Trillium Asset Management LLC lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 17.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 142,685 shares of the business services provider’s stock after buying an additional 21,021 shares during the period. Trillium Asset Management LLC owned about 0.06% of Omnicom Group worth $10,568,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OMC. Parallel Advisors LLC lifted its stake in shares of Omnicom Group by 8.7% in the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after buying an additional 104 shares during the period. Dupont Capital Management Corp bought a new position in Omnicom Group during the second quarter worth about $104,000. Acrospire Investment Management LLC bought a new position in Omnicom Group during the second quarter worth about $149,000. Eagle Ridge Investment Management bought a new position in Omnicom Group during the third quarter worth about $201,000. Finally, Rehmann Capital Advisory Group bought a new position in Omnicom Group during the second quarter worth about $213,000. Institutional investors and hedge funds own 99.67% of the company’s stock.
Omnicom Group Inc. (NYSE OMC) traded up $0.49 during midday trading on Monday, hitting $66.70. 687,861 shares of the stock traded hands, compared to its average volume of 2,800,896. The firm has a market capitalization of $15,263.57, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 1.79 and a beta of 1.22. Omnicom Group Inc. has a 12 month low of $65.55 and a 12 month high of $89.66. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. Omnicom Group’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share. research analysts expect that Omnicom Group Inc. will post 5.11 earnings per share for the current year.
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A number of research analysts have commented on the stock. Argus upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Credit Suisse Group raised their price target on shares of Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Zacks Investment Research cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Royal Bank Of Canada cut their price target on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. Finally, Telsey Advisory Group upgraded shares of Omnicom Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $86.00 to $89.00 in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. Omnicom Group has an average rating of “Hold” and a consensus price target of $84.00.
In related news, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the completion of the transaction, the director now owns 7,777 shares of the company’s stock, valued at $577,986.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by 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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