Comgest Global Investors S.A.S. raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 14.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,000 shares of the business services provider’s stock after purchasing an additional 8,200 shares during the quarter. Comgest Global Investors S.A.S.’s holdings in Omnicom Group were worth $4,421,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cynosure Advisors LLC boosted its holdings in shares of Omnicom Group by 14.6% in the 2nd quarter. Cynosure Advisors LLC now owns 22,440 shares of the business services provider’s stock valued at $1,711,000 after purchasing an additional 2,860 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Omnicom Group by 57.3% in the 2nd quarter. Brown Advisory Inc. now owns 252,622 shares of the business services provider’s stock valued at $19,268,000 after purchasing an additional 92,037 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Omnicom Group by 179.3% in the 3rd quarter. CENTRAL TRUST Co now owns 7,221 shares of the business services provider’s stock valued at $491,000 after purchasing an additional 4,636 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Omnicom Group by 78.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,773 shares of the business services provider’s stock valued at $211,000 after purchasing an additional 1,220 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Omnicom Group by 0.7% in the 2nd quarter. BlackRock Inc. now owns 14,936,191 shares of the business services provider’s stock valued at $1,139,184,000 after purchasing an additional 109,292 shares in the last quarter.

OMC has been the topic of a number of research analyst reports. Barclays downgraded Omnicom Group from an “equal weight” rating to a “sell” rating and set a $75.00 target price on the stock. in a report on Friday, September 28th. Zacks Investment Research raised Omnicom Group from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. ValuEngine downgraded Omnicom Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. Finally, Royal Bank of Canada reduced their target price on Omnicom Group to $75.00 and set a “$70.60” rating on the stock in a report on Wednesday, July 18th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $75.40.

NYSE OMC opened at $75.57 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.77 and a current ratio of 0.87. Omnicom Group Inc. has a twelve month low of $65.85 and a twelve month high of $83.34. The firm has a market cap of $17.04 billion, a P/E ratio of 14.82, a PEG ratio of 2.08 and a beta of 0.77.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 16th. The business services provider reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. Omnicom Group had a return on equity of 41.70% and a net margin of 7.68%. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the business posted $1.13 EPS. Omnicom Group’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts forecast that Omnicom Group Inc. will post 5.63 earnings per share for the current fiscal year.

In related news, Treasurer Dennis E. Hewitt sold 500 shares of the firm’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $75.85, for a total transaction of $37,925.00. Following the sale, the treasurer now owns 45,610 shares of the company’s stock, valued at approximately $3,459,518.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jonathan B. Nelson sold 13,000 shares of the firm’s stock in a transaction on Friday, October 19th. The shares were sold at an average price of $77.38, for a total value of $1,005,940.00. Following the sale, the chief executive officer now directly owns 58,569 shares in the company, valued at approximately $4,532,069.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,233 shares of company stock worth $1,098,528. 1.20% of the stock is currently owned by company insiders.

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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.

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

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