TFG Advisers LLC Increases Stake in Omnicom Group Inc. (NYSE:OMC)

TFG Advisers LLC grew its position in Omnicom Group Inc. (NYSE:OMC) by 4.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,526 shares of the business services provider’s stock after purchasing an additional 534 shares during the quarter. TFG Advisers LLC’s holdings in Omnicom Group were worth $1,295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OMC. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Omnicom Group in the second quarter worth $33,000. Innealta Capital LLC purchased a new stake in shares of Omnicom Group during the second quarter valued at $33,000. Northwest Investment Counselors LLC bought a new stake in Omnicom Group in the 3rd quarter worth about $33,000. Davis Capital Management purchased a new position in Omnicom Group in the 3rd quarter worth about $36,000. Finally, Richardson Financial Services Inc. lifted its position in Omnicom Group by 66.3% during the second quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 224 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC stock traded down $0.01 during trading hours on Wednesday, hitting $101.02. The stock had a trading volume of 58,576 shares, compared to its average volume of 1,526,460. The stock’s 50-day moving average price is $100.62 and its two-hundred day moving average price is $95.41. Omnicom Group Inc. has a one year low of $73.58 and a one year high of $106.51. The stock has a market capitalization of $19.78 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 2.39 and a beta of 0.94. 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 announced its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. During the same quarter in the previous year, the business posted $1.86 earnings per share. Equities analysts forecast that Omnicom Group Inc. will post 7.88 EPS for the current year.

Wall Street Analyst Weigh In

OMC has been the subject of a number of research reports. Bank of America upped their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research report on Thursday, September 5th. Barclays lifted their target price on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. UBS Group upped their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $106.00 to $110.00 in a research note on Wednesday, October 16th. Finally, Macquarie boosted their price objective on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $110.11.

Insider Transactions at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This trade represents a 0.00 % decrease in their position. The sale 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 the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at $2,479,053.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value 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. Insiders own 1.30% of the company’s stock.

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.