Hilltop Holdings Inc. Increases Stock Position in Omnicom Group Inc. (NYSE:OMC)

Hilltop Holdings Inc. lifted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 35.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,598 shares of the business services provider's stock after purchasing an additional 5,156 shares during the period. Hilltop Holdings Inc.'s holdings in Omnicom Group were worth $2,026,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Holocene Advisors LP bought a new stake in shares of Omnicom Group during the 3rd quarter valued at $6,017,000. Benjamin Edwards Inc. lifted its position in Omnicom Group by 8,314.3% during the third quarter. Benjamin Edwards Inc. now owns 20,615 shares of the business services provider's stock worth $2,131,000 after acquiring an additional 20,370 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Omnicom Group during the third quarter worth approximately $262,000. Alethea Capital Management LLC bought a new position in Omnicom Group in the third quarter valued at approximately $426,000. Finally, Semmax Financial Advisors Inc. boosted its position in Omnicom Group by 1.2% in the third quarter. Semmax Financial Advisors Inc. now owns 36,543 shares of the business services provider's stock valued at $3,794,000 after buying an additional 439 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Trading Down 0.5 %

Shares of OMC traded down $0.53 on Wednesday, reaching $103.27. 949,031 shares of the company's stock were exchanged, compared to its average volume of 1,543,899. Omnicom Group Inc. has a 12 month low of $80.92 and a 12 month high of $107.00. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $20.15 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. The business has a 50 day moving average price of $102.62 and a two-hundred day moving average price of $97.23.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating 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 in the prior year, the firm earned $1.86 earnings per share. Research analysts anticipate that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Insider Buying and Selling at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OMC shares. Wells Fargo & Company downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. Barclays increased their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Macquarie lifted their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Bank of America lifted their target price 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.