Omnicom Group Inc. (OMC) Position Increased by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 0.5% during the first quarter, Holdings Channel reports. The institutional investor owned 903,855 shares of the business services provider’s stock after buying an additional 4,514 shares during the period. Omnicom Group accounts for 2.8% of Crawford Investment Counsel Inc.’s holdings, making the stock its 3rd largest position. Crawford Investment Counsel Inc.’s holdings in Omnicom Group were worth $77,921,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Garde Capital Inc. bought a new stake in Omnicom Group during the third quarter valued at about $659,000. WINTON GROUP Ltd raised its stake in Omnicom Group by 77.3% in the third quarter. WINTON GROUP Ltd now owns 710,764 shares of the business services provider’s stock valued at $60,415,000 after buying an additional 309,772 shares during the last quarter. Mraz Amerine & Associates Inc. bought a new stake in Omnicom Group during the third quarter valued at about $204,000. Lyons Wealth Management LLC. raised its stake in Omnicom Group by 0.4% in the third quarter. Lyons Wealth Management LLC. now owns 10,174 shares of the business services provider’s stock valued at $862,000 after buying an additional 45 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. raised its stake in Omnicom Group by 10.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 79,678 shares of the business services provider’s stock valued at $6,773,000 after buying an additional 7,219 shares during the last quarter. Institutional investors and hedge funds own 96.65% of the company’s stock.

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

Omnicom Group Inc. (NYSE:OMC) traded up 1.19% on Friday, reaching $83.35. The company’s stock had a trading volume of 627,248 shares. The firm has a market capitalization of $19.40 billion, a price-to-earnings ratio of 16.99 and a beta of 1.28. The company has a 50 day moving average of $83.92 and a 200 day moving average of $84.84. Omnicom Group Inc. has a 52 week low of $75.61 and a 52 week high of $89.66.

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Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, April 18th. The business services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Omnicom Group had a net margin of 7.42% and a return on equity of 40.97%. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts forecast that Omnicom Group Inc. will post $5.03 earnings per share for the current year.

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Several equities research analysts have recently issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating on shares of Omnicom Group in a research note on Wednesday, February 8th. Zacks Investment Research raised Omnicom Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 7th. Barclays PLC reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Omnicom Group in a research note on Thursday, April 20th. Wedbush lowered their price objective on Omnicom Group from $90.00 to $89.00 and set a “neutral” rating for the company in a research note on Wednesday, April 19th. Finally, Atlantic Securities lowered Omnicom Group from a “neutral” rating to an “underweight” rating and set a $79.00 price objective for the company. in a research note on Wednesday, February 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $86.92.

In other Omnicom Group news, Director Leonard S. Coleman, Jr. sold 2,038 shares of the company’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $83.93, for a total value of $171,049.34. Following the completion of the transaction, the director now owns 24,853 shares in the company, valued at approximately $2,085,912.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.

5 Day Chart for NYSE:OMC

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