Omnicom Group Inc. (NYSE:OMC) posted its quarterly earnings data on Tuesday. The business services provider reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03, Bloomberg Earnings reports. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 43.47%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.06 EPS.

Omnicom Group (OMC) opened at 75.45 on Thursday. Omnicom Group has a 12 month low of $71.63 and a 12 month high of $89.66. The firm has a 50-day moving average of $74.07 and a 200 day moving average of $79.74. The stock has a market cap of $17.41 billion, a PE ratio of 15.24 and a beta of 1.28.

In other news, Treasurer Dennis E. Hewitt sold 900 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total value of $71,199.00. Following the completion of the sale, the treasurer now owns 44,161 shares of the company’s stock, valued at $3,493,576.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda Johnson Rice sold 483 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the completion of the sale, the director now directly owns 7,724 shares of the company’s stock, valued at approximately $634,835.56. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Jensen Investment Management Inc. increased its position in shares of Omnicom Group by 11.3% in the second quarter. Jensen Investment Management Inc. now owns 3,498,755 shares of the business services provider’s stock worth $290,047,000 after acquiring an additional 354,285 shares in the last quarter. Homrich & Berg increased its position in shares of Omnicom Group by 10.3% in the second quarter. Homrich & Berg now owns 8,160 shares of the business services provider’s stock worth $676,000 after acquiring an additional 762 shares in the last quarter. Comgest Global Investors S.A.S. increased its position in shares of Omnicom Group by 2.2% in the second quarter. Comgest Global Investors S.A.S. now owns 136,500 shares of the business services provider’s stock worth $11,316,000 after acquiring an additional 3,000 shares in the last quarter. Chatham Capital Group Inc. increased its position in shares of Omnicom Group by 2.7% in the second quarter. Chatham Capital Group Inc. now owns 111,375 shares of the business services provider’s stock worth $9,233,000 after acquiring an additional 2,965 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Omnicom Group by 16.2% in the second quarter. Victory Capital Management Inc. now owns 27,389 shares of the business services provider’s stock worth $2,271,000 after acquiring an additional 3,822 shares in the last quarter. 98.57% of the stock is owned by institutional investors.

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OMC has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $96.00 price objective on shares of Omnicom Group and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Credit Suisse Group lowered their price objective on shares of Omnicom Group from $79.00 to $78.00 and set a “neutral” rating for the company in a research report on Wednesday, October 11th. Wells Fargo & Company reaffirmed a “hold” rating and set a $84.00 price objective on shares of Omnicom Group in a research report on Tuesday, July 18th. Zacks Investment Research cut shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, Citigroup Inc. raised shares of Omnicom Group from a “sell” rating to a “neutral” rating in a research report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $84.00.

About Omnicom Group

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.

Earnings History for Omnicom Group (NYSE:OMC)

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