Great Valley Advisor Group Inc. Raises Position in Omnicom Group Inc. (NYSE:OMC)

Great Valley Advisor Group Inc. grew its position in shares of Omnicom Group Inc. (NYSE:OMC) by 5.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,161 shares of the business services provider’s stock after purchasing an additional 280 shares during the period. Great Valley Advisor Group Inc.’s holdings in Omnicom Group were worth $533,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OMC. Boston Trust Walden Corp lifted its position in Omnicom Group by 8.2% in the 2nd quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock valued at $16,723,000 after acquiring an additional 14,153 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of Omnicom Group by 16.3% during the third quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 401 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Omnicom Group by 37.0% during the second quarter. SG Americas Securities LLC now owns 64,481 shares of the business services provider’s stock valued at $5,784,000 after buying an additional 17,414 shares during the last quarter. Cetera Investment Advisers increased its holdings in Omnicom Group by 197.4% in the 1st quarter. Cetera Investment Advisers now owns 127,515 shares of the business services provider’s stock worth $12,338,000 after buying an additional 84,632 shares in the last quarter. Finally, Swedbank AB purchased a new position in Omnicom Group in the 1st quarter worth about $6,223,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OMC. Barclays raised their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. UBS Group raised their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Macquarie boosted their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company cut Omnicom Group from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $106.00 to $110.00 in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.11.

Omnicom Group Stock Performance

Shares of OMC opened at $104.63 on Wednesday. The business has a 50-day simple moving average of $102.38 and a two-hundred day simple moving average of $96.91. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 52 week low of $78.90 and a 52 week high of $107.00. The stock has a market cap of $20.42 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 2.30 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (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 company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the firm posted $1.86 EPS. On average, analysts expect that Omnicom Group Inc. will post 7.94 EPS for the current year.

Insider Transactions at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the sale, the chief accounting officer now owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group Company 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.