Apollon Wealth Management LLC Decreases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Apollon Wealth Management LLC decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,522 shares of the business services provider’s stock after selling 1,302 shares during the quarter. Apollon Wealth Management LLC’s holdings in Omnicom Group were worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in OMC. Keystone Financial Services increased its stake in Omnicom Group by 7.0% during the 3rd quarter. Keystone Financial Services now owns 4,046 shares of the business services provider’s stock worth $418,000 after buying an additional 263 shares during the period. WCM Investment Management LLC purchased a new stake in shares of Omnicom Group during the third quarter worth about $213,000. Versor Investments LP acquired a new position in shares of Omnicom Group in the third quarter worth about $355,000. Ashton Thomas Securities LLC purchased a new position in Omnicom Group in the third quarter valued at about $68,000. Finally, Arvest Investments Inc. grew its stake in Omnicom Group by 0.9% during the 3rd quarter. Arvest Investments Inc. now owns 22,447 shares of the business services provider’s stock valued at $2,321,000 after purchasing an additional 207 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OMC shares. JPMorgan Chase & Co. upped their target price on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Macquarie increased their price objective 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. UBS Group boosted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Bank of America increased their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. Finally, Barclays boosted their price objective on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.11.

Omnicom Group Stock Performance

OMC opened at $103.34 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $102.00 and its 200-day moving average is $96.40. The stock has a market cap of $20.16 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Omnicom Group Inc. has a twelve month low of $76.55 and a twelve month high of $107.00.

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

Insider Activity

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $1,524,738.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. This trade represents a 0.00 % 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.

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.