Omnicom Group Inc. (NYSE:OMC) Shares Sold by DRW Securities LLC

DRW Securities LLC cut its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 24.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,263 shares of the business services provider’s stock after selling 3,038 shares during the period. DRW Securities LLC’s holdings in Omnicom Group were worth $958,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Omnicom Group during the second quarter valued at approximately $33,000. Innealta Capital LLC acquired a new stake in Omnicom Group during the second quarter valued at approximately $33,000. Northwest Investment Counselors LLC acquired a new stake in Omnicom Group during the third quarter valued at approximately $33,000. Davis Capital Management acquired a new stake in Omnicom Group during the third quarter valued at approximately $36,000. Finally, HM Payson & Co. raised its holdings in shares of Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Up 2.2 %

Omnicom Group stock opened at $104.61 on Tuesday. The firm has a market cap of $20.41 billion, a PE ratio of 14.29, a P/E/G ratio of 2.30 and a beta of 0.95. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The firm’s 50 day moving average price is $102.32 and its two-hundred day moving average price is $96.85. Omnicom Group Inc. has a twelve month low of $78.90 and a twelve month high of $107.00.

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, topping the consensus estimate of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the business posted $1.86 EPS. On average, research analysts predict that Omnicom Group Inc. will post 7.94 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the transaction, the chief accounting officer now owns 23,545 shares in the company, valued at $2,479,053.05. This represents a 14.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Omnicom Group 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.