Candriam Luxembourg S.C.A. raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 398.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,353 shares of the business services provider’s stock after acquiring an additional 118,593 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Omnicom Group were worth $10,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of OMC. First Eagle Investment Management LLC lifted its stake in shares of 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 buying an additional 1,671,452 shares during the last quarter. Longview Partners Guernsey LTD lifted its stake in shares of Omnicom Group by 12.4% in the fourth quarter. Longview Partners Guernsey LTD now owns 6,355,879 shares of the business services provider’s stock worth $462,899,000 after buying an additional 702,181 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Omnicom Group by 6.1% in the third quarter. Pzena Investment Management LLC now owns 6,343,295 shares of the business services provider’s stock worth $469,848,000 after buying an additional 364,309 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Omnicom Group by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 4,827,716 shares of the business services provider’s stock worth $357,589,000 after buying an additional 140,862 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Omnicom Group by 3.0% in the third quarter. Mackenzie Financial Corp now owns 4,412,123 shares of the business services provider’s stock worth $326,806,000 after buying an additional 127,320 shares during the last quarter. Hedge funds and other institutional investors own 98.62% of the company’s stock.

In related news, insider Peter K. Sherman sold 8,310 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the transaction, the insider now owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

A number of analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Omnicom Group from $72.00 to $76.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 31st. Barclays restated a “hold” rating and issued a $81.00 price objective on shares of Omnicom Group in a research note on Thursday, January 25th. Bank of America cut shares of Omnicom Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 25th. ValuEngine cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Credit Suisse Group boosted their price objective on shares of Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $83.64.

Omnicom Group Inc. (NYSE OMC) opened at $79.56 on Wednesday. Omnicom Group Inc. has a 52-week low of $65.32 and a 52-week high of $86.71. The stock has a market cap of $17,739.49, a price-to-earnings ratio of 15.85, a P/E/G ratio of 2.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90.

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

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