River Global Investors LLP Acquires 877 Shares of Omnicom Group Inc. (NYSE:OMC)

River Global Investors LLP raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,064 shares of the business services provider’s stock after purchasing an additional 877 shares during the quarter. River Global Investors LLP’s holdings in Omnicom Group were worth $2,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in OMC. Janney Montgomery Scott LLC lifted its position in shares of Omnicom Group by 98.9% during the first quarter. Janney Montgomery Scott LLC now owns 19,618 shares of the business services provider’s stock worth $1,898,000 after purchasing an additional 9,757 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Omnicom Group by 89.1% in the first quarter. Quent Capital LLC now owns 692 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 326 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Omnicom Group by 30.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,543 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 359 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Omnicom Group by 815.2% in the first quarter. SG Americas Securities LLC now owns 47,067 shares of the business services provider’s stock valued at $4,554,000 after acquiring an additional 41,924 shares in the last quarter. Finally, Forsta AP Fonden raised its holdings in shares of Omnicom Group by 22.3% in the first quarter. Forsta AP Fonden now owns 55,400 shares of the business services provider’s stock valued at $5,361,000 after acquiring an additional 10,100 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays lifted their price objective on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Bank of America lifted their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. Wells Fargo & Company downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $106.00 to $110.00 in a report on Wednesday, October 16th. Finally, Macquarie boosted their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a report 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 MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and a consensus price target of $110.11.

Insiders Place Their Bets

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Omnicom Group Stock Down 0.3 %

Omnicom Group stock traded down $0.30 during trading hours on Friday, reaching $104.46. The stock had a trading volume of 1,470,538 shares, compared to its average volume of 1,427,926. Omnicom Group Inc. has a 52 week low of $74.41 and a 52 week high of $107.00. The company has a market cap of $20.38 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 2.36 and a beta of 0.95. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The business’s 50 day moving average price is $101.83 and its 200-day moving average price is $96.28.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data 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. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the firm posted $1.86 EPS. Sell-side analysts anticipate that Omnicom Group Inc. will post 7.92 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.