Metis Global Partners LLC Has $652,000 Stake in Omnicom Group Inc. (NYSE:OMC)

Metis Global Partners LLC grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,302 shares of the business services provider’s stock after acquiring an additional 120 shares during the period. Metis Global Partners LLC’s holdings in Omnicom Group were worth $652,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Quent Capital LLC increased its holdings in Omnicom Group by 89.1% in the first quarter. Quent Capital LLC now owns 692 shares of the business services provider’s stock worth $67,000 after purchasing an additional 326 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Omnicom Group by 13,957.7% during the 1st quarter. Acadian Asset Management LLC now owns 54,122 shares of the business services provider’s stock valued at $5,234,000 after acquiring an additional 53,737 shares during the period. Covestor Ltd boosted its stake in Omnicom Group by 62.3% during the first quarter. Covestor Ltd now owns 1,771 shares of the business services provider’s stock worth $171,000 after acquiring an additional 680 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Omnicom Group by 2.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 104,302 shares of the business services provider’s stock worth $10,092,000 after purchasing an additional 2,653 shares during the period. Finally, Lake Street Advisors Group LLC increased its stake in Omnicom Group by 12.8% in the first quarter. Lake Street Advisors Group LLC now owns 3,166 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 359 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

OMC has been the subject of a number of research analyst reports. Wells Fargo & Company lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $106.00 to $110.00 in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. UBS Group lifted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Barclays upped their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Macquarie lifted their price objective on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus price target of $110.11.

Insider Buying and Selling

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the transaction, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. This represents a 16.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the sale, the chief accounting officer now owns 23,545 shares of the company’s stock, valued at $2,479,053.05. The trade was a 14.52 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Omnicom Group Trading Down 7.8 %

Shares of Omnicom Group stock opened at $96.86 on Monday. The company’s 50-day moving average price is $102.16 and its 200-day moving average price is $96.56. The company has a market cap of $18.90 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 2.18 and a beta of 0.95. Omnicom Group Inc. has a 12-month low of $76.90 and a 12-month high of $107.00. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same period last year, the firm earned $1.86 EPS. On average, equities analysts expect that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.