Anchor Capital Advisors LLC Has $22.30 Million Stake in Omnicom Group Inc. (OMC)
Anchor Capital Advisors LLC decreased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 16.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 301,059 shares of the business services provider’s stock after selling 57,415 shares during the quarter. Anchor Capital Advisors LLC owned about 0.13% of Omnicom Group worth $22,299,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Security National Bank of Sioux City Iowa IA raised its stake in shares of Omnicom Group by 0.3% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 35 shares in the last quarter. Financial Counselors Inc. raised its stake in shares of Omnicom Group by 1.5% during the second quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 54 shares in the last quarter. WMS Partners LLC raised its stake in shares of Omnicom Group by 1.2% during the second quarter. WMS Partners LLC now owns 4,650 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 55 shares in the last quarter. Tdam USA Inc. raised its stake in shares of Omnicom Group by 0.5% during the second quarter. Tdam USA Inc. now owns 16,379 shares of the business services provider’s stock valued at $1,365,000 after purchasing an additional 74 shares in the last quarter. Finally, Security National Bank of SO Dak raised its stake in shares of Omnicom Group by 1.0% during the second quarter. Security National Bank of SO Dak now owns 9,959 shares of the business services provider’s stock valued at $825,000 after purchasing an additional 100 shares in the last quarter. 98.60% of the stock is owned by institutional investors.
Omnicom Group Inc. (OMC) traded up $0.37 during trading on Tuesday, hitting $67.92. The stock had a trading volume of 2,348,800 shares, compared to its average volume of 1,870,398. The firm has a market cap of $15,572.48, a PE ratio of 13.59, a P/E/G ratio of 1.82 and a beta of 1.22. Omnicom Group Inc. has a 12 month low of $65.32 and a 12 month high of $89.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. Omnicom Group’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS. research analysts anticipate that Omnicom Group Inc. will post 5.11 earnings per share for the current year.
Several brokerages have commented on OMC. Credit Suisse Group dropped their price target on shares of Omnicom Group from $79.00 to $78.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 11th. Royal Bank Of Canada set a $96.00 price objective on Omnicom Group and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Argus upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research cut Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Wells Fargo & Company reaffirmed a “hold” rating and set a $84.00 target price on shares of Omnicom Group in a research note on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $84.00.
In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the sale, the director now owns 7,777 shares in the company, valued at approximately $577,986.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company’s stock.
Omnicom Group Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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