Omnicom Group Inc. $OMC Shares Sold by Two Sigma Securities LLC

Two Sigma Securities LLC trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 54.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,574 shares of the business services provider’s stock after selling 17,299 shares during the period. Two Sigma Securities LLC’s holdings in Omnicom Group were worth $1,061,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. acquired a new position in Omnicom Group in the second quarter valued at $25,000. Elyxium Wealth LLC purchased a new position in shares of Omnicom Group during the 4th quarter worth approximately $26,000. Legacy Wealth Managment LLC ID raised its position in Omnicom Group by 111.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares in the last quarter. EFG International AG purchased a new position in shares of Omnicom Group in the 4th quarter valued at about $28,000. Finally, Caitlin John LLC increased its holdings in Omnicom Group by 4,675.0% in the fourth quarter. Caitlin John LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after buying an additional 374 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Transactions at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 1,385 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $88.73, for a total transaction of $122,891.05. Following the completion of the sale, the director directly owned 11,719 shares in the company, valued at $1,039,826.87. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on OMC shares. Weiss Ratings raised Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price for the company. Zacks Research cut shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Citigroup reduced their price target on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Wells Fargo & Company increased their price target on shares of Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $99.00.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $87.67 on Tuesday. The company has a market cap of $24.05 billion, a P/E ratio of 75.58, a P/E/G ratio of 0.59 and a beta of 0.64. The business has a fifty day simple moving average of $82.01 and a 200-day simple moving average of $78.34. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $89.57. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

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

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 annualized dividend and a dividend yield of 3.7%. Omnicom Group’s payout ratio is currently 275.86%.

Omnicom Group Profile

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.