Lingohr & Partner Asset Management GmbH acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,925 shares of the business services provider’s stock, valued at approximately $940,000.
Several other large investors also recently bought and sold shares of OMC. Vanguard Group Inc. boosted its position in Omnicom Group by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 15,946,330 shares of the business services provider’s stock valued at $1,321,951,000 after buying an additional 79,678 shares during the period. First Eagle Investment Management LLC boosted its position in Omnicom Group by 2.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 13,429,677 shares of the business services provider’s stock valued at $1,113,320,000 after buying an additional 341,406 shares during the period. Pzena Investment Management LLC lifted its position in shares of Omnicom Group by 6.1% during the 3rd quarter. Pzena Investment Management LLC now owns 6,343,295 shares of the business services provider’s stock worth $469,848,000 after purchasing an additional 364,309 shares during the last quarter. Longview Partners Guernsey LTD lifted its position in shares of Omnicom Group by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock worth $418,769,000 after purchasing an additional 1,653,208 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Omnicom Group by 15,279.3% during the 2nd quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock worth $414,191,000 after purchasing an additional 4,963,787 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.
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Several equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Citigroup Inc. raised shares of Omnicom Group from a “sell” rating to a “neutral” rating in a research report on Wednesday, September 6th. BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 price objective on shares of Omnicom Group in a research report on Wednesday, October 18th. Jefferies Group LLC reaffirmed a “hold” rating and set a $82.00 price objective on shares of Omnicom Group in a research report on Thursday, September 21st. Finally, Royal Bank Of Canada cut their price target on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. Omnicom Group presently has a consensus rating of “Hold” and a consensus price target of $84.00.
Shares of Omnicom Group Inc. (NYSE OMC) traded up $0.27 during trading hours on Monday, hitting $67.55. 2,340,200 shares of the stock traded hands, compared to its average volume of 1,868,204. The stock has a market capitalization of $15,572.48, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 1.82 and a beta of 1.22. 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 Inc. has a 1-year low of $65.32 and a 1-year high of $89.66.
Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 earnings per share. sell-side analysts forecast that Omnicom Group Inc. will post 5.11 earnings per share for the current fiscal year.
In other news, Director Linda Johnson Rice sold 489 shares of Omnicom Group stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total value of $36,342.48. Following the sale, the director now owns 7,777 shares of the company’s stock, valued at $577,986.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is 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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