Vest Financial LLC Purchases 24,013 Shares of Omnicom Group Inc. (NYSE:OMC)

Vest Financial LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,787 shares of the business services provider's stock after acquiring an additional 24,013 shares during the period. Vest Financial LLC owned about 0.14% of Omnicom Group worth $28,824,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OMC. Boston Partners raised its stake 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 during the period. Bank of New York Mellon Corp grew its position in shares of 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 valued at $296,717,000 after acquiring an additional 892,494 shares during the period. Lazard Asset Management LLC increased its stake in shares of Omnicom Group by 6.3% during the 1st quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider's stock worth $269,734,000 after purchasing an additional 165,136 shares during the last quarter. Cooke & Bieler LP raised its holdings in shares of Omnicom Group by 4.8% in the 2nd quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider's stock worth $215,249,000 after purchasing an additional 109,406 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 364,665 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group 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 sale, the vice president now directly owns 15,375 shares in the company, valued at $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

Omnicom Group Price Performance

Shares of OMC traded down $0.74 during mid-day trading on Friday, reaching $104.48. 1,531,358 shares of the stock traded hands, compared to its average volume of 1,532,531. The company has a market cap of $20.46 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. Omnicom Group Inc. has a 1 year low of $73.28 and a 1 year high of $106.51. The firm has a fifty day moving average price of $100.30 and a 200 day moving average price of $95.27. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on OMC shares. JPMorgan Chase & Co. boosted their target price on Omnicom Group from $118.00 to $119.00 and gave the company an "overweight" rating in a research note on Wednesday. Macquarie boosted their price objective on Omnicom Group from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday. Barclays increased their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a research report on Thursday. UBS Group boosted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, 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 report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group presently has an average rating of "Moderate Buy" and a consensus target price of $110.11.

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.