Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,563 shares of the business services provider’s stock after buying an additional 325 shares during the period. Private Advisor Group LLC’s holdings in Omnicom Group were worth $1,299,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in OMC. Jacobs Levy Equity Management Inc. raised its holdings in Omnicom Group by 319.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,450,160 shares of the business services provider’s stock worth $140,317,000 after purchasing an additional 1,104,566 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in 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 worth $296,717,000 after purchasing an additional 892,494 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Omnicom Group during the second quarter worth about $56,177,000. Boston Partners raised its holdings in Omnicom Group by 11.0% during the first quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock worth $374,795,000 after purchasing an additional 383,560 shares in the last quarter. Finally, Scout Investments Inc. purchased a new position in Omnicom Group during the first quarter worth about $36,715,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insiders Place Their Bets

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $106.00 to $110.00 in a report on Wednesday, October 16th. Barclays increased their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Macquarie increased their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America increased their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. Finally, UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.11.

Omnicom Group Stock Down 1.3 %

OMC stock opened at $101.00 on Friday. The company’s 50 day simple moving average is $101.31 and its 200-day simple moving average is $95.80. The firm has a market capitalization of $19.71 billion, a PE ratio of 13.80, a P/E/G ratio of 2.39 and a beta of 0.94. Omnicom Group Inc. has a 12 month low of $73.68 and a 12 month high of $106.51. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. During the same period in the prior year, the business earned $1.86 earnings per share. Equities analysts expect that Omnicom Group Inc. will post 7.88 earnings per share for the current fiscal year.

Omnicom Group Company 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.