Omnicom Group Inc. (OMC) Stake Increased by Amalgamated Bank

Amalgamated Bank grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 52.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 27,278 shares of the business services provider’s stock after acquiring an additional 9,394 shares during the quarter. Amalgamated Bank’s holdings in Omnicom Group were worth $2,261,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in OMC. Parallel Advisors LLC lifted its position in shares of Omnicom Group by 8.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 104 shares during the period. Dupont Capital Management Corp bought a new stake in shares of Omnicom Group during the 2nd quarter valued at $104,000. Invictus RG lifted its position in shares of Omnicom Group by 1,098.2% during the 1st quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 1,812 shares during the period. FNY Partners Fund LP lifted its position in shares of Omnicom Group by 46.7% during the 1st quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 700 shares during the period. Finally, Global X Management Co. LLC lifted its position in shares of Omnicom Group by 29.4% during the 1st quarter. Global X Management Co. LLC now owns 2,245 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 510 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

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Omnicom Group Inc. (NYSE OMC) opened at 73.04 on Monday. Omnicom Group Inc. has a one year low of $71.63 and a one year high of $89.66. The firm has a market cap of $16.85 billion, a PE ratio of 14.75 and a beta of 1.27. The firm has a 50-day moving average price of $75.69 and a 200-day moving average price of $81.45.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s revenue was down 2.4% compared to the same quarter last year. On average, equities analysts expect that Omnicom Group Inc. will post $5.08 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s dividend payout ratio (DPR) is currently 44.44%.

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

A number of research firms have recently weighed in on OMC. Zacks Investment Research downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada set a $96.00 target price on Omnicom Group and gave the company a “buy” rating in a research report on Saturday, July 22nd. Macquarie downgraded Omnicom Group from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $90.00 to $83.00 in a research report on Tuesday, June 6th. BidaskClub downgraded Omnicom Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “hold” rating and set a $82.00 price objective on shares of Omnicom Group in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus target price of $85.92.

Omnicom Group Company 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.

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

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