Nisa Investment Advisors LLC Decreases Position in Omnicom Group Inc. (NYSE:OMC)

Nisa Investment Advisors LLC lowered its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 8.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,620 shares of the business services provider's stock after selling 6,300 shares during the period. Nisa Investment Advisors LLC's holdings in Omnicom Group were worth $6,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of OMC. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Omnicom Group during the 2nd quarter worth about $33,000. Innealta Capital LLC acquired a new stake in shares of Omnicom Group during the 2nd quarter worth about $33,000. Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group during the 3rd quarter worth about $33,000. Davis Capital Management acquired a new stake in shares of Omnicom Group during the 3rd quarter worth about $36,000. Finally, Richardson Financial Services Inc. raised its position in shares of Omnicom Group by 66.3% during the 2nd quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider's stock worth $50,000 after acquiring an additional 224 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Insider Activity at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the company's 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the business'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 sale, the vice president now owns 15,375 shares of the company's stock, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Andrew Castellaneta sold 4,000 shares of the business's 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 sale, the chief accounting officer now directly owns 23,545 shares of the company's stock, valued at approximately $2,479,053.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Omnicom Group Price Performance

Shares of NYSE OMC traded down $1.34 during trading on Thursday, reaching $101.00. The company had a trading volume of 1,000,829 shares, compared to its average volume of 1,526,117. Omnicom Group Inc. has a twelve month low of $73.68 and a twelve month high of $106.51. The stock has a market capitalization of $19.71 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. The stock has a 50-day moving average price of $101.23 and a two-hundred day moving average price of $95.76. 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 released its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.01. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The company 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 firm posted $1.86 earnings per share. As a group, sell-side analysts predict that Omnicom Group Inc. will post 7.88 earnings per share for the current year.

Analysts Set New Price Targets

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

About Omnicom Group

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.