Quantbot Technologies LP Takes Position in Omnicom Group Inc. $OMC

Quantbot Technologies LP purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,313 shares of the business services provider’s stock, valued at approximately $751,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Omnicom Group during the second quarter valued at about $2,082,476,000. Vanguard Group Inc. lifted its holdings in shares of Omnicom Group by 64.2% in the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock worth $3,143,930,000 after acquiring an additional 15,220,444 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Omnicom Group in the 2nd quarter worth approximately $914,156,000. State Street Corp boosted its position in shares of Omnicom Group by 40.4% during the 4th quarter. State Street Corp now owns 23,676,768 shares of the business services provider’s stock worth $1,933,891,000 after purchasing an additional 6,813,441 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Omnicom Group by 522.9% during the 4th quarter. Wellington Management Group LLP now owns 5,199,477 shares of the business services provider’s stock worth $419,858,000 after purchasing an additional 4,364,797 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Linda Johnson Rice sold 1,385 shares of the business’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 transaction, the director directly owned 11,719 shares of the company’s stock, valued at approximately $1,039,826.87. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Omnicom Group Stock Performance

NYSE:OMC opened at $87.98 on Thursday. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $89.57. The company has a fifty day simple moving average of $81.04 and a two-hundred day simple moving average of $77.99. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The company has a market cap of $24.14 billion, a price-to-earnings ratio of 75.85, a price-to-earnings-growth ratio of 0.59 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the previous year, the business posted $2.05 earnings per share. The firm’s revenue was up 63.4% on a year-over-year basis. As a group, equities analysts anticipate that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal 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 $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, September 18th. Omnicom Group’s dividend payout ratio (DPR) is presently 275.86%.

Analyst Ratings Changes

OMC has been the topic of a number of research analyst reports. Rothschild & Co Redburn started coverage on Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price on the stock. Wells Fargo & Company raised their price target on Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Morgan Stanley lifted their price objective on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. The Goldman Sachs Group started coverage on Omnicom Group in a report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective on the stock. Finally, Zacks Research lowered Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $99.00.

Omnicom Group Company 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.