Omnicom Group Inc. (NYSE:OMC) has received an average recommendation of “Hold” from the fifteen research firms that are currently covering the company. Twelve equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $82.64.

A number of research analysts recently commented on OMC shares. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Telsey Advisory Group upped their price objective on Omnicom Group from $79.00 to $86.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 20th. RBC Capital Markets restated a “hold” rating and set a $87.00 price objective on shares of Omnicom Group in a research note on Sunday. Royal Bank Of Canada began coverage on Omnicom Group in a research note on Friday, October 7th. They set a “sector perform” rating and a $87.00 price objective for the company. Finally, Credit Suisse Group AG began coverage on Omnicom Group in a research note on Thursday, September 15th. They issued a “neutral” rating and a $83.00 price target for the company.

In other news, Director Linda Johnson Rice sold 824 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $84.55, for a total transaction of $69,669.20. Following the completion of the sale, the director now directly owns 30,440 shares of the company’s stock, valued at $2,573,702. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Several large investors have recently made changes to their positions in OMC. MSI Financial Services Inc increased its stake in shares of Omnicom Group by 5.8% in the third quarter. MSI Financial Services Inc now owns 3,143 shares of the company’s stock valued at $267,000 after buying an additional 171 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Omnicom Group by 13.0% in the third quarter. Nisa Investment Advisors LLC now owns 87,946 shares of the company’s stock valued at $7,475,000 after buying an additional 10,126 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Omnicom Group by 6.0% in the third quarter. Capstone Asset Management Co. now owns 41,117 shares of the company’s stock valued at $3,495,000 after buying an additional 2,330 shares in the last quarter. Creative Planning increased its stake in shares of Omnicom Group by 17.3% in the third quarter. Creative Planning now owns 4,936 shares of the company’s stock valued at $420,000 after buying an additional 728 shares in the last quarter. Finally, Waverton Investment Management Ltd increased its stake in shares of Omnicom Group by 241.1% in the third quarter. Waverton Investment Management Ltd now owns 201,100 shares of the company’s stock valued at $17,094,000 after buying an additional 142,139 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

Omnicom Group (NYSE:OMC) traded down 0.6449% on Thursday, hitting $82.1468. The stock had a trading volume of 1,074,842 shares. The stock has a 50-day moving average of $84.52 and a 200-day moving average of $83.42. Omnicom Group has a one year low of $66.48 and a one year high of $87.50. The company has a market cap of $19.43 billion, a PE ratio of 17.9674 and a beta of 1.35.

Omnicom Group Company 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.

5 Day Chart for NYSE:OMC

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