Bokf Na Sells 167 Shares of Omnicom Group Inc. (NYSE:OMC)

Bokf Na lowered its stake in Omnicom Group Inc. ( NYSE:OMC – Free Report ) by 15.6% in the 2nd quarter, according to its most recent disclosure with the SEC.

The fund owned 905 shares of the business services provider’s stock after selling 167 shares during the quarter. Bokf Na’s holdings in Omnicom Group were worth $81,000 at the end of the most recent quarter. Several other hedge funds have also recently made changes to their positions in the business.



Boston Partners increased its stake in shares of Omnicom Group by 11.0% during the first quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock valued at $374,795,000 after buying an additional 383,560 shares during the period.

Bank of New York Mellon Corp increased its stake in shares of Omnicom Group by 37.0% during the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock valued at $296,717,000 after buying an additional 892,494 shares during the period.

Lazard Asset Management LLC increased its stake in shares of Omnicom Group by 6.3% during the first quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider’s stock valued at $269,734,000 after buying an additional 165,136 shares during the period.

First Trust Advisors LP increased its stake in shares of Omnicom Group by 7.7% during the fourth quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider’s stock valued at $224,832,000 after buying an additional 186,562 shares during the period.

Finally, Cooke & Bieler LP increased its stake in shares of Omnicom Group by 4.8% during the second quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider’s stock valued at $215,249,000 after buying an additional 109,406 shares during the period.

91.97% of the stock is owned by hedge funds and other institutional investors. Omnicom Group Price Performance Shares of NYSE:OMC opened at $101.

73 on Wednesday. Omnicom Group Inc. has a 1-year low of $72.

20 and a 1-year high of $102.75. The company has a debt-to-equity ratio of 1.

31, a current ratio of 0.93 and a quick ratio of 0.81.

The business has a fifty day moving average price of $95.88 and a 200-day moving average price of $93.80.

The company has a market capitalization of $19.92 billion, a PE ratio of 13.75, a PEG ratio of 2.

27 and a beta of 0.94. Omnicom Group Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th.

Stockholders of record on Friday, September 20th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, September 20th.

This represents a $2.80 annualized dividend and a dividend yield of 2.75%.

Omnicom Group’s payout ratio is presently 37.84%. Insider Activity In other news, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 10,356 shares in the company, valued at $941,153.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.

17, for a total transaction of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.

75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link . 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 sale, the director now directly owns 10,356 shares in the company, valued at $941,153.28. The disclosure for this sale can be found here .

Corporate insiders own 1.30% of the company’s stock. Analyst Upgrades and Downgrades Several equities analysts have recently issued reports on OMC shares.

UBS Group boosted their target price on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th.

Bank of America upped their price target on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th.

Finally, Macquarie reiterated an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock.

Based on data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus price target of $106.30. Check Out Our Latest Report on OMC About Omnicom Group ( Free Report ) 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. Featured Stories Five stocks we like better than Omnicom Group What is a support level? Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? What Is WallStreetBets and What Stocks Are They Targeting? Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge How to Calculate Stock Profit Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding OMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc.

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