361 Capital LLC acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 44,392 shares of the business services provider’s stock, valued at approximately $3,288,000.
Several other institutional investors have also recently made changes to their positions in OMC. Parallel Advisors LLC increased its position in shares of Omnicom Group by 8.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 104 shares during the last quarter. Dupont Capital Management Corp bought a new position in shares of Omnicom Group during the 2nd quarter valued at about $104,000. Acrospire Investment Management LLC bought a new position in shares of Omnicom Group during the 2nd quarter valued at about $149,000. Eagle Ridge Investment Management bought a new position in shares of Omnicom Group during the 3rd quarter valued at about $201,000. Finally, Rehmann Capital Advisory Group bought a new position in shares of Omnicom Group during the 2nd quarter valued at about $213,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.
Several equities analysts have recently commented on the company. Citigroup Inc. upgraded Omnicom Group from a “sell” rating to a “neutral” rating in a research report on Wednesday, September 6th. Zacks Investment Research lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BMO Capital Markets reiterated a “hold” rating and set a $85.00 price objective on shares of Omnicom Group in a research report on Wednesday, October 18th. Jefferies Group LLC reiterated a “hold” rating and set a $82.00 price objective on shares of Omnicom Group in a research report on Thursday, September 21st. Finally, Royal Bank Of Canada reduced their price objective on Omnicom Group from $96.00 to $87.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $84.00.
In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the completion of the sale, the director now owns 7,777 shares in the company, valued at approximately $577,986.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.
Omnicom Group Inc. (NYSE OMC) traded down $0.51 during midday trading on Thursday, reaching $67.15. The company’s stock had a trading volume of 1,875,400 shares, compared to its average volume of 1,870,536. Omnicom Group Inc. has a 1-year low of $65.32 and a 1-year high of $89.66. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62. The stock has a market cap of $15,570.00, a PE ratio of 13.61, a P/E/G ratio of 1.83 and a beta of 1.22.
Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the business posted $1.06 EPS. The business’s revenue was down 1.9% on a year-over-year basis. equities analysts forecast that Omnicom Group Inc. will post 5.11 EPS for the current year.
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Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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