Dynamic Technology Lab Private Ltd Invests $258,000 in Omnicom Group Inc. (NYSE:OMC)

Dynamic Technology Lab Private Ltd acquired a new stake in Omnicom Group Inc. (NYSE:OMC) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 2,499 shares of the business services provider’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OMC. Northwest Investment Counselors LLC acquired a new position in Omnicom Group in the 3rd quarter valued at about $33,000. Davis Capital Management purchased a new position in shares of Omnicom Group in the third quarter valued at approximately $36,000. Innealta Capital LLC acquired a new position in shares of Omnicom Group in the second quarter valued at approximately $33,000. HM Payson & Co. grew its holdings in shares of Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Omnicom Group during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.5 %

OMC stock opened at $104.82 on Monday. The stock has a market cap of $20.45 billion, a P/E ratio of 14.32, a PEG ratio of 2.35 and a beta of 0.95. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a twelve month low of $79.68 and a twelve month high of $107.00. The company’s 50 day moving average is $102.47 and its two-hundred day moving average is $97.07.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the business earned $1.86 EPS. Research analysts expect that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Insider Transactions at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at $2,479,053.05. This represents a 14.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OMC shares. JPMorgan Chase & Co. raised their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Bank of America boosted their target price on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. UBS Group increased their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Macquarie boosted their price objective on Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $106.00 to $110.00 in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus price target of $110.11.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.