NuWave Investment Management LLC Has $290,000 Position in Omnicom Group Inc. (OMC)

NuWave Investment Management LLC raised its stake in Omnicom Group Inc. (NYSE:OMC) by 1,082.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,972 shares of the business services provider’s stock after acquiring an additional 3,636 shares during the quarter. NuWave Investment Management LLC’s holdings in Omnicom Group were worth $290,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Sontag Advisory LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth approximately $28,000. Eukles Asset Management acquired a new position in shares of Omnicom Group during the 4th quarter worth approximately $29,000. Capital Financial Planning LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth approximately $30,000. JOYN Advisors Inc. grew its position in shares of Omnicom Group by 47.2% during the 4th quarter. JOYN Advisors Inc. now owns 443 shares of the business services provider’s stock worth $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth approximately $33,000.

In other news, Director Linda Johnson Rice sold 495 shares of the firm’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $74.79, for a total transaction of $37,021.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jonathan B. Nelson sold 4,916 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $84.22, for a total transaction of $414,025.52. Following the transaction, the chief executive officer now directly owns 83,858 shares of the company’s stock, valued at approximately $7,062,520.76. The disclosure for this sale can be found here. In the last three months, insiders sold 12,864 shares of company stock valued at $1,037,986. 1.10% of the stock is owned by insiders.

OMC has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Friday, January 25th. BMO Capital Markets reduced their price target on shares of Omnicom Group from $84.00 to $83.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 13th. Macquarie set a $76.00 price target on shares of Omnicom Group and gave the stock a “hold” rating in a research report on Thursday, February 14th. Citigroup increased their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. Finally, Barclays upgraded shares of Omnicom Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $76.00 to $84.00 in a research report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Omnicom Group currently has an average rating of “Hold” and a consensus price target of $76.90.

NYSE:OMC traded up $0.88 on Friday, hitting $80.04. The company had a trading volume of 1,683,947 shares, compared to its average volume of 2,003,450. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.88 and a beta of 0.71. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.88 and a quick ratio of 0.79. Omnicom Group Inc. has a 52 week low of $65.85 and a 52 week high of $84.35.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.09. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.51 billion. Omnicom Group had a net margin of 8.76% and a return on equity of 44.01%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 EPS. As a group, analysts expect that Omnicom Group Inc. will post 5.89 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 11th were paid a $0.65 dividend. This is an increase from Omnicom Group’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.60 annualized dividend and a yield of 3.25%. Omnicom Group’s dividend payout ratio is presently 45.22%.

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About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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