Omnicom Group Target of Unusually High Options Trading (OMC)

Omnicom Group Inc. (NYSE:OMC) saw unusually large options trading activity on Tuesday. Traders acquired 17,747 call options on the stock. This represents an increase of Infinity compared to the average volume of 0 call options.

Shares of Omnicom Group (NYSE OMC) opened at $67.45 on Friday. Omnicom Group has a 52 week low of $65.32 and a 52 week high of $89.66. The company has a market capitalization of $15,570.00, a price-to-earnings ratio of 13.61, a P/E/G ratio of 1.83 and a beta of 1.22. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm posted $1.06 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. analysts expect that Omnicom Group will post 5.11 EPS for the current fiscal year.

In related news, Director Linda Johnson Rice sold 489 shares of the company’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 value of $36,342.48. Following the transaction, the director now directly owns 7,777 shares in the company, valued at $577,986.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Security National Bank of Sioux City Iowa IA lifted its stake in Omnicom Group by 0.3% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock worth $983,000 after acquiring an additional 35 shares during the period. Financial Counselors Inc. raised its holdings in Omnicom Group by 1.5% in the second quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock worth $309,000 after purchasing an additional 54 shares in the last quarter. WMS Partners LLC raised its holdings in Omnicom Group by 1.2% in the second quarter. WMS Partners LLC now owns 4,650 shares of the business services provider’s stock worth $385,000 after purchasing an additional 55 shares in the last quarter. Tdam USA Inc. raised its holdings in Omnicom Group by 0.5% in the second quarter. Tdam USA Inc. now owns 16,379 shares of the business services provider’s stock worth $1,365,000 after purchasing an additional 74 shares in the last quarter. Finally, Security National Bank of SO Dak raised its holdings in Omnicom Group by 1.0% in the second quarter. Security National Bank of SO Dak now owns 9,959 shares of the business services provider’s stock worth $825,000 after purchasing an additional 100 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

A number of brokerages have commented on OMC. Argus upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Credit Suisse Group increased their price target on shares of Omnicom Group from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, October 18th. Zacks Investment Research cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Royal Bank Of Canada reduced 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 report on Wednesday, October 18th. Finally, Telsey Advisory Group upgraded shares of Omnicom Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from $86.00 to $89.00 in a research report on Wednesday, October 18th. Three equities 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 company. Omnicom Group has an average rating of “Hold” and a consensus price target of $84.00.

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About Omnicom Group

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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