Creative Planning lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,513 shares of the business services provider’s stock after acquiring an additional 817 shares during the quarter. Creative Planning’s holdings in Omnicom Group were worth $402,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in OMC. Eagle Ridge Investment Management bought a new stake in Omnicom Group in the third quarter valued at about $201,000. Dynamic Technology Lab Private Ltd bought a new stake in Omnicom Group in the third quarter valued at about $205,000. Cable Hill Partners LLC increased its holdings in Omnicom Group by 3,527.5% in the third quarter. Cable Hill Partners LLC now owns 2,902 shares of the business services provider’s stock valued at $215,000 after buying an additional 2,822 shares during the last quarter. Oak Point Wealth Management bought a new stake in Omnicom Group in the fourth quarter valued at about $219,000. Finally, Oakbrook Investments LLC bought a new stake in Omnicom Group in the third quarter valued at about $252,000. 98.62% of the stock is currently owned by institutional investors and hedge funds.
Omnicom Group Inc. (NYSE OMC) traded up $1.04 during trading hours on Friday, hitting $76.95. The stock had a trading volume of 4,304,683 shares, compared to its average volume of 2,497,658. The company has a market capitalization of $17,739.51, a price-to-earnings ratio of 15.48, a PEG ratio of 2.51 and a beta of 1.20. Omnicom Group Inc. has a 52 week low of $65.32 and a 52 week high of $86.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79.
OMC has been the subject of several research analyst reports. Zacks Investment Research lowered Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Macquarie lowered Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a report on Tuesday, January 2nd. Argus raised Omnicom Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Credit Suisse Group upped their target price on Omnicom Group from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, October 18th. Finally, Bank of America lowered Omnicom Group from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Omnicom Group presently has an average rating of “Hold” and a consensus price target of $83.64.
In other news, insider Peter K. Sherman sold 8,310 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the transaction, the insider now directly owns 21,271 shares in the company, valued at $1,580,648.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.
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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