OmniStar Financial Group Inc. Grows Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

OmniStar Financial Group Inc. lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 101.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,460 shares of the business services provider's stock after acquiring an additional 7,796 shares during the period. Omnicom Group accounts for approximately 1.2% of OmniStar Financial Group Inc.'s investment portfolio, making the stock its 20th biggest holding. OmniStar Financial Group Inc.'s holdings in Omnicom Group were worth $1,599,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in OMC. Boston Partners grew 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 last quarter. Bank of New York Mellon Corp grew its stake in Omnicom Group by 37.0% during the 2nd 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 during the last quarter. Lazard Asset Management LLC increased its position in 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 buying an additional 165,136 shares during the period. Cooke & Bieler LP lifted its stake in Omnicom Group by 4.8% in the second quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider's stock valued at $215,249,000 after buying an additional 109,406 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Omnicom Group by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider's stock valued at $205,682,000 after acquiring an additional 364,665 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OMC. Bank of America lifted their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the company an "underperform" rating in a report on Thursday, September 5th. Macquarie lifted their price objective on shares of Omnicom Group from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday. Wells Fargo & Company cut 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. Finally, Barclays lifted their target price on Omnicom Group from $110.00 to $121.00 and gave the company an "overweight" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $110.30.

Insider Activity at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction dated 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 in the company, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Stock Performance

Shares of OMC stock traded down $0.74 during trading hours on Friday, reaching $104.48. 1,517,629 shares of the company's stock were exchanged, compared to its average volume of 1,532,531. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group Inc. has a 1 year low of $73.28 and a 1 year high of $106.51. The company has a market cap of $20.46 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. The company's 50 day moving average is $100.30 and its two-hundred day moving average is $95.27.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.01. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the firm posted $1.86 EPS. Equities research analysts anticipate that Omnicom Group Inc. will post 7.88 EPS for the current fiscal 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.