Omnicom Group Inc. (NYSE:OMC) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 25.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,332 shares of the business services provider's stock after selling 13,428 shares during the period. Amalgamated Bank's holdings in Omnicom Group were worth $3,963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of OMC. Northwest Investment Counselors LLC bought a new stake in Omnicom Group during the third quarter worth about $33,000. Davis Capital Management purchased a new position in shares of Omnicom Group during the third quarter worth approximately $36,000. Innealta Capital LLC bought a new stake in shares of Omnicom Group in the 2nd quarter worth approximately $33,000. HM Payson & Co. boosted its stake in shares of Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock valued at $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Omnicom Group during the 2nd quarter valued at $33,000. 91.97% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,545 shares of the company's stock, valued at approximately $2,479,053.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Omnicom Group Price Performance

Shares of NYSE OMC traded down $0.30 during midday trading on Friday, reaching $104.46. The stock had a trading volume of 1,470,538 shares, compared to its average volume of 1,427,926. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. Omnicom Group Inc. has a 12-month low of $74.41 and a 12-month high of $107.00. The stock has a 50-day moving average of $101.83 and a 200-day moving average of $96.28. The company has a market capitalization of $20.38 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 2.36 and a beta of 0.95.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the business earned $1.86 earnings per share. As a group, research analysts anticipate that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OMC. Wells Fargo & Company cut Omnicom Group from an "overweight" rating to an "equal weight" rating and increased their target price for the company from $106.00 to $110.00 in a report on Wednesday, October 16th. Bank of America lifted their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the company an "underperform" rating in a research note on Thursday, September 5th. UBS Group boosted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Macquarie raised their price objective on Omnicom Group from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $110.11.

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.