5,450 Shares in Omnicom Group Inc. (NYSE:OMC) Bought by Radnor Capital Management LLC

Radnor Capital Management LLC purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 5,450 shares of the business services provider's stock, valued at approximately $563,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Omnicom Group by 124.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,655 shares of the business services provider's stock worth $8,127,000 after buying an additional 49,768 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Omnicom Group by 98.9% in the first quarter. Janney Montgomery Scott LLC now owns 19,618 shares of the business services provider's stock valued at $1,898,000 after purchasing an additional 9,757 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Omnicom Group by 2.5% in the first quarter. Nordea Investment Management AB now owns 17,041 shares of the business services provider's stock valued at $1,657,000 after purchasing an additional 420 shares during the last quarter. Quent Capital LLC increased its stake in shares of Omnicom Group by 89.1% during the 1st quarter. Quent Capital LLC now owns 692 shares of the business services provider's stock worth $67,000 after purchasing an additional 326 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Omnicom Group by 12.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 19,728 shares of the business services provider's stock worth $1,909,000 after purchasing an additional 2,113 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Down 0.5 %

Shares of OMC traded down $0.53 during mid-day trading on Thursday, reaching $104.53. The company had a trading volume of 378,030 shares, compared to its average volume of 1,516,759. The stock has a market cap of $20.40 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 2.29 and a beta of 0.95. The firm has a fifty day simple moving average of $101.63 and a 200-day simple moving average of $96.14. Omnicom Group Inc. has a fifty-two week low of $74.41 and a fifty-two week 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.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.01. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates 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 last year, the business earned $1.86 EPS. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OMC. Wells Fargo & Company cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $106.00 to $110.00 in a research note on Wednesday, October 16th. UBS Group raised their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Macquarie raised their price objective on shares of 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 price objective 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $110.11.

Insider Buying and Selling at Omnicom Group

In related 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 transaction, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction 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 transaction, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. 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 company insiders.

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.