AGF Investments Inc. Reduces Position in Omnicom Group Inc. (OMC)

AGF Investments Inc. cut its position in shares of Omnicom Group Inc. (NYSE:OMC) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,560,675 shares of the business services provider’s stock after selling 88,212 shares during the quarter. Omnicom Group comprises 1.3% of AGF Investments Inc.’s investment portfolio, making the stock its 13th biggest holding. AGF Investments Inc. owned approximately 0.68% of Omnicom Group worth $115,599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMC. Parallel Advisors LLC boosted its position in shares of Omnicom Group by 8.7% during the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 104 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Omnicom Group during the second quarter valued at approximately $104,000. Acrospire Investment Management LLC bought a new stake in shares of Omnicom Group during the second quarter valued at approximately $149,000. Eagle Ridge Investment Management bought a new stake in Omnicom Group in the third quarter worth $201,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Omnicom Group in the third quarter worth $205,000. Institutional investors own 99.96% of the company’s stock.

OMC has been the topic of several analyst reports. Royal Bank Of Canada set a $96.00 target price on Omnicom Group and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Friday, October 13th. Argus raised Omnicom Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. TheStreet downgraded Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $85.00 target price on shares of Omnicom Group in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. Omnicom Group presently has an average rating of “Hold” and an average target price of $84.00.

Omnicom Group Inc. (OMC) opened at $68.97 on Friday. The stock has a market capitalization of $15,899.86, a price-to-earnings 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 Inc. has a 1-year low of $65.32 and a 1-year high of $89.66.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 earnings per share. analysts predict that Omnicom Group Inc. will post 5.11 EPS for the current year.

In other news, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total transaction of $36,342.48. Following the transaction, the director now directly owns 7,777 shares of the company’s stock, valued at $577,986.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

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

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