Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 122.0% in the third quarter, Holdings Channel reports. The fund owned 2,684 shares of the business services provider’s stock after buying an additional 1,475 shares during the period. Blue Trust Inc.’s holdings in Omnicom Group were worth $277,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. OmniStar Financial Group Inc. lifted its position in Omnicom Group by 101.7% during the third quarter. OmniStar Financial Group Inc. now owns 15,460 shares of the business services provider’s stock worth $1,599,000 after buying an additional 7,796 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Omnicom Group by 4.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 4,794 shares of the business services provider’s stock worth $496,000 after acquiring an additional 210 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Omnicom Group by 13.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,046 shares of the business services provider’s stock valued at $3,106,000 after acquiring an additional 3,540 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Omnicom Group by 5.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,804 shares of the business services provider’s stock valued at $2,048,000 after acquiring an additional 963 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Omnicom Group by 4.3% in the third quarter. Global Retirement Partners LLC now owns 16,759 shares of the business services provider’s stock valued at $1,733,000 after purchasing an additional 684 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays increased their price objective on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Bank of America upped their price target on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. Macquarie lifted their price objective on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. UBS Group increased their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their target price on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $110.11.

Omnicom Group Price Performance

OMC stock opened at $100.45 on Friday. Omnicom Group Inc. has a 12-month low of $73.58 and a 12-month high of $106.51. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 2.39 and a beta of 0.94. The firm has a 50 day moving average of $100.75 and a 200-day moving average of $95.44. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31.

Omnicom Group (NYSE:OMC) last issued its quarterly 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. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. As a group, equities analysts expect that Omnicom Group Inc. will post 7.88 EPS for the current fiscal year.

Insider Transactions at Omnicom Group

In other news, 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 completion of the sale, the vice president now owns 15,375 shares of the company’s stock, valued at $1,524,738.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, 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 transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the sale, the chief accounting officer now owns 23,545 shares in the company, valued at $2,479,053.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

About Omnicom Group

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.