Fortem Financial Group LLC Buys 582 Shares of Omnicom Group Inc. (NYSE:OMC)

Fortem Financial Group LLC raised its stake in Omnicom Group Inc. (NYSE:OMC) by 2.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,785 shares of the business services provider’s stock after purchasing an additional 582 shares during the quarter. Omnicom Group accounts for 1.1% of Fortem Financial Group LLC’s portfolio, making the stock its 23rd biggest position. Fortem Financial Group LLC’s holdings in Omnicom Group were worth $2,492,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in shares of Omnicom Group by 8,551.1% during the fourth quarter. International Assets Investment Management LLC now owns 7,959 shares of the business services provider’s stock worth $689,000 after purchasing an additional 7,867 shares during the period. Atria Wealth Solutions Inc. bought a new stake in shares of Omnicom Group in the 4th quarter worth approximately $208,000. Natixis Advisors L.P. grew its position in shares of Omnicom Group by 5.0% in the 4th quarter. Natixis Advisors L.P. now owns 160,276 shares of the business services provider’s stock worth $13,865,000 after buying an additional 7,671 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Omnicom Group by 1.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 13,689 shares of the business services provider’s stock valued at $1,185,000 after buying an additional 238 shares during the period. Finally, Merit Financial Group LLC raised its holdings in shares of Omnicom Group by 10.6% during the fourth quarter. Merit Financial Group LLC now owns 3,420 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

OMC has been the topic of several recent analyst reports. Macquarie reiterated an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a report on Wednesday, July 17th. Barclays raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $100.00 to $110.00 in a research note on Tuesday, May 7th. Finally, UBS Group increased their price target on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $104.70.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $99.33 on Wednesday. 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 company has a 50 day simple moving average of $93.80 and a two-hundred day simple moving average of $93.02. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $100.61. The company has a market capitalization of $19.43 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 2.36 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (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 analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the business earned $1.81 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Analysts expect that Omnicom Group Inc. will post 7.95 EPS for the current fiscal year.

Omnicom Group Announces Dividend

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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Insider Buying and Selling at Omnicom Group

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s 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 owns 15,375 shares in the company, valued at $1,524,738.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the transaction, the director now owns 10,356 shares in the company, valued at approximately $941,153.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’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 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 owned by company insiders.

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.