Omnicom Group Inc. (OMC) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,671 shares of the business services provider’s stock after purchasing an additional 7,935 shares during the quarter. Macquarie Group Ltd. owned about 0.07% of Omnicom Group worth $11,234,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jensen Investment Management Inc. grew its stake in shares of Omnicom Group by 11.3% during the second quarter. Jensen Investment Management Inc. now owns 3,498,755 shares of the business services provider’s stock valued at $290,047,000 after purchasing an additional 354,285 shares during the last quarter. Swiss National Bank grew its stake in shares of Omnicom Group by 0.3% during the third quarter. Swiss National Bank now owns 859,077 shares of the business services provider’s stock valued at $63,632,000 after purchasing an additional 2,200 shares during the last quarter. Cambridge Trust Co. bought a new stake in shares of Omnicom Group during the third quarter valued at approximately $319,000. Chatham Capital Group Inc. grew its stake in shares of Omnicom Group by 2.7% during the second quarter. Chatham Capital Group Inc. now owns 111,375 shares of the business services provider’s stock valued at $9,233,000 after purchasing an additional 2,965 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Omnicom Group by 16.2% during the second quarter. Victory Capital Management Inc. now owns 27,389 shares of the business services provider’s stock valued at $2,271,000 after purchasing an additional 3,822 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Omnicom Group Inc. (NYSE:OMC) traded up $1.81 during mid-day trading on Wednesday, reaching $70.65. 2,463,500 shares of the company’s stock were exchanged, compared to its average volume of 1,886,160. Omnicom Group Inc. has a 1 year low of $65.32 and a 1 year high of $89.66. The company has a market capitalization of $15,899.84, a PE ratio of 13.88, a PEG ratio of 1.86 and a beta of 1.22. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62.
Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $1.06 earnings per share. analysts forecast that Omnicom Group Inc. will post 5.11 EPS for the current year.
Several analysts have recently commented on OMC shares. Credit Suisse Group decreased their price target on shares of Omnicom Group from $79.00 to $78.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 11th. Royal Bank Of Canada set a $96.00 price objective on shares of Omnicom Group and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Argus raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research cut shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Telsey Advisory Group raised shares of Omnicom Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $86.00 to $89.00 in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. Omnicom Group has a consensus rating of “Hold” and an average price target of $84.00.
In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of the stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $74.32, for a total value of $36,342.48. Following the sale, the director now directly owns 7,777 shares in the company, valued at $577,986.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.
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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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