Commonwealth Bank of Australia boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 15.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,985 shares of the business services provider’s stock after acquiring an additional 4,294 shares during the quarter. Commonwealth Bank of Australia’s holdings in Omnicom Group were worth $2,437,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Omnicom Group by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 15,946,330 shares of the business services provider’s stock worth $1,321,951,000 after acquiring an additional 79,678 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Omnicom Group by 12.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock valued at $1,118,541,000 after purchasing an additional 1,671,452 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Omnicom Group by 6.1% in the 3rd quarter. Pzena Investment Management LLC now owns 6,343,295 shares of the business services provider’s stock valued at $469,848,000 after purchasing an additional 364,309 shares during the last quarter. Longview Partners Guernsey LTD boosted its stake in shares of Omnicom Group by 41.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock valued at $418,769,000 after purchasing an additional 1,653,208 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Omnicom Group by 15,279.3% in the 2nd quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock valued at $414,191,000 after purchasing an additional 4,963,787 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.
Omnicom Group Inc. (NYSE OMC) traded up $2.02 during trading on Friday, hitting $73.38. 2,640,000 shares of the company were exchanged, compared to its average volume of 2,630,000. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62. Omnicom Group Inc. has a 52 week low of $65.32 and a 52 week high of $89.66. The firm has a market cap of $16,920.00, a P/E ratio of 14.76, a PEG ratio of 1.98 and a beta of 1.23.
Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the company earned $1.06 EPS. Omnicom Group’s quarterly revenue was down 1.9% compared to the same quarter last year. analysts anticipate that Omnicom Group Inc. will post 5.11 earnings per share for the current fiscal year.
In related news, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the transaction, the director now owns 7,777 shares in the company, valued at approximately $577,986.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.
A number of equities research analysts have recently commented on the stock. TheStreet lowered shares of Omnicom Group from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a research note on Wednesday, September 13th. Citigroup raised shares of Omnicom Group from a “sell” rating to a “neutral” rating in a research note on Wednesday, September 6th. Jefferies Group reaffirmed a “hold” rating and issued a $82.00 price objective on shares of Omnicom Group in a research note on Thursday, September 21st. Finally, Royal Bank Of Canada reduced their price objective on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $84.00.
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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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