Great Valley Advisor Group Inc. Acquires 280 Shares of Omnicom Group Inc. (NYSE:OMC)

Great Valley Advisor Group Inc. lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,161 shares of the business services provider’s stock after purchasing an additional 280 shares during the period. Great Valley Advisor Group Inc.’s holdings in Omnicom Group were worth $533,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Citigroup Inc. grew its stake in shares of Omnicom Group by 33.9% during the third quarter. Citigroup Inc. now owns 283,156 shares of the business services provider’s stock valued at $29,275,000 after buying an additional 71,681 shares during the last quarter. Bellwether Advisors LLC bought a new position in Omnicom Group during the 3rd quarter worth approximately $585,000. First Horizon Advisors Inc. increased its stake in Omnicom Group by 3.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 223,167 shares of the business services provider’s stock worth $23,073,000 after purchasing an additional 7,295 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Omnicom Group in the third quarter valued at approximately $500,000. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Omnicom Group by 17.2% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,777 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC opened at $104.63 on Wednesday. The company has a 50-day simple moving average of $102.38 and a two-hundred day simple moving average of $96.91. 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 has a market capitalization of $20.42 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 2.30 and a beta of 0.95. Omnicom Group Inc. has a one year low of $78.90 and a one year high of $107.00.

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

Analysts Set New Price Targets

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

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.