Intech Investment Management LLC Has $308,000 Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Intech Investment Management LLC cut its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 64.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,980 shares of the business services provider's stock after selling 5,415 shares during the quarter. Intech Investment Management LLC's holdings in Omnicom Group were worth $308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OMC. Park Avenue Securities LLC raised its position in shares of Omnicom Group by 52.6% during the second quarter. Park Avenue Securities LLC now owns 10,038 shares of the business services provider's stock valued at $900,000 after buying an additional 3,460 shares during the last quarter. CWM LLC lifted its position in Omnicom Group by 2.1% in the second quarter. CWM LLC now owns 55,210 shares of the business services provider's stock worth $4,952,000 after purchasing an additional 1,113 shares during the period. Csenge Advisory Group boosted its stake in Omnicom Group by 46.8% during the second quarter. Csenge Advisory Group now owns 10,202 shares of the business services provider's stock worth $915,000 after buying an additional 3,253 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in Omnicom Group in the 2nd quarter valued at $6,132,000. Finally, SG Americas Securities LLC boosted its position in shares of Omnicom Group by 37.0% during the 2nd quarter. SG Americas Securities LLC now owns 64,481 shares of the business services provider's stock valued at $5,784,000 after acquiring an additional 17,414 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Insider Activity

In other news, CAO Andrew Castellaneta sold 4,000 shares of the company's stock in a transaction dated Friday, October 18th. The stock was 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 $2,479,053.05. This represents a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on OMC. Bank of America upped their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an "underperform" rating in a research note on Thursday, September 5th. Wells Fargo & Company lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and boosted their price target for the company from $106.00 to $110.00 in a research report on Wednesday, October 16th. Macquarie raised their price objective on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Barclays boosted their target price on Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Finally, 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 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.11.

Omnicom Group Trading Down 0.1 %

OMC traded down $0.13 during trading on Thursday, reaching $103.14. 1,101,600 shares of the company's stock were exchanged, compared to its average volume of 1,542,017. Omnicom Group Inc. has a fifty-two week low of $81.41 and a fifty-two week high of $107.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The firm has a market capitalization of $20.12 billion, a PE ratio of 14.14, a P/E/G ratio of 2.33 and a beta of 0.94. The company's fifty day moving average price is $102.62 and its 200-day moving average price is $97.23.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (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 firm had revenue of $3.88 billion for the quarter, compared to analysts' expectations of $3.79 billion. During the same quarter last year, the business earned $1.86 earnings per share. As a group, equities analysts forecast that Omnicom Group Inc. will post 7.94 EPS for the current year.

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.