Omnicom Group Inc. (OMC) Position Cut by Aperio Group LLC

Aperio Group LLC trimmed its position in Omnicom Group Inc. (NYSE:OMC) by 21.8% during the third quarter, Holdings Channel reports. The fund owned 138,825 shares of the business services provider’s stock after selling 38,789 shares during the quarter. Aperio Group LLC’s holdings in Omnicom Group were worth $9,443,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OMC. Massachusetts Financial Services Co. MA boosted its position in Omnicom Group by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 17,805,272 shares of the business services provider’s stock valued at $1,358,007,000 after buying an additional 427,284 shares in the last quarter. BlackRock Inc. boosted its position in Omnicom Group by 0.7% in the second quarter. BlackRock Inc. now owns 14,936,191 shares of the business services provider’s stock valued at $1,139,184,000 after buying an additional 109,292 shares in the last quarter. Schroder Investment Management Group boosted its position in Omnicom Group by 9.4% in the second quarter. Schroder Investment Management Group now owns 3,559,905 shares of the business services provider’s stock valued at $271,657,000 after buying an additional 307,241 shares in the last quarter. Northern Trust Corp boosted its position in Omnicom Group by 1.7% in the second quarter. Northern Trust Corp now owns 3,386,113 shares of the business services provider’s stock valued at $258,259,000 after buying an additional 56,688 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. boosted its position in Omnicom Group by 15.1% in the second quarter. Beutel Goodman & Co Ltd. now owns 3,138,639 shares of the business services provider’s stock valued at $182,123,000 after buying an additional 412,929 shares in the last quarter.

A number of brokerages have weighed in on OMC. Citigroup raised their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday. ValuEngine upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Royal Bank of Canada cut their target price on shares of Omnicom Group to $75.00 and set a “$70.60” rating on the stock in a research report on Wednesday, July 18th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Finally, Barclays set a $76.00 target price on shares of Omnicom Group and gave the company a “sell” rating in a research report on Wednesday, October 17th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $75.40.



Shares of NYSE:OMC opened at $71.04 on Friday. The firm has a market cap of $16.11 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 2.17 and a beta of 1.06. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 1.48. Omnicom Group Inc. has a 52 week low of $65.32 and a 52 week high of $83.34.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 16th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.68 billion. Omnicom Group had a net margin of 7.68% and a return on equity of 41.70%. Omnicom Group’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 earnings per share. Equities analysts anticipate that Omnicom Group Inc. will post 5.64 earnings per share for the current year.

In other news, Director Linda Johnson Rice sold 533 shares of Omnicom Group stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $76.28, for a total transaction of $40,657.24. Following the transaction, the director now owns 8,027 shares in the company, valued at $612,299.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Treasurer Dennis E. Hewitt sold 500 shares of Omnicom Group stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $75.85, for a total transaction of $37,925.00. Following the transaction, the treasurer now owns 45,610 shares in the company, valued at approximately $3,459,518.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,533 shares of company stock worth $1,118,670. 1.20% of the stock is owned by company insiders.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

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

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