Omnicom Group Inc. (NYSE:OMC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,687,553 shares of the business services provider's stock after selling 61,620 shares during the quarter. Principal Financial Group Inc. owned 0.86% of Omnicom Group worth $174,476,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Omnicom Group in the 2nd quarter worth $33,000. Innealta Capital LLC acquired a new stake in Omnicom Group in the 2nd quarter valued at about $33,000. Northwest Investment Counselors LLC purchased a new position in shares of Omnicom Group during the 3rd quarter worth approximately $33,000. Davis Capital Management purchased a new stake in shares of Omnicom Group during the third quarter worth about $36,000. Finally, HM Payson & Co. increased its stake in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock valued at $38,000 after acquiring an additional 169 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction 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 of the company's stock, valued at $1,524,738.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Andrew Castellaneta sold 4,000 shares of the business's 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 owns 23,545 shares in the company, valued at $2,479,053.05. The trade was 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 currently owned by corporate insiders.

Omnicom Group Price Performance

NYSE OMC traded down $0.41 during trading hours on Friday, reaching $104.35. The company's stock had a trading volume of 727,928 shares, compared to its average volume of 1,517,090. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $20.36 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 2.29 and a beta of 0.95. The firm's 50-day moving average price is $101.63 and its 200-day moving average price is $96.14. Omnicom Group Inc. has a 1 year low of $74.41 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly 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 firm had revenue of $3.88 billion during the quarter, compared to analysts' expectations of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same period in the previous year, the company earned $1.86 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OMC. Macquarie increased their target price on Omnicom Group from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Wells Fargo & Company cut shares of 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. Barclays increased their target price on Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Bank of America raised their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the company an "underperform" rating in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. boosted their price target on Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.