LRI Investments LLC Buys 574 Shares of Omnicom Group Inc. (NYSE:OMC)

LRI Investments LLC boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 24.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,903 shares of the business services provider’s stock after buying an additional 574 shares during the quarter. LRI Investments LLC’s holdings in Omnicom Group were worth $305,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in Omnicom Group in the second quarter worth approximately $33,000. Northwest Investment Counselors LLC purchased a new stake in shares of Omnicom Group in the 3rd quarter worth $33,000. Davis Capital Management bought a new position in shares of Omnicom Group during the 3rd quarter worth $36,000. HM Payson & Co. increased its stake in shares of Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the period. Finally, Richardson Financial Services Inc. raised its holdings in shares of Omnicom Group by 66.3% in the second quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 224 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at $2,479,053.05. This represents a 14.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $92.82 on Tuesday. Omnicom Group Inc. has a twelve month low of $82.26 and a twelve month high of $107.00. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The company has a market cap of $18.11 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.32 and a beta of 0.94. The company’s 50 day moving average is $102.43 and its 200 day moving average is $97.34.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the firm earned $1.86 EPS. On average, sell-side analysts forecast that Omnicom Group Inc. will post 7.94 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

Analyst Upgrades and Downgrades

A number of research firms have commented on OMC. JPMorgan Chase & Co. raised their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Bank of America boosted their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. Barclays upped their target price on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Wells Fargo & Company downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $106.00 to $110.00 in a report on Wednesday, October 16th. Finally, Macquarie upped their price objective on Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Omnicom Group has an average rating of “Moderate Buy” and an average target price of $110.11.

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.