Omnicom Group Inc. (OMC) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. raised its stake in Omnicom Group Inc. (NYSE:OMC) by 12.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,426 shares of the company’s stock after buying an additional 17,714 shares during the period. Macquarie Group Ltd. owned 0.07% of Omnicom Group worth $12,828,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Trust Department MB Financial Bank N A increased its position in Omnicom Group by 6.0% in the second quarter. Trust Department MB Financial Bank N A now owns 1,768 shares of the company’s stock worth $123,000 after buying an additional 100 shares in the last quarter. City Holding Co. increased its position in Omnicom Group by 90.4% in the second quarter. City Holding Co. now owns 1,942 shares of the company’s stock worth $158,000 after buying an additional 922 shares in the last quarter. PineBridge Investments L.P. increased its position in Omnicom Group by 11.0% in the second quarter. PineBridge Investments L.P. now owns 2,000 shares of the company’s stock worth $163,000 after buying an additional 198 shares in the last quarter. Signaturefd LLC increased its position in Omnicom Group by 8.6% in the second quarter. Signaturefd LLC now owns 2,211 shares of the company’s stock worth $180,000 after buying an additional 176 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Omnicom Group during the second quarter worth about $202,000. 95.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Omnicom Group Inc. (NYSE:OMC) traded down 0.5879% during trading on Wednesday, reaching $87.8206. The company had a trading volume of 482,165 shares. Omnicom Group Inc. has a 12 month low of $66.48 and a 12 month high of $88.79. The stock has a market capitalization of $20.72 billion, a PE ratio of 18.8254 and a beta of 1.25. The stock’s 50-day moving average price is $82.24 and its 200-day moving average price is $83.07.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.03. Omnicom Group had a return on equity of 39.38% and a net margin of 7.32%. The firm had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Omnicom Group’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts forecast that Omnicom Group Inc. will post $4.75 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Credit Suisse Group AG assumed coverage on Omnicom Group in a research note on Thursday, September 15th. They set a “neutral” rating and a $83.00 price target on the stock. Royal Bank Of Canada assumed coverage on Omnicom Group in a research note on Friday, October 7th. They set a “sector perform” rating and a $87.00 price target on the stock. RBC Capital Markets assumed coverage on Omnicom Group in a research note on Thursday, October 6th. They issued a “sector perform” rating and a $87.00 target price on the stock. Finally, Pivotal Research lifted their target price on Omnicom Group from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, October 17th. Thirteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Omnicom Group presently has an average rating of “Hold” and a consensus target price of $83.86.
In other news, Director Leonard S. Coleman, Jr. sold 986 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $87.74, for a total transaction of $86,511.64. Following the sale, the director now directly owns 26,829 shares in the company, valued at approximately $2,353,976.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Dennis E. Hewitt sold 1,000 shares of the stock in a transaction that occurred on Friday, October 21st. The stock was sold at an average price of $79.57, for a total value of $79,570.00. Following the sale, the treasurer now owns 38,075 shares in the company, valued at $3,029,627.75. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
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.
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