SG Americas Securities LLC purchased a brand new place in shares of Omnicom Group Inc. (NYSE:OMC – Get Score) through the third quarter, based on the corporate in its most up-to-date submitting with the SEC. The fund purchased 28,861 shares of the enterprise providers supplier’s inventory, valued at roughly $1,821,000.
Different institutional traders and hedge funds additionally just lately added to or diminished their stakes within the firm. Clear Road Markets LLC grew its holdings in shares of Omnicom Group by 131.7% within the 2nd quarter. Clear Road Markets LLC now owns 431 shares of the enterprise providers supplier’s inventory price $27,000 after buying a further 245 shares through the interval. Ronald Blue Belief Inc. acquired a brand new stake in shares of Omnicom Group within the 2nd quarter price roughly $27,000. Arlington Companions LLC acquired a brand new stake in shares of Omnicom Group within the 2nd quarter price roughly $30,000. Enterprise Visionary Companions LLC acquired a brand new stake in shares of Omnicom Group within the 2nd quarter price roughly $36,000. Lastly, Janiczek Wealth Administration LLC grew its holdings in shares of Omnicom Group by 623.3% within the 2nd quarter. Janiczek Wealth Administration LLC now owns 528 shares of the enterprise providers supplier’s inventory price $37,000 after buying a further 455 shares through the interval. Institutional traders and hedge funds personal 90.20% of the corporate’s inventory.
Insider Shopping for and Promoting
In associated information, Director Linda Johnson Rice bought 1,300 shares of the inventory in a transaction on Monday, October twenty fourth. The inventory was bought at a median worth of $70.79, for a complete worth of $92,027.00. Following the transaction, the director now straight owns 10,048 shares of the corporate’s inventory, valued at roughly $711,297.92. The sale was disclosed in a submitting with the Securities & Trade Fee, which is out there at this hyperlink. Company insiders personal 1.30% of the corporate’s inventory.
Analysts Set New Value Targets
Numerous equities analysis analysts just lately weighed in on the corporate. Morgan Stanley upped their worth goal on Omnicom Group from $67.00 to $75.00 and gave the inventory an “underweight” ranking in a report on Monday, December nineteenth. Barclays elevated their goal worth on Omnicom Group to $80.00 in a report on Thursday, October twenty seventh. Lastly, StockNews.com initiated protection on Omnicom Group in a report on Wednesday, October twelfth. They set a “maintain” ranking on the inventory. 4 analysts have rated the inventory with a promote ranking, six have given a maintain ranking and 5 have issued a purchase ranking to the inventory. Based mostly on knowledge from MarketBeat, the inventory at present has a median ranking of “Maintain” and a median goal worth of $85.40.
Omnicom Group Buying and selling Down 0.3 %
Shares of Omnicom Group inventory opened at $84.06 on Friday. The corporate has a fast ratio of 0.84, a present ratio of 0.95 and a debt-to-equity ratio of 1.68. The agency has a market cap of $17.14 billion, a PE ratio of 13.49, a P/E/G ratio of 4.70 and a beta of 0.84. The enterprise’s fifty day shifting common is $79.21 and its two-hundred day shifting common is $71.87. Omnicom Group Inc. has a fifty-two week low of $61.31 and a fifty-two week excessive of $91.61.
Omnicom Group (NYSE:OMC – Get Score) final issued its earnings outcomes on Tuesday, October 18th. The enterprise providers supplier reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.13. The enterprise had income of $3.44 billion for the quarter, in comparison with analyst estimates of $3.34 billion. Omnicom Group had a return on fairness of 40.82% and a web margin of 9.13%. The enterprise’s quarterly income was up .2% on a year-over-year foundation. Throughout the identical interval final yr, the corporate posted $1.65 EPS. Analysts anticipate that Omnicom Group Inc. will put up 6.51 earnings per share for the present yr.
Omnicom Group Dividend Announcement
The corporate additionally just lately introduced a quarterly dividend, which was paid on Wednesday, January eleventh. Buyers of document on Wednesday, December twenty first got a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of three.33%. The ex-dividend date was Tuesday, December twentieth. Omnicom Group’s dividend payout ratio (DPR) is at present 44.94%.
Omnicom Group Firm Profile
Omnicom Group Inc, along with its subsidiaries, gives promoting, advertising and marketing, and company communications providers. It gives a variety of providers within the areas of promoting, buyer relationship administration, public relations, and healthcare. The corporate’s providers embrace promoting, branding, content material advertising and marketing, company social duty consulting, disaster communications, customized publishing, knowledge analytics, database administration, digital/direct advertising and marketing, digital transformation, leisure advertising and marketing, experiential advertising and marketing, subject advertising and marketing, monetary/company business-to-business promoting, graphic arts/digital imaging, healthcare advertising and marketing and communications, and in-store design providers.
Additional Studying
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