HL Financial Services LLC Sells 7,666 Shares of Omnicom Group Inc. (OMC)
HL Financial Services LLC lowered its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,112,056 shares of the business services provider’s stock after selling 7,666 shares during the quarter. Omnicom Group makes up 1.6% of HL Financial Services LLC’s portfolio, making the stock its 19th biggest position. HL Financial Services LLC owned 0.48% of Omnicom Group worth $82,370,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of Omnicom Group by 8.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 104 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Omnicom Group in the 2nd quarter valued at about $104,000. Acrospire Investment Management LLC bought a new stake in shares of Omnicom Group in the 2nd quarter valued at about $149,000. Eagle Ridge Investment Management bought a new stake in shares of Omnicom Group in the 3rd quarter valued at about $201,000. Finally, Rehmann Capital Advisory Group bought a new stake in shares of Omnicom Group in the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 99.67% of the company’s stock.
Omnicom Group Inc. (NYSE:OMC) traded up $0.42 during trading hours on Friday, reaching $67.70. 621,141 shares of the company’s stock traded hands, compared to its average volume of 1,857,715. The stock has a market cap of $15,122.94, a P/E ratio of 13.20, a PEG ratio of 1.77 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 quick ratio of 0.79 and a current ratio of 0.90.
Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. Omnicom Group’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. research analysts anticipate that Omnicom Group Inc. will post 5.11 earnings per share for the current fiscal year.
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In other news, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $74.32, for a total value of $36,342.48. Following the sale, the director now directly owns 7,777 shares of the company’s stock, valued at approximately $577,986.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.
Several research analysts recently commented on OMC shares. BidaskClub lowered shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BMO Capital Markets reiterated a “hold” rating and set a $85.00 price objective on shares of Omnicom Group in a research note on Wednesday, October 18th. Royal Bank Of Canada reduced their price objective on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $82.00 price objective on shares of Omnicom Group in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $84.00.
About Omnicom Group
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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