GSB Wealth Management LLC Has $856,000 Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

GSB Wealth Management LLC boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 2.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,281 shares of the business services provider’s stock after buying an additional 165 shares during the period. GSB Wealth Management LLC’s holdings in Omnicom Group were worth $856,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of OMC. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Omnicom Group during the 2nd quarter worth approximately $33,000. Innealta Capital LLC acquired a new stake in shares of Omnicom Group during the second quarter worth $33,000. Northwest Investment Counselors LLC bought a new stake in shares of Omnicom Group in the third quarter valued at about $33,000. Davis Capital Management acquired a new position in shares of Omnicom Group in the third quarter valued at about $36,000. Finally, Richardson Financial Services Inc. increased 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 worth $50,000 after acquiring an additional 224 shares during the period. 91.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OMC. Wells Fargo & Company lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. UBS Group raised their price objective on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Bank of America increased their target price on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. boosted their price target on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Barclays raised 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. One investment 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.11.

Insider Buying and Selling

In other news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at $2,479,053.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Andrew Castellaneta sold 4,000 shares of the company’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 value of $421,160.00. Following the transaction, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated 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 owns 15,375 shares in the company, valued at $1,524,738.75. This represents 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.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $101.70 on Wednesday. The business has a 50-day moving average price of $101.13 and a two-hundred day moving average price of $95.72. Omnicom Group Inc. has a 1-year low of $73.58 and a 1-year high of $106.51. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. The company has a market cap of $19.84 billion, a P/E ratio of 13.89, a PEG ratio of 2.39 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The company 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 quarter in the prior year, the business posted $1.86 EPS. As a group, analysts anticipate that Omnicom Group Inc. will post 7.88 EPS for the current 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.