Chemical Bank increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 137.2% during the first quarter, HoldingsChannel.com reports. The fund owned 9,250 shares of the business services provider’s stock after buying an additional 5,350 shares during the period. Chemical Bank’s holdings in Omnicom Group were worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. NuWave Investment Management LLC increased its stake in Omnicom Group by 1,876.5% in the 4th quarter. NuWave Investment Management LLC now owns 336 shares of the business services provider’s stock valued at $25,000 after buying an additional 319 shares during the period. Sontag Advisory LLC acquired a new position in Omnicom Group in the 4th quarter valued at $28,000. Eukles Asset Management acquired a new position in Omnicom Group in the 4th quarter valued at $29,000. Capital Financial Planning LLC acquired a new position in Omnicom Group in the 4th quarter valued at $30,000. Finally, JOYN Advisors Inc. increased its stake in Omnicom Group by 47.2% in the 4th quarter. JOYN Advisors Inc. now owns 443 shares of the business services provider’s stock valued at $32,000 after buying an additional 142 shares during the period.

Shares of OMC opened at $78.73 on Thursday. Omnicom Group Inc. has a 12-month low of $65.85 and a 12-month high of $84.35. The firm has a market cap of $17.23 billion, a P/E ratio of 13.69, a PEG ratio of 2.80 and a beta of 0.71. The company has a current ratio of 0.88, a quick ratio of 0.79 and a debt-to-equity ratio of 1.89.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, April 16th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.09. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Omnicom Group had a return on equity of 44.01% and a net margin of 8.76%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. As a group, analysts predict that Omnicom Group Inc. will post 5.93 EPS for the current fiscal year.

Several equities analysts have issued reports on OMC shares. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Friday, January 25th. BMO Capital Markets lowered their price target on shares of Omnicom Group from $84.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 13th. Macquarie set a $76.00 price target on shares of Omnicom Group and gave the stock a “hold” rating in a research note on Thursday, February 14th. Citigroup upped their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Finally, Barclays raised shares of Omnicom Group from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $76.00 to $84.00 in a research note on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus target price of $76.90.

In other Omnicom Group news, SVP Andrew Castellaneta sold 4,400 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $80.24, for a total value of $353,056.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jonathan B. Nelson sold 4,916 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $84.22, for a total value of $414,025.52. Following the completion of the sale, the chief executive officer now owns 83,858 shares in the company, valued at $7,062,520.76. The disclosure for this sale can be found here. Insiders sold 12,369 shares of company stock worth $1,000,965 over the last quarter. 1.10% of the stock is currently owned by company insiders.

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Omnicom Group Profile

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

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

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