group’s payout ratio is currently 275.86%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective for the company. Zacks Research cut shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. The Goldman Sachs Group assumed coverage on Omnicom Group in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price target for the company. Finally, Citigroup decreased their price target on Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $99.00.

Insider Transactions at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 1,385 shares of the business’s stock in a transaction 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 sale, the director owned 11,719 shares in the company, valued at $1,039,826.87. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

About Omnicom Group

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.