IFM Investors Pty Ltd Sells 686 Shares of Omnicom Group Inc. (NYSE:OMC)

IFM Investors Pty Ltd trimmed its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 37,626 shares of the business services provider’s stock after selling 686 shares during the quarter. IFM Investors Pty Ltd’s holdings in Omnicom Group were worth $3,890,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in OMC. Northwest Investment Counselors LLC purchased a new stake in Omnicom Group during the third quarter valued at about $33,000. Davis Capital Management bought a new stake in shares of Omnicom Group in the 3rd quarter valued at about $36,000. Innealta Capital LLC bought a new stake in shares of Omnicom Group in the 2nd quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Omnicom Group during the 2nd quarter valued at about $33,000. Finally, Richardson Financial Services Inc. grew its position in Omnicom Group by 66.3% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OMC shares. Wells Fargo & Company lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $106.00 to $110.00 in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays boosted their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Bank of America increased their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. Finally, UBS Group upped their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One investment 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’s stock. According to MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $110.11.

Omnicom Group Trading Up 0.1 %

Shares of NYSE OMC opened at $100.52 on Friday. Omnicom Group Inc. has a 1 year low of $73.58 and a 1 year high of $106.51. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. The firm has a 50-day moving average of $100.91 and a 200 day moving average of $95.53. The stock has a market cap of $19.69 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. During the same period in the prior year, the firm posted $1.86 earnings per share. As a group, sell-side analysts expect that Omnicom Group Inc. will post 7.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, the vice president now directly owns 15,375 shares in the company, valued at $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.