Omnicom Group Inc. (OMC) Position Raised by Toronto Dominion Bank

Toronto Dominion Bank increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 11.6% in the 1st quarter, Holdings Channel reports. The firm owned 201,408 shares of the business services provider’s stock after acquiring an additional 20,989 shares during the quarter. Toronto Dominion Bank’s holdings in Omnicom Group were worth $14,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFM Investors Pty Ltd increased its position in shares of Omnicom Group by 10.7% during the first quarter. IFM Investors Pty Ltd now owns 14,522 shares of the business services provider’s stock valued at $1,060,000 after acquiring an additional 1,398 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of Omnicom Group in the fourth quarter valued at approximately $37,806,000. Capital Investment Advisors LLC boosted its stake in shares of Omnicom Group by 11.3% in the fourth quarter. Capital Investment Advisors LLC now owns 71,970 shares of the business services provider’s stock valued at $5,271,000 after purchasing an additional 7,331 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Omnicom Group by 561.7% in the fourth quarter. Acadian Asset Management LLC now owns 26,594 shares of the business services provider’s stock valued at $1,948,000 after purchasing an additional 22,575 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Omnicom Group by 250.0% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 126,731 shares of the business services provider’s stock valued at $8,119,000 after purchasing an additional 90,519 shares during the period.

In related news, SVP Andrew Castellaneta sold 4,400 shares of Omnicom Group stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $80.24, for a total value of $353,056.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leonard S. Coleman, Jr. sold 2,556 shares of Omnicom Group stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $75.25, for a total transaction of $192,339.00. The disclosure for this sale can be found here. Insiders sold 12,369 shares of company stock valued at $1,000,965 in the last quarter. 1.10% of the stock is owned by insiders.



Shares of NYSE OMC traded up $0.70 during midday trading on Friday, hitting $79.74. The company’s stock had a trading volume of 278,692 shares, compared to its average volume of 1,868,521. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.79 and a current ratio of 0.88. Omnicom Group Inc. has a 1 year low of $65.85 and a 1 year high of $84.35. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 2.83 and a beta of 0.71.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.09. Omnicom Group had a net margin of 8.76% and a return on equity of 44.01%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Equities analysts predict that Omnicom Group Inc. will post 5.93 EPS for the current fiscal year.

Several research analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of Omnicom Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Barclays raised shares of Omnicom Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $76.00 to $84.00 in a research note on Wednesday, April 17th. Citigroup raised their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Macquarie set a $76.00 price objective on shares of Omnicom Group and gave the company a “hold” rating in a research note on Thursday, February 14th. Finally, Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Friday, January 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Omnicom Group has an average rating of “Hold” and a consensus price target of $76.90.

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About Omnicom Group

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

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

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