NBC Securities Inc. Has $1.76 Million Stake in Omnicom Group Inc. (NYSE:OMC)

NBC Securities Inc. reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,019 shares of the business services provider’s stock after selling 294 shares during the period. NBC Securities Inc.’s holdings in Omnicom Group were worth $1,759,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Iowa State Bank lifted its holdings in shares of Omnicom Group by 0.4% in the third quarter. Iowa State Bank now owns 24,447 shares of the business services provider’s stock valued at $2,528,000 after purchasing an additional 101 shares in the last quarter. Center For Asset Management LLC lifted its stake in Omnicom Group by 2.6% during the 2nd quarter. Center For Asset Management LLC now owns 4,277 shares of the business services provider’s stock valued at $384,000 after acquiring an additional 107 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Omnicom Group by 1.1% during the 3rd quarter. Park Avenue Securities LLC now owns 10,151 shares of the business services provider’s stock valued at $1,049,000 after acquiring an additional 113 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Omnicom Group by 2.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock worth $413,000 after acquiring an additional 119 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Omnicom Group by 18.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the business services provider’s stock worth $70,000 after acquiring an additional 119 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

Shares of OMC opened at $104.02 on Wednesday. Omnicom Group Inc. has a 1 year low of $73.28 and a 1 year high of $105.36. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. The stock’s fifty day moving average price is $99.55 and its two-hundred day moving average price is $95.07. The firm has a market cap of $20.37 billion, a PE ratio of 14.06, a PEG ratio of 2.39 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.81 EPS. On average, equities research analysts forecast that Omnicom Group Inc. will post 7.88 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 20th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, September 20th. Omnicom Group’s payout ratio is currently 37.84%.

Insider Buying and Selling

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Linda Johnson Rice sold 488 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the sale, the director now directly owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. This represents a 0.00 % 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. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the transaction, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on OMC. Macquarie restated an “outperform” rating and set a $110.00 price target on shares of Omnicom Group in a report on Wednesday, July 17th. JPMorgan Chase & Co. upped their target price on Omnicom Group from $106.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. UBS Group lifted their price target on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Bank of America boosted their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.30.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.