Virtu Financial LLC Makes New $583,000 Investment in Omnicom Group Inc. (NYSE:OMC)

Virtu Financial LLC bought a new position in Omnicom Group Inc. (NYSE:OMC) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 6,023 shares of the business services provider’s stock, valued at approximately $583,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Beutel Goodman & Co Ltd. increased its position in shares of Omnicom Group by 1.0% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 4,197,767 shares of the business services provider’s stock worth $363,148,000 after purchasing an additional 42,075 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Omnicom Group by 6.3% during the 1st quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider’s stock worth $269,734,000 after purchasing an additional 165,136 shares during the last quarter. First Trust Advisors LP increased its position in shares of Omnicom Group by 7.7% during the 4th quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider’s stock worth $224,832,000 after purchasing an additional 186,562 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Omnicom Group by 1.9% during the 4th quarter. Baird Financial Group Inc. now owns 2,370,253 shares of the business services provider’s stock worth $205,051,000 after purchasing an additional 43,861 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Omnicom Group by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,855,879 shares of the business services provider’s stock valued at $160,557,000 after acquiring an additional 78,215 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 488 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $90.88, for a total value of $44,349.44. Following the completion of the transaction, the director now owns 10,356 shares of the company’s stock, valued at $941,153.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Moffett Nathanson raised their target price on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Macquarie reiterated an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a research note on Wednesday, July 17th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Finally, UBS Group lifted their price objective on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average target price of $104.70.

Omnicom Group Price Performance

Shares of Omnicom Group stock traded down $2.85 during trading on Friday, reaching $92.00. The company’s stock had a trading volume of 1,861,062 shares, compared to its average volume of 1,631,181. The business has a 50 day moving average price of $91.49 and a 200-day moving average price of $91.74. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $18.00 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 2.31 and a beta of 0.95. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $98.71.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.07. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the business earned $1.81 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.80 annualized dividend and a yield of 3.04%. Omnicom Group’s dividend payout ratio is presently 37.84%.

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.