Omnicom Group Inc. (NYSE:OMC) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc decreased its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,293 shares of the business services provider's stock after selling 8,815 shares during the quarter. Impax Asset Management Group plc's holdings in Omnicom Group were worth $7,681,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Boston Partners lifted its holdings in shares of Omnicom Group by 11.0% during the first quarter. Boston Partners now owns 3,874,857 shares of the business services provider's stock worth $374,795,000 after purchasing an additional 383,560 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Omnicom Group by 37.0% in the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider's stock valued at $296,717,000 after acquiring an additional 892,494 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Omnicom Group by 6.3% during the first quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider's stock worth $269,734,000 after acquiring an additional 165,136 shares during the period. Cooke & Bieler LP increased its stake in shares of Omnicom Group by 4.8% during the second quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider's stock worth $215,249,000 after acquiring an additional 109,406 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Omnicom Group by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider's stock worth $205,682,000 after purchasing an additional 364,665 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Price Performance

Shares of Omnicom Group stock traded down $8.18 during trading on Friday, hitting $96.86. 9,315,200 shares of the company were exchanged, compared to its average volume of 1,551,442. Omnicom Group Inc. has a fifty-two week low of $76.90 and a fifty-two week high of $107.00. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The firm has a 50 day moving average price of $102.16 and a 200 day moving average price of $96.52. The stock has a market capitalization of $18.90 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 2.32 and a beta of 0.95.

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

Analyst Ratings Changes

Several equities analysts have issued reports on OMC shares. UBS Group boosted their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Barclays raised their target price on Omnicom Group from $110.00 to $121.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. JPMorgan Chase & Co. upped their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Wells Fargo & Company cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $106.00 to $110.00 in a research note on Wednesday, October 16th. Finally, Macquarie upped their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.11.

Insider Transactions at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the transaction, the vice president now owns 15,375 shares of the company's stock, valued at approximately $1,524,738.75. This represents a 16.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group 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 transaction, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

About Omnicom Group

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.