Omnicom Group Inc. (NYSE:OMC) Holdings Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 20.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,825 shares of the business services provider’s stock after purchasing an additional 4,440 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Omnicom Group were worth $2,670,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Omnicom Group in the 2nd quarter worth about $33,000. Innealta Capital LLC bought a new position in Omnicom Group in the second quarter worth about $33,000. Northwest Investment Counselors LLC acquired a new position in Omnicom Group in the third quarter valued at approximately $33,000. Davis Capital Management bought a new position in shares of Omnicom Group during the third quarter valued at approximately $36,000. Finally, HM Payson & Co. raised its position in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OMC has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report 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 stock from $106.00 to $110.00 in a research note on Wednesday, October 16th. UBS Group raised their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Macquarie increased their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Bank of America upped their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.11.

Insider Buying and Selling

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group Stock Down 0.3 %

OMC stock opened at $104.35 on Thursday. The company’s 50 day simple moving average is $102.42 and its 200-day simple moving average is $96.96. Omnicom Group Inc. has a 52-week low of $78.90 and a 52-week high of $107.00. 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 firm has a market capitalization of $20.36 billion, a P/E ratio of 14.26, a P/E/G ratio of 2.35 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data 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 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 business earned $1.86 EPS. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 7.94 EPS for the current year.

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.