58,197 Shares in Omnicom Group Inc. (NYSE:OMC) Acquired by Holocene Advisors LP

Holocene Advisors LP bought a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 58,197 shares of the business services provider's stock, valued at approximately $6,017,000.

Several other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at $33,000. Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group in the third quarter worth about $33,000. Davis Capital Management bought a new stake in shares of Omnicom Group during the 3rd quarter worth about $36,000. HM Payson & Co. increased its holdings in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock valued at $38,000 after acquiring an additional 169 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its stake in shares of Omnicom Group by 66.3% in the 2nd quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider's stock valued at $50,000 after acquiring an additional 224 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of NYSE:OMC traded down $0.13 on Thursday, hitting $103.14. The stock had a trading volume of 1,101,735 shares, compared to its average volume of 1,542,017. The firm's 50 day moving average price is $102.62 and its 200-day moving average price is $97.23. 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 twelve month low of $81.41 and a twelve month high of $107.00. The company has a market capitalization of $20.12 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.01. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same period in the previous year, the business earned $1.86 earnings per share. On average, equities research analysts predict that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of recent analyst reports. Macquarie upped their target price on Omnicom Group from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Bank of America lifted their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an "underperform" rating in a research note on Thursday, September 5th. UBS Group raised their target price on Omnicom Group from $120.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Wells Fargo & Company downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $106.00 to $110.00 in a research note on Wednesday, October 16th. Finally, Barclays upped their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of "Moderate Buy" and a consensus price target of $110.11.

Insider Buying and Selling

In related news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total value 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 $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Company 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.