Omnicom Group Inc. (OMC) Shares Bought by Tdam USA Inc.

Tdam USA Inc. raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,379 shares of the business services provider’s stock after buying an additional 74 shares during the period. Tdam USA Inc.’s holdings in Omnicom Group were worth $1,365,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Marathon Asset Management LLP increased its position in shares of Omnicom Group by 5.4% in the first quarter. Marathon Asset Management LLP now owns 1,321,971 shares of the business services provider’s stock worth $114,637,000 after buying an additional 68,321 shares in the last quarter. Bank of Montreal Can increased its position in shares of Omnicom Group by 0.7% in the first quarter. Bank of Montreal Can now owns 489,008 shares of the business services provider’s stock worth $42,158,000 after buying an additional 3,407 shares in the last quarter. Legacy Private Trust Co. increased its position in shares of Omnicom Group by 13.5% in the first quarter. Legacy Private Trust Co. now owns 104,823 shares of the business services provider’s stock worth $9,037,000 after buying an additional 12,481 shares in the last quarter. National Pension Service increased its position in shares of Omnicom Group by 7.2% in the first quarter. National Pension Service now owns 216,012 shares of the business services provider’s stock worth $18,555,000 after buying an additional 14,502 shares in the last quarter. Finally, Country Club Trust Company n.a. increased its position in shares of Omnicom Group by 0.9% in the first quarter. Country Club Trust Company n.a. now owns 85,913 shares of the business services provider’s stock worth $7,407,000 after buying an additional 757 shares in the last quarter. Institutional investors own 98.02% of the company’s stock.

Omnicom Group Inc. (NYSE OMC) traded down 1.15% on Friday, hitting $76.76. The stock had a trading volume of 1,402,601 shares. The company has a 50 day moving average price of $80.03 and a 200-day moving average price of $83.10. The company has a market cap of $17.71 billion, a price-to-earnings ratio of 15.50 and a beta of 1.25. Omnicom Group Inc. has a 52-week low of $76.74 and a 52-week high of $89.66.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.02. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. Omnicom Group’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post $5.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 22nd will be issued a $0.55 dividend. The ex-dividend date is Thursday, September 21st. This represents a $2.20 dividend on an annualized basis and a yield of 2.87%. Omnicom Group’s payout ratio is 44.44%.

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Several equities research analysts recently weighed in on OMC shares. Royal Bank Of Canada set a $96.00 price target on Omnicom Group and gave the stock a “buy” rating in a research note on Saturday, May 20th. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Friday, July 14th. Barclays PLC reaffirmed a “hold” rating and issued a $86.00 price target on shares of Omnicom Group in a research note on Thursday, April 20th. 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $86.00.

In related news, Treasurer Dennis E. Hewitt sold 900 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total value of $71,199.00. Following the completion of the transaction, the treasurer now owns 44,161 shares of the company’s stock, valued at approximately $3,493,576.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda Johnson Rice sold 483 shares of the company’s 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 completion of the transaction, the director now directly owns 7,724 shares of the company’s stock, valued at approximately $634,835.56. The disclosure for this sale can be found here. Insiders sold a total of 24,183 shares of company stock valued at $2,046,845 in the last ninety days. 1.10% of the stock is currently owned by insiders.

About Omnicom Group

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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