Sompo Asset Management Co. Ltd. Acquires 130 Shares of Omnicom Group Inc. (NYSE:OMC)

Sompo Asset Management Co. Ltd. boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,870 shares of the business services provider’s stock after acquiring an additional 130 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Omnicom Group were worth $400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pitcairn Co. grew its holdings in Omnicom Group by 20.4% during the 3rd quarter. Pitcairn Co. now owns 5,809 shares of the business services provider’s stock valued at $601,000 after buying an additional 985 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in Omnicom Group by 11.9% during the third quarter. Kingsview Wealth Management LLC now owns 24,321 shares of the business services provider’s stock worth $2,515,000 after buying an additional 2,592 shares during the period. Cerity Partners LLC boosted its stake in Omnicom Group by 47.4% during the third quarter. Cerity Partners LLC now owns 48,598 shares of the business services provider’s stock worth $5,030,000 after buying an additional 15,631 shares during the period. Great Valley Advisor Group Inc. boosted its stake in Omnicom Group by 5.7% during the third quarter. Great Valley Advisor Group Inc. now owns 5,161 shares of the business services provider’s stock worth $533,000 after buying an additional 280 shares during the period. Finally, Citigroup Inc. lifted its position in shares of Omnicom Group by 33.9% during the third quarter. Citigroup Inc. now owns 283,156 shares of the business services provider’s stock worth $29,275,000 after purchasing an additional 71,681 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Insider Buying and Selling at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. This represents a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Omnicom Group Trading Up 0.4 %

Shares of OMC stock opened at $102.38 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The company has a market cap of $19.98 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.29 and a beta of 0.95. The stock has a 50 day simple moving average of $102.25 and a 200-day simple moving average of $96.79. Omnicom Group Inc. has a 1-year low of $78.90 and a 1-year high of $107.00.

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

Analyst Ratings Changes

OMC has been the subject of several research analyst reports. Macquarie lifted their target price on Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America lifted their target price on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. 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 research note on Wednesday, October 16th. UBS Group upped 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. Finally, Wells Fargo & Company lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $106.00 to $110.00 in a research report on Wednesday, October 16th. One research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.11.

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.