CNA Financial Corp increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 8.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 38,761 shares of the business services provider’s stock after buying an additional 3,009 shares during the quarter. CNA Financial Corp’s holdings in Omnicom Group were worth $2,871,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OMC. Janus Henderson Group PLC increased its holdings in 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 worth $414,191,000 after buying an additional 4,963,787 shares in the last quarter. Nordea Investment Management AB boosted its position in Omnicom Group by 501.5% in the second quarter. Nordea Investment Management AB now owns 2,201,826 shares of the business services provider’s stock worth $182,531,000 after purchasing an additional 1,835,749 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Omnicom Group by 12.4% in the third quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock worth $1,118,541,000 after purchasing an additional 1,671,452 shares during the last quarter. Longview Partners Guernsey LTD boosted its position in Omnicom Group by 41.3% in the third quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock worth $418,769,000 after purchasing an additional 1,653,208 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Omnicom Group by 90.0% in the second quarter. Alliancebernstein L.P. now owns 2,652,302 shares of the business services provider’s stock worth $219,876,000 after purchasing an additional 1,256,005 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Omnicom Group Inc. (NYSE OMC) traded down $0.26 during trading hours on Wednesday, reaching $67.66. The company’s stock had a trading volume of 1,895,800 shares, compared to its average volume of 1,870,514. 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. The company has a market cap of $15,657.78, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 1.83 and a beta of 1.22.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS. equities research analysts expect that Omnicom Group Inc. will post 5.11 EPS for the current fiscal year.

Several brokerages have issued reports on OMC. Royal Bank Of Canada set a $96.00 target price on Omnicom Group and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Zacks Investment Research cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BMO Capital Markets reissued a “hold” rating and issued a $85.00 target price on shares of Omnicom Group in a research report on Wednesday, September 13th. BidaskClub cut Omnicom Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Morgan Stanley cut Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 price objective on the stock. in a research report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Omnicom Group currently has an average rating of “Hold” and an average target price of $84.00.

In other news, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction that occurred 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 owns 7,777 shares of the company’s stock, valued at approximately $577,986.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

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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.

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

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