Los Angeles Capital Management LLC Cuts Holdings in Omnicom Group Inc. (NYSE:OMC)

Los Angeles Capital Management LLC decreased its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 66.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,994 shares of the business services provider's stock after selling 414,286 shares during the period. Los Angeles Capital Management LLC owned 0.11% of Omnicom Group worth $21,918,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Janney Montgomery Scott LLC grew its position in Omnicom Group by 98.9% during the first quarter. Janney Montgomery Scott LLC now owns 19,618 shares of the business services provider's stock worth $1,898,000 after buying an additional 9,757 shares in the last quarter. Quent Capital LLC lifted its position in Omnicom Group by 89.1% during the first quarter. Quent Capital LLC now owns 692 shares of the business services provider's stock valued at $67,000 after purchasing an additional 326 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Omnicom Group by 815.2% during the 1st quarter. SG Americas Securities LLC now owns 47,067 shares of the business services provider's stock worth $4,554,000 after acquiring an additional 41,924 shares during the last quarter. Forsta AP Fonden grew its position in Omnicom Group by 22.3% in the first quarter. Forsta AP Fonden now owns 55,400 shares of the business services provider's stock worth $5,361,000 after acquiring an additional 10,100 shares in the last quarter. Finally, Atomi Financial Group Inc. purchased a new stake in Omnicom Group during the first quarter valued at about $207,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OMC has been the topic of a number of research reports. Wells Fargo & Company cut Omnicom Group from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $106.00 to $110.00 in a report on Wednesday, October 16th. Macquarie lifted their price target on Omnicom Group from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. 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 report on Thursday, October 17th. UBS Group increased 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, October 16th. Finally, JPMorgan Chase & Co. upped their price target on Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $110.11.

Omnicom Group Stock Down 0.1 %

Omnicom Group stock traded down $0.06 during mid-day trading on Monday, reaching $104.40. The stock had a trading volume of 1,100,296 shares, compared to its average volume of 1,518,585. The company has a 50-day moving average price of $101.83 and a two-hundred day moving average price of $96.29. The company has a market capitalization of $20.37 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 2.35 and a beta of 0.95. Omnicom Group Inc. has a one year low of $74.83 and a one year high of $107.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

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 analysts' consensus estimates of $2.02 by $0.01. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter in the previous year, the firm posted $1.86 EPS. On average, analysts expect that Omnicom Group Inc. will post 7.94 EPS for the current fiscal year.

Insider Buying and Selling at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the business's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares in the company, 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 SEC, which can be accessed through the SEC website. In other news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction dated 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 of the company's stock, valued at $2,479,053.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred on 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 directly owns 15,375 shares of the company's stock, valued at $1,524,738.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.