Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Fortem Financial Group LLC

Fortem Financial Group LLC boosted its position in Omnicom Group Inc. (NYSE:OMC) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,940 shares of the business services provider’s stock after buying an additional 611 shares during the quarter. Omnicom Group makes up about 1.1% of Fortem Financial Group LLC’s investment portfolio, making the stock its 26th biggest holding. Fortem Financial Group LLC’s holdings in Omnicom Group were worth $2,748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI boosted its holdings in shares of Omnicom Group by 23.3% in the 2nd quarter. National Bank of Canada FI now owns 55,959 shares of the business services provider’s stock valued at $4,907,000 after buying an additional 10,592 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Omnicom Group by 3.2% during the second quarter. Victory Capital Management Inc. now owns 513,349 shares of the business services provider’s stock valued at $46,047,000 after purchasing an additional 16,078 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Omnicom Group by 4.3% during the 2nd quarter. Private Advisor Group LLC now owns 12,238 shares of the business services provider’s stock worth $1,098,000 after purchasing an additional 502 shares during the period. Candriam S.C.A. lifted its holdings in shares of Omnicom Group by 29.8% in the 2nd quarter. Candriam S.C.A. now owns 75,218 shares of the business services provider’s stock worth $6,747,000 after purchasing an additional 17,287 shares during the last quarter. Finally, Kerusso Capital Management LLC bought a new stake in shares of Omnicom Group in the 2nd quarter worth approximately $1,381,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Activity

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the sale, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Omnicom Group Price Performance

NYSE:OMC traded down $0.81 during midday trading on Monday, hitting $85.08. 1,355,298 shares of the stock were exchanged, compared to its average volume of 1,464,657. The company has a market capitalization of $16.60 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 2.07 and a beta of 0.98. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a one year low of $84.43 and a one year high of $107.00. The business has a 50-day moving average price of $96.97 and a two-hundred day moving average price of $96.93.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the business posted $1.86 earnings per share. Sell-side analysts predict that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.29%. Omnicom Group’s dividend payout ratio is currently 38.25%.

Wall Street Analysts Forecast Growth

OMC has been the topic of several analyst reports. Macquarie reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. UBS Group raised their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays boosted their price objective on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $110.00.

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.