Ontario Teachers Pension Plan Board Has $436,000 Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Ontario Teachers Pension Plan Board reduced its position in shares of Omnicom Group Inc. (NYSE:OMC) by 31.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,215 shares of the business services provider’s stock after selling 1,937 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Omnicom Group were worth $436,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OMC. Jacobs Levy Equity Management Inc. raised its holdings in shares of Omnicom Group by 319.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,450,160 shares of the business services provider’s stock worth $140,317,000 after buying an additional 1,104,566 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Omnicom Group by 37.0% in the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock worth $296,717,000 after acquiring an additional 892,494 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at approximately $56,177,000. Boston Partners grew its holdings in shares of Omnicom Group by 11.0% during the 1st quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock valued at $374,795,000 after purchasing an additional 383,560 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Omnicom Group by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider’s stock worth $205,682,000 after purchasing an additional 364,665 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Omnicom Group Trading Up 3.0 %

NYSE:OMC opened at $102.06 on Friday. Omnicom Group Inc. has a 52 week low of $78.75 and a 52 week high of $107.00. The firm’s fifty day moving average is $102.20 and its 200-day moving average is $96.70. The firm has a market cap of $19.91 billion, a P/E ratio of 13.94, a P/E/G ratio of 2.20 and a beta of 0.95. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98.

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

Insider Buying and Selling at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The trade was a 16.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

About Omnicom Group

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.