Guardian Wealth Management Inc. boosted its position in Omnicom Group Inc. (NYSE:OMC – Free Report) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,888 shares of the business services provider’s stock after acquiring an additional 525 shares during the quarter. Omnicom Group accounts for about 1.8% of Guardian Wealth Management Inc.’s holdings, making the stock its 18th biggest holding. Guardian Wealth Management Inc.’s holdings in Omnicom Group were worth $2,412,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of Omnicom Group by 8,551.1% during the 4th quarter. International Assets Investment Management LLC now owns 7,959 shares of the business services provider’s stock worth $689,000 after acquiring an additional 7,867 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $160,557,000 after buying an additional 78,215 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Omnicom Group by 6.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,298 shares of the business services provider’s stock valued at $1,496,000 after buying an additional 1,021 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in Omnicom Group by 14.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 10,365 shares of the business services provider’s stock worth $897,000 after acquiring an additional 1,321 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Omnicom Group by 4.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 213,268 shares of the business services provider’s stock valued at $18,126,000 after acquiring an additional 9,937 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.
Insider Activity at Omnicom Group
In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the firm’s 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 sale, the director now directly owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’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 completion of the sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Linda Johnson Rice sold 488 shares of the stock in a transaction on Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the completion of the sale, the director now owns 10,356 shares of the company’s stock, valued at $941,153.28. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Omnicom Group Price Performance
Omnicom Group (NYSE:OMC – Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.81 EPS. Research analysts anticipate that Omnicom Group Inc. will post 7.95 earnings per share for the current year.
Omnicom Group Announces Dividend
The firm also recently disclosed 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 of this dividend is Friday, September 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.80%. Omnicom Group’s dividend payout ratio is presently 37.84%.
Analyst Ratings Changes
Several research analysts have commented on OMC shares. Macquarie reaffirmed an “outperform” rating and set a $110.00 price target on shares of Omnicom Group in a research report on Wednesday, July 17th. Bank of America increased their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. Finally, UBS Group lifted their price objective on shares of 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 sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.30.
View Our Latest Stock Report on Omnicom Group
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.
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