Bronfman E.L. Rothschild L.P. lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 18.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,680 shares of the business services provider’s stock after selling 1,790 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Omnicom Group were worth $522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Riverhead Capital Management LLC boosted its position in shares of Omnicom Group by 73.0% during the 3rd quarter. Riverhead Capital Management LLC now owns 93,229 shares of the business services provider’s stock valued at $6,342,000 after acquiring an additional 39,350 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Omnicom Group by 219.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 807,640 shares of the business services provider’s stock valued at $54,936,000 after acquiring an additional 554,724 shares during the last quarter. Kiltearn Partners LLP boosted its position in shares of Omnicom Group by 7.5% during the 3rd quarter. Kiltearn Partners LLP now owns 1,953,965 shares of the business services provider’s stock valued at $132,909,000 after acquiring an additional 136,666 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Omnicom Group during the 3rd quarter valued at about $541,000. Finally, Franklin Resources Inc. boosted its position in shares of Omnicom Group by 4.5% during the 3rd quarter. Franklin Resources Inc. now owns 219,519 shares of the business services provider’s stock valued at $14,933,000 after acquiring an additional 9,438 shares during the last quarter.

NYSE:OMC opened at $75.48 on Friday. The company has a market capitalization of $16.95 billion, a P/E ratio of 14.80, a PEG ratio of 2.07 and a beta of 0.76. Omnicom Group Inc. has a 1-year low of $65.85 and a 1-year high of $83.34. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 1.48.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 16th. The business services provider reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.03. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.68 billion. Omnicom Group had a return on equity of 41.70% and a net margin of 7.68%. Omnicom Group’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS. On average, equities analysts forecast that Omnicom Group Inc. will post 5.63 EPS for the current fiscal year.

In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $75.85, for a total value of $37,925.00. Following the completion of the sale, the treasurer now owns 45,610 shares in the company, valued at $3,459,518.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda Johnson Rice sold 533 shares of the business’s stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $76.28, for a total value of $40,657.24. Following the completion of the sale, the director now owns 8,027 shares of the company’s stock, valued at approximately $612,299.56. The disclosure for this sale can be found here. Insiders sold a total of 14,233 shares of company stock valued at $1,098,528 in the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

OMC has been the subject of a number of research analyst reports. Barclays set a $76.00 price target on Omnicom Group and gave the company a “sell” rating in a research report on Wednesday, October 17th. ValuEngine upgraded Omnicom Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. Citigroup boosted their target price on Omnicom Group from $80.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Pivotal Research boosted their target price on Omnicom Group from $65.00 to $66.00 and gave the stock a “hold” rating in a research report on Tuesday, October 16th. Finally, Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Omnicom Group presently has a consensus rating of “Hold” and a consensus price target of $75.40.

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About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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