BKM Wealth Management LLC Takes $1.32 Million Position in Omnicom Group Inc. (NYSE:OMC)

BKM Wealth Management LLC acquired a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 12,782 shares of the business services provider's stock, valued at approximately $1,322,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. increased its stake in Omnicom Group by 319.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,450,160 shares of the business services provider's stock worth $140,317,000 after purchasing an additional 1,104,566 shares during the period. Bank of New York Mellon Corp raised its holdings 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 valued at $296,717,000 after buying an additional 892,494 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Omnicom Group in the 2nd quarter worth $56,177,000. Boston Partners increased its position in shares of Omnicom Group by 11.0% in the first quarter. Boston Partners now owns 3,874,857 shares of the business services provider's stock valued at $374,795,000 after acquiring an additional 383,560 shares during the period. Finally, Scout Investments Inc. bought a new position in shares of Omnicom Group during the first quarter valued at about $36,715,000. Institutional investors own 91.97% of the company's stock.

Insider Buying and Selling at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the sale, the chief accounting officer now directly owns 23,545 shares of the company's stock, valued at approximately $2,479,053.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 23,545 shares of the company's stock, valued at approximately $2,479,053.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the 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 sale, 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 position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Omnicom Group Stock Up 0.1 %

Shares of Omnicom Group stock traded up $0.06 during trading on Friday, hitting $100.52. The company's stock had a trading volume of 1,081,677 shares, compared to its average volume of 1,529,610. Omnicom Group Inc. has a 52 week low of $73.58 and a 52 week high of $106.51. The company has a market capitalization of $19.69 billion, a PE ratio of 13.58, a P/E/G ratio of 2.39 and a beta of 0.94. The company has a fifty day simple moving average of $100.91 and a two-hundred day simple moving average of $95.53. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share 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 earned $1.86 earnings per share. 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 recently issued reports on OMC shares. Macquarie raised their target price 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 boosted their target price 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 Omnicom Group from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $106.00 to $110.00 in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Finally, Barclays raised 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, October 17th. One investment 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.