Omnicom Group Inc. (OMC) Shares Bought by Commerce Bank
Commerce Bank boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 114,611 shares of the business services provider’s stock after purchasing an additional 2,666 shares during the period. Commerce Bank’s holdings in Omnicom Group were worth $8,489,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Security National Bank of Sioux City Iowa IA boosted its holdings in shares of Omnicom Group by 0.3% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock valued at $983,000 after acquiring an additional 35 shares during the last quarter. Financial Counselors Inc. boosted its holdings in shares of Omnicom Group by 1.5% in the 2nd quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock valued at $309,000 after acquiring an additional 54 shares during the last quarter. WMS Partners LLC boosted its holdings in shares of Omnicom Group by 1.2% in the 2nd quarter. WMS Partners LLC now owns 4,650 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 55 shares during the last quarter. Tdam USA Inc. lifted its stake in shares of Omnicom Group by 0.5% in the 2nd quarter. Tdam USA Inc. now owns 16,379 shares of the business services provider’s stock valued at $1,365,000 after purchasing an additional 74 shares during the period. Finally, Security National Bank of SO Dak lifted its stake in shares of Omnicom Group by 1.0% in the 2nd quarter. Security National Bank of SO Dak now owns 9,959 shares of the business services provider’s stock valued at $825,000 after purchasing an additional 100 shares during the period. 98.60% of the stock is currently owned by institutional investors.
In related news, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total value of $36,342.48. Following the completion of the sale, the director now owns 7,777 shares of the company’s stock, valued at $577,986.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.
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Shares of Omnicom Group Inc. (OMC) traded up $0.30 on Friday, hitting $67.45. 2,517,200 shares of the company were exchanged, compared to its average volume of 1,873,449. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79. Omnicom Group Inc. has a 12-month low of $65.32 and a 12-month high of $89.66. The stock has a market capitalization of $15,482.58, a price-to-earnings ratio of 13.51, a P/E/G ratio of 1.81 and a beta of 1.22.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the firm posted $1.06 earnings per share. Omnicom Group’s quarterly revenue was down 1.9% on a year-over-year basis. equities analysts anticipate that Omnicom Group Inc. will post 5.11 EPS for the current year.
OMC has been the subject of several analyst reports. Credit Suisse Group boosted their target price on shares of Omnicom Group from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, October 18th. Telsey Advisory Group upgraded shares of Omnicom Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $86.00 to $89.00 in a research note on Wednesday, October 18th. BidaskClub cut shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada set a $96.00 target price on shares of Omnicom Group and gave the company a “buy” rating in a research note on Saturday, July 22nd. Finally, Zacks Investment Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. Omnicom Group presently has a consensus rating of “Hold” and a consensus price target of $84.00.
Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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