Omnicom Group Inc. (NYSE:OMC) Shares Bought by Assetmark Inc.

Assetmark Inc. increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 489,039 shares of the business services provider’s stock after buying an additional 9,774 shares during the period. Assetmark Inc.’s holdings in Omnicom Group were worth $50,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Trust Walden Corp increased its holdings in Omnicom Group by 8.2% in the 2nd quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock worth $16,723,000 after buying an additional 14,153 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of Omnicom Group by 16.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock worth $295,000 after purchasing an additional 401 shares during the period. SG Americas Securities LLC grew its stake in shares of Omnicom Group by 37.0% during the 2nd quarter. SG Americas Securities LLC now owns 64,481 shares of the business services provider’s stock worth $5,784,000 after purchasing an additional 17,414 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Omnicom Group by 2.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 238,274 shares of the business services provider’s stock worth $23,079,000 after purchasing an additional 5,615 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Omnicom Group by 197.4% during the 1st quarter. Cetera Investment Advisers now owns 127,515 shares of the business services provider’s stock worth $12,338,000 after purchasing an additional 84,632 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on OMC shares. UBS Group raised their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Macquarie raised their price objective on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company cut shares of 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. JPMorgan Chase & Co. raised their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Bank of America lifted their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.11.

Omnicom Group Trading Down 0.3 %

Shares of OMC stock opened at $104.46 on Friday. The stock’s fifty day moving average is $101.83 and its two-hundred day moving average is $96.28. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The firm has a market capitalization of $20.38 billion, a P/E ratio of 14.27, a PEG ratio of 2.36 and a beta of 0.95. Omnicom Group Inc. has a fifty-two week low of $74.41 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the firm earned $1.86 EPS. Research analysts expect that Omnicom Group Inc. will post 7.92 earnings per share for the current fiscal year.

Insider Transactions at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group 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 transaction, the chief accounting officer now owns 23,545 shares in the company, valued at $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 available at this hyperlink. In related news, CAO Andrew Castellaneta sold 4,000 shares of the business’s 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 sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing 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 transaction of $297,510.00. Following the completion of the sale, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. This trade represents 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.