Lingohr & Partner Asset Management GmbH lowered its holdings in Omnicom Group Inc. (NYSE:OMC) by 16.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,051 shares of the business services provider’s stock after selling 3,474 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Omnicom Group were worth $1,160,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Omnicom Group by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 17,805,272 shares of the business services provider’s stock valued at $1,358,007,000 after purchasing an additional 427,284 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Omnicom Group by 0.7% during the second quarter. BlackRock Inc. now owns 14,936,191 shares of the business services provider’s stock worth $1,139,184,000 after acquiring an additional 109,292 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Omnicom Group by 9.4% during the second quarter. Schroder Investment Management Group now owns 3,559,905 shares of the business services provider’s stock worth $271,657,000 after acquiring an additional 307,241 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Omnicom Group by 1.7% during the second quarter. Northern Trust Corp now owns 3,386,113 shares of the business services provider’s stock worth $258,259,000 after acquiring an additional 56,688 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. raised its holdings in shares of Omnicom Group by 15.1% during the second quarter. Beutel Goodman & Co Ltd. now owns 3,138,639 shares of the business services provider’s stock worth $182,123,000 after acquiring an additional 412,929 shares in the last quarter.

Shares of NYSE:OMC opened at $76.17 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.89 and a debt-to-equity ratio of 1.70. Omnicom Group Inc. has a 1 year low of $65.32 and a 1 year high of $83.34. The firm has a market cap of $15.26 billion, a P/E ratio of 14.94, a PEG ratio of 2.17 and a beta of 1.06.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 16th. The business services provider reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.03. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.68 billion. Omnicom Group had a net margin of 7.45% and a return on equity of 40.82%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. Analysts anticipate that Omnicom Group Inc. will post 5.58 earnings per share for the current year.

Several analysts recently issued reports on OMC shares. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price objective on shares of Omnicom Group in a report on Thursday, July 19th. ValuEngine upgraded Omnicom Group from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays set a $76.00 price objective on Omnicom Group and gave the stock a “sell” rating in a report on Wednesday. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $75.00 price objective (down from $80.00) on shares of Omnicom Group in a report on Tuesday, July 17th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Omnicom Group currently has an average rating of “Hold” and an average price target of $74.67.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

See Also: Initial Public Offering (IPO)

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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