Forsta AP Fonden cut its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 28.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,129 shares of the business services provider’s stock after selling 17,694 shares during the quarter. Forsta AP Fonden’s holdings in Omnicom Group were worth $3,269,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jensen Investment Management Inc. lifted its holdings in Omnicom Group by 11.3% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,498,755 shares of the business services provider’s stock worth $290,047,000 after buying an additional 354,285 shares in the last quarter. Chatham Capital Group Inc. lifted its holdings in Omnicom Group by 2.7% during the 2nd quarter. Chatham Capital Group Inc. now owns 111,375 shares of the business services provider’s stock worth $9,233,000 after buying an additional 2,965 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Omnicom Group by 16.2% during the 2nd quarter. Victory Capital Management Inc. now owns 27,389 shares of the business services provider’s stock worth $2,271,000 after buying an additional 3,822 shares in the last quarter. Homrich & Berg lifted its holdings in Omnicom Group by 10.3% during the 2nd quarter. Homrich & Berg now owns 8,160 shares of the business services provider’s stock worth $676,000 after buying an additional 762 shares in the last quarter. Finally, Comgest Global Investors S.A.S. lifted its holdings in Omnicom Group by 2.2% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 136,500 shares of the business services provider’s stock worth $11,316,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of Omnicom Group stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the completion of the transaction, the director now owns 7,777 shares in the company, valued at $577,986.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

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Shares of Omnicom Group Inc. (NYSE OMC) opened at $66.21 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62. Omnicom Group Inc. has a fifty-two week low of $65.55 and a fifty-two week high of $89.66. The firm has a market cap of $15,263.57, a PE ratio of 13.32, a PEG ratio of 1.79 and a beta of 1.22.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the business earned $1.06 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. sell-side analysts expect that Omnicom Group Inc. will post 5.11 EPS for the current year.

A number of research firms have issued reports on OMC. Royal Bank Of Canada set a $96.00 target price on shares of Omnicom Group and gave the stock a “buy” rating in a report on Saturday, July 22nd. Wells Fargo & Company restated a “hold” rating and issued a $84.00 price objective on shares of Omnicom Group in a report on Tuesday, July 18th. Zacks Investment Research lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Jefferies Group LLC restated a “hold” rating and issued a $82.00 price objective on shares of Omnicom Group in a report on Friday, July 14th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $79.00 target price (down from $81.00) on shares of Omnicom Group in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $84.00.

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.

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

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