National Pension Service Has $43.94 Million Position in Omnicom Group Inc. (NYSE:OMC)

National Pension Service lessened its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 425,030 shares of the business services provider's stock after selling 15,914 shares during the period. National Pension Service owned approximately 0.22% of Omnicom Group worth $43,944,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Boston Partners increased its position in shares of Omnicom Group by 11.0% during the 1st 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Omnicom Group by 37.0% during the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider's stock worth $296,717,000 after buying an additional 892,494 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Omnicom Group by 6.3% in the first quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider's stock valued at $269,734,000 after acquiring an additional 165,136 shares during the last quarter. Cooke & Bieler LP grew its position in Omnicom Group by 4.8% during the 2nd 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 last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Omnicom Group by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider's stock valued at $205,682,000 after purchasing an additional 364,665 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

Omnicom Group Trading Down 0.3 %

Shares of Omnicom Group stock traded down $0.30 during trading on Thursday, hitting $104.76. 1,227,169 shares of the company were exchanged, compared to its average volume of 1,520,744. The firm's fifty day moving average price is $101.63 and its 200 day moving average price is $96.14. Omnicom Group Inc. has a 1-year low of $74.41 and a 1-year high of $107.00. The firm has a market capitalization of $20.44 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 2.29 and a beta of 0.95. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $3.79 billion. During the same period last year, the business posted $1.86 earnings per share. As a group, sell-side analysts expect that Omnicom Group Inc. will post 7.92 earnings per share for the current fiscal year.

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.