Omnicom Group Inc. (NYSE:OMC) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 38.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,031 shares of the business services provider's stock after acquiring an additional 12,939 shares during the period. QRG Capital Management Inc.'s holdings in Omnicom Group were worth $4,863,000 at the end of the most recent quarter.

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

Omnicom Group Stock Up 1.8 %

Shares of NYSE:OMC traded up $1.88 during trading on Wednesday, hitting $105.06. 1,643,772 shares of the company were exchanged, compared to its average volume of 1,522,035. The stock has a market capitalization of $20.50 billion, a P/E ratio of 14.10, a PEG ratio of 2.27 and a beta of 0.95. 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 Inc. has a 12-month low of $74.41 and a 12-month high of $107.00. The firm's 50 day moving average price is $101.50 and its 200-day moving average price is $96.08.

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, 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 firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. On average, research analysts predict that Omnicom Group Inc. will post 7.92 earnings per share for the current fiscal year.

Insider Activity at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the sale, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the company's 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 completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $421,160.00. Following the transaction, the chief accounting officer now 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 position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on OMC shares. Barclays lifted their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lifted their price objective 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. UBS Group boosted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Macquarie boosted their price target on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $106.00 to $110.00 in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $110.11.

Omnicom Group Company 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.