Janney Montgomery Scott LLC Boosts Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Janney Montgomery Scott LLC boosted its position in Omnicom Group Inc. (NYSE:OMC) by 2.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 21,211 shares of the business services provider’s stock after purchasing an additional 423 shares during the period. Janney Montgomery Scott LLC’s holdings in Omnicom Group were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Quent Capital LLC lifted its holdings in Omnicom Group by 89.1% during the first quarter. Quent Capital LLC now owns 692 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 326 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Omnicom Group during the 1st quarter valued at approximately $207,000. Concurrent Investment Advisors LLC boosted its holdings in Omnicom Group by 2.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock worth $413,000 after buying an additional 119 shares during the period. Meeder Advisory Services Inc. grew its stake in Omnicom Group by 5.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,635 shares of the business services provider’s stock valued at $255,000 after buying an additional 141 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Omnicom Group by 17.7% during the 1st quarter. US Bancorp DE now owns 129,211 shares of the business services provider’s stock valued at $12,503,000 after acquiring an additional 19,425 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Omnicom Group

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the transaction, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Omnicom Group Trading Down 0.5 %

Shares of OMC opened at $103.83 on Wednesday. Omnicom Group Inc. has a 1-year low of $74.83 and a 1-year high of $107.00. The company has a market capitalization of $20.26 billion, a P/E ratio of 14.26, a P/E/G ratio of 2.35 and a beta of 0.95. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The firm’s 50 day simple moving average is $101.91 and its 200 day simple moving average is $96.35.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating 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 firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the company posted $1.86 EPS. Sell-side analysts forecast that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on OMC shares. Wells Fargo & Company lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $106.00 to $110.00 in a report on Wednesday, October 16th. Bank of America raised their target price on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. UBS Group increased their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays raised their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Macquarie upped their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.11.

About Omnicom Group

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.