Securian Asset Management Inc. Sells 370 Shares of Omnicom Group Inc. (NYSE:OMC)

Securian Asset Management Inc. trimmed its position in Omnicom Group Inc. (NYSE:OMC) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,204 shares of the business services provider’s stock after selling 370 shares during the quarter. Securian Asset Management Inc.’s holdings in Omnicom Group were worth $1,005,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Marino Stram & Associates LLC grew its holdings in shares of Omnicom Group by 1.0% in the first quarter. Marino Stram & Associates LLC now owns 11,613 shares of the business services provider’s stock worth $1,124,000 after purchasing an additional 110 shares during the last quarter. Greenleaf Trust raised its position in Omnicom Group by 0.5% in the 4th quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock worth $1,932,000 after buying an additional 119 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of 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 valued at $413,000 after purchasing an additional 119 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Omnicom Group by 18.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 119 shares during the period. Finally, Cambridge Trust Co. grew its stake in shares of Omnicom Group by 4.2% during the 4th quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 121 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 1.2 %

Shares of NYSE:OMC traded up $1.12 on Monday, hitting $94.44. 1,217,838 shares of the company’s stock were exchanged, compared to its average volume of 1,617,103. The firm’s 50-day moving average is $91.34 and its 200 day moving average is $91.93. The company has a market capitalization of $18.49 billion, a PE ratio of 12.75, a P/E/G ratio of 2.24 and a beta of 0.95. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $98.71. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.07. The business had revenue of $3.85 billion during 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 business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 EPS. Sell-side analysts predict that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a $0.70 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.96%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OMC. UBS Group upped their price objective on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $100.00 to $110.00 in a research report on Tuesday, May 7th. Moffett Nathanson lifted their price target on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, Macquarie restated an “outperform” rating and issued a $110.00 target price on shares of Omnicom Group in a research report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.70.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the sale, the director now directly owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Omnicom Group Profile

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.