Green Square Capital LLC Grows Stake in Omnicom Group Inc. (OMC)

Green Square Capital LLC grew its position in Omnicom Group Inc. (NYSE:OMC) by 16.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,056 shares of the business services provider’s stock after buying an additional 727 shares during the period. Green Square Capital LLC’s holdings in Omnicom Group were worth $422,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at $104,000. Parallel Advisors LLC increased its stake in shares of Omnicom Group by 8.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after buying an additional 104 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at $149,000. Invictus RG increased its stake in shares of Omnicom Group by 1,098.2% in the 1st quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock valued at $170,000 after buying an additional 1,812 shares during the period. Finally, FNY Partners Fund LP increased its stake in shares of Omnicom Group by 46.7% in the 1st quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock valued at $189,000 after buying an additional 700 shares during the period. 98.60% of the stock is owned by institutional investors.

In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 900 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total transaction of $71,199.00. Following the completion of the sale, the treasurer now directly owns 44,161 shares in the company, valued at approximately $3,493,576.71. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 483 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $82.19, for a total value of $39,697.77. Following the sale, the director now owns 7,724 shares of the company’s stock, valued at $634,835.56. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Shares of Omnicom Group Inc. (OMC) traded down 1.24% during midday trading on Friday, hitting $75.42. The company had a trading volume of 1,571,625 shares. Omnicom Group Inc. has a one year low of $71.63 and a one year high of $89.66. The stock’s 50-day moving average price is $74.04 and its 200-day moving average price is $80.36. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 15.23 and a beta of 1.28.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.02. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the business posted $1.36 earnings per share. Omnicom Group’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts predict that Omnicom Group Inc. will post $5.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, September 21st. This represents a $2.20 dividend on an annualized basis and a yield of 2.92%. Omnicom Group’s payout ratio is currently 44.44%.

Several equities research analysts have recently commented on OMC shares. Royal Bank Of Canada set a $96.00 target price on Omnicom Group and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Friday, July 14th. Wells Fargo & Company reissued a “hold” rating and issued a $84.00 target price on shares of Omnicom Group in a research note on Tuesday, July 18th. Jefferies Group LLC reissued a “hold” rating and issued a $82.00 target price on shares of Omnicom Group in a research note on Friday, July 14th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $85.00 target price on shares of Omnicom Group in a research note on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $85.92.

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Omnicom Group Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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