LMR Partners LLP Sells 464 Shares of Omnicom Group Inc. (NYSE:OMC)

LMR Partners LLP reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 17.4% in the third quarter, Holdings Channel reports. The institutional investor owned 2,199 shares of the business services provider’s stock after selling 464 shares during the period. LMR Partners LLP’s holdings in Omnicom Group were worth $227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quent Capital LLC raised its stake 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 worth $67,000 after purchasing an additional 326 shares during the last quarter. Lake Street Advisors Group LLC raised its position in Omnicom Group by 12.8% in the 1st quarter. Lake Street Advisors Group LLC now owns 3,166 shares of the business services provider’s stock valued at $308,000 after buying an additional 359 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in 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 valued at $23,079,000 after acquiring an additional 5,615 shares in the last quarter. Natixis boosted its holdings in Omnicom Group by 94.9% during the 1st quarter. Natixis now owns 35,460 shares of the business services provider’s stock worth $3,431,000 after acquiring an additional 17,264 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in Omnicom Group during the 1st quarter worth $361,000. 91.97% of the stock is owned by institutional investors.

Insider Activity

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s 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 completion of the transaction, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. This trade represents a 16.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group 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 transaction, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at $2,479,053.05. The trade was a 14.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC opened at $99.08 on Thursday. Omnicom Group Inc. has a 1 year low of $78.65 and a 1 year high of $107.00. 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 stock’s fifty day moving average price is $102.13 and its two-hundred day moving average price is $96.66. The firm has a market cap of $19.33 billion, a PE ratio of 13.54, a PEG ratio of 2.18 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. The company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter last year, the firm posted $1.86 EPS. On average, equities research analysts forecast that Omnicom Group Inc. will post 7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

OMC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. Macquarie upped their target price on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America boosted their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. Finally, UBS Group raised their target price 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 assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.11.

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.