Omnicom Group Inc. (NYSE:OMC) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 25.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,286 shares of the business services provider’s stock after buying an additional 4,262 shares during the quarter. Quantinno Capital Management LP’s holdings in Omnicom Group were worth $2,201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in OMC. Bank of New York Mellon Corp raised its position in 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 acquiring an additional 892,494 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Omnicom Group in the 2nd quarter valued at about $56,177,000. Dimensional Fund Advisors LP lifted its holdings in Omnicom Group by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider’s stock valued at $205,682,000 after purchasing an additional 364,665 shares in the last quarter. Conning Inc. acquired a new stake in shares of Omnicom Group during the 2nd quarter worth about $32,484,000. Finally, Millennium Management LLC grew its holdings in shares of Omnicom Group by 73.0% during the second quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock worth $68,919,000 after buying an additional 324,196 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the transaction, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OMC. JPMorgan Chase & Co. upped their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays raised their price objective on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Macquarie upped their target price on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Bank of America raised their price target on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. Finally, UBS Group upped their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $108.89.

Omnicom Group Stock Performance

Omnicom Group stock opened at $92.46 on Wednesday. The company has a market cap of $18.04 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 2.32 and a beta of 0.94. Omnicom Group Inc. has a 12 month low of $82.26 and a 12 month high of $107.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The stock’s 50-day moving average is $102.43 and its 200-day moving average is $97.34.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the firm posted $1.86 earnings per share. Equities analysts anticipate that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Friday, December 20th. Omnicom Group’s dividend payout ratio is presently 38.25%.

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.