TD Asset Management Inc. Has $98.57 Million Stake in Omnicom Group Inc. (OMC)

TD Asset Management Inc. raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 37.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,350,418 shares of the business services provider’s stock after buying an additional 366,248 shares during the quarter. TD Asset Management Inc.’s holdings in Omnicom Group were worth $98,567,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OMC. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Omnicom Group by 2.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 866,994 shares of the business services provider’s stock valued at $63,282,000 after purchasing an additional 19,936 shares during the period. Laurion Capital Management LP acquired a new position in shares of Omnicom Group in the 1st quarter valued at approximately $1,984,000. Martin Capital Partners LLC grew its position in shares of Omnicom Group by 18.7% in the 1st quarter. Martin Capital Partners LLC now owns 23,722 shares of the business services provider’s stock valued at $1,731,000 after purchasing an additional 3,743 shares during the period. Intercontinental Wealth Advisors LLC grew its position in shares of Omnicom Group by 11.5% in the 1st quarter. Intercontinental Wealth Advisors LLC now owns 4,746 shares of the business services provider’s stock valued at $346,000 after purchasing an additional 491 shares during the period. Finally, Semmax Financial Advisors Inc. grew its position in shares of Omnicom Group by 133.9% in the 1st quarter. Semmax Financial Advisors Inc. now owns 8,417 shares of the business services provider’s stock valued at $614,000 after purchasing an additional 4,819 shares during the period.

In other Omnicom Group news, Director Leonard S. Coleman, Jr. sold 2,556 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $75.25, for a total transaction of $192,339.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew Castellaneta sold 4,400 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $80.24, for a total value of $353,056.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,369 shares of company stock valued at $1,000,965. Insiders own 1.10% of the company’s stock.

OMC has been the subject of several research analyst reports. Macquarie set a $76.00 price objective on Omnicom Group and gave the company a “hold” rating in a research report on Thursday, February 14th. BMO Capital Markets boosted their price objective on Omnicom Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Zacks Investment Research upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Friday, January 25th. Citigroup boosted their price objective on Omnicom Group from $82.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. Finally, Barclays upgraded Omnicom Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company 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 assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.90.

NYSE:OMC traded up $0.61 during trading hours on Tuesday, reaching $79.91. 366,069 shares of the stock were exchanged, compared to its average volume of 1,959,778. Omnicom Group Inc. has a twelve month low of $65.85 and a twelve month high of $84.35. The company has a quick ratio of 0.79, a current ratio of 0.88 and a debt-to-equity ratio of 1.89. The company has a market cap of $17.51 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 2.84 and a beta of 0.71.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.09. Omnicom Group had a return on equity of 44.01% and a net margin of 8.76%. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. The business’s revenue was down 4.4% on a year-over-year basis. As a group, analysts anticipate that Omnicom Group Inc. will post 5.93 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 14th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.25%. Omnicom Group’s dividend payout ratio (DPR) is currently 45.22%.

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Omnicom Group Profile

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.

Further Reading: Return on Investment (ROI) Defined, Explained

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

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