Toronto Dominion Bank lowered its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 8.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 177,254 shares of the business services provider’s stock after selling 17,387 shares during the period. Toronto Dominion Bank’s holdings in Omnicom Group were worth $12,055,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OMC. Pendal Group Ltd increased its stake in shares of Omnicom Group by 10.0% in the 3rd quarter. Pendal Group Ltd now owns 7,914 shares of the business services provider’s stock valued at $538,000 after purchasing an additional 720 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Omnicom Group by 1.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 50,542 shares of the business services provider’s stock valued at $3,438,000 after purchasing an additional 729 shares in the last quarter. Comerica Bank increased its stake in shares of Omnicom Group by 1.3% in the 2nd quarter. Comerica Bank now owns 56,064 shares of the business services provider’s stock valued at $3,963,000 after purchasing an additional 742 shares in the last quarter. Boston Financial Mangement LLC increased its stake in shares of Omnicom Group by 25.9% in the 2nd quarter. Boston Financial Mangement LLC now owns 3,813 shares of the business services provider’s stock valued at $291,000 after purchasing an additional 785 shares in the last quarter. Finally, AGF Investments America Inc. increased its stake in shares of Omnicom Group by 2.4% in the 2nd quarter. AGF Investments America Inc. now owns 34,890 shares of the business services provider’s stock valued at $2,661,000 after purchasing an additional 810 shares in the last quarter.

In related news, Treasurer Dennis E. Hewitt sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $75.85, for a total value of $37,925.00. Following the transaction, the treasurer now directly owns 45,610 shares in the company, valued at $3,459,518.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jonathan B. Nelson sold 13,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 58,569 shares in the company, valued at $4,532,069.22. The disclosure for this sale can be found here. Insiders sold 14,233 shares of company stock worth $1,098,528 over the last quarter. 1.20% of the stock is currently owned by insiders.

Several equities research analysts have commented on the company. Barclays lowered Omnicom Group from an “equal weight” rating to a “sell” rating and set a $75.00 price objective for the company. in a research note on Friday, September 28th. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. ValuEngine upgraded Omnicom Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 30th. Citigroup boosted their price objective on Omnicom Group from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 24th. Finally, Pivotal Research boosted their price objective on Omnicom Group from $65.00 to $66.00 and gave the stock a “hold” rating in a research note on Tuesday, October 16th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Omnicom Group presently has a consensus rating of “Hold” and a consensus price target of $75.40.

NYSE:OMC opened at $75.70 on Wednesday. Omnicom Group Inc. has a 12 month low of $65.85 and a 12 month high of $83.34. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 1.48. The company has a market cap of $17.22 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.10 and a beta of 0.77.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data 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 company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.68 billion. Omnicom Group had a return on equity of 41.70% and a net margin of 7.68%. Omnicom Group’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 EPS. Equities research analysts forecast that Omnicom Group Inc. will post 5.63 earnings per share for the current year.

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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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