Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Ossiam

by · The Cerbat Gem

Ossiam increased its stake in shares of Omnicom Group Inc. (NYSE:OMC – Free Report) by 1,030.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 338,614 shares of the business services provider’s stock after buying an additional 308,662 shares during the quarter. Ossiam’s holdings in Omnicom Group were worth $32,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in OMC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Omnicom Group by 4.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,964 shares of the business services provider’s stock valued at $2,374,000 after buying an additional 1,284 shares during the last quarter. Aviva PLC boosted its holdings in Omnicom Group by 27.0% in the first quarter. Aviva PLC now owns 81,054 shares of the business services provider’s stock valued at $6,880,000 after purchasing an additional 17,251 shares during the last quarter. Prudential PLC purchased a new stake in Omnicom Group in the first quarter valued at $503,000. National Pension Service boosted its holdings in Omnicom Group by 644.1% in the first quarter. National Pension Service now owns 407,387 shares of the business services provider’s stock valued at $34,579,000 after purchasing an additional 352,639 shares during the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in Omnicom Group in the first quarter valued at $929,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on OMC. Macquarie lowered their price target on shares of Omnicom Group from $96.00 to $82.00 in a report on Tuesday, October 10th. Bank of America lowered their target price on shares of Omnicom Group to $73.00 in a research note on Wednesday, September 20th. StockNews.com initiated coverage on shares of Omnicom Group in a research note on Thursday, October 5th. They set a “hold” rating on the stock. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $103.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, October 6th. Finally, Morgan Stanley lowered their target price on shares of Omnicom Group from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $93.25.

Get Our Latest Stock Analysis on OMC

Omnicom Group Price Performance

Shares of OMC traded up $0.09 during mid-day trading on Tuesday, hitting $79.29. 459,412 shares of the company were exchanged, compared to its average volume of 1,664,294. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.84 and a current ratio of 0.97. The company has a 50 day moving average of $75.64 and a 200-day moving average of $83.34. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 2.23 and a beta of 0.93.

Omnicom Group (NYSE:OMC – Get Free Report) last released its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.02. Omnicom Group had a net margin of 9.62% and a return on equity of 40.01%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts expect that Omnicom Group Inc. will post 7.39 EPS for the current fiscal year.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 3,300 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $76.57, for a total value of $252,681.00. Following the completion of the sale, the chief accounting officer now owns 30,014 shares in the company, valued at approximately $2,298,171.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

Omnicom Group Profile

(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 brand consulting, experiential, execution and support, public relations, and healthcare.

Further Reading

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