Barclays PLC Increases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Barclays PLC grew its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 819,613 shares of the business services provider's stock after buying an additional 13,637 shares during the quarter. Barclays PLC owned 0.42% of Omnicom Group worth $84,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of OMC. Continuum Advisory LLC lifted its stake in Omnicom Group by 7.8% in the third quarter. Continuum Advisory LLC now owns 3,965 shares of the business services provider's stock valued at $416,000 after purchasing an additional 287 shares during the last quarter. LRI Investments LLC boosted its stake in Omnicom Group by 24.6% in the 3rd quarter. LRI Investments LLC now owns 2,903 shares of the business services provider's stock worth $305,000 after purchasing an additional 574 shares during the period. Drucker Wealth 3.0 LLC grew its holdings in Omnicom Group by 0.9% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 38,823 shares of the business services provider's stock valued at $4,014,000 after buying an additional 339 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Omnicom Group by 2.7% during the third quarter. Public Employees Retirement System of Ohio now owns 75,836 shares of the business services provider's stock valued at $7,841,000 after buying an additional 2,021 shares during the period. Finally, Groupama Asset Managment lifted its holdings in shares of Omnicom Group by 117.2% in the third quarter. Groupama Asset Managment now owns 10,234 shares of the business services provider's stock worth $1,058,000 after buying an additional 5,522 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of analyst reports. Macquarie reaffirmed an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. UBS Group upped their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, Bank of America lifted their price target on Omnicom Group from $87.00 to $89.00 and gave the company an "underperform" rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $108.89.

Omnicom Group Price Performance

Shares of OMC stock traded down $1.94 during trading hours on Thursday, hitting $90.16. 2,303,855 shares of the company's stock were exchanged, compared to its average volume of 1,604,546. Omnicom Group Inc. has a 12-month low of $82.97 and a 12-month high of $107.00. The company has a market capitalization of $17.59 billion, a PE ratio of 12.52, a PEG ratio of 2.32 and a beta of 0.94. The business's 50 day simple moving average is $102.03 and its 200-day simple moving average is $97.29. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC - Get Free Report) last issued 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 net margin of 9.45% and a return on equity of 36.59%. The company had revenue of $3.88 billion for the quarter, compared to analysts' expectations of $3.79 billion. During the same quarter last year, the company earned $1.86 EPS. On average, equities research analysts anticipate that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.11%. The ex-dividend date is Friday, December 20th. Omnicom Group's dividend payout ratio is presently 38.25%.

Insider Buying and Selling

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now owns 23,545 shares of the company's stock, valued at $2,479,053.05. This represents a 14.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

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.