Robeco Institutional Asset Management B.V. Has $3.80 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Robeco Institutional Asset Management B.V. lowered its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 31.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,775 shares of the business services provider's stock after selling 16,678 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Omnicom Group were worth $3,802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Resonant Capital Advisors LLC lifted its stake in shares of Omnicom Group by 1.7% in the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider's stock valued at $613,000 after purchasing an additional 97 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Omnicom Group by 17.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider's stock worth $66,000 after purchasing an additional 97 shares during the last quarter. Integrated Advisors Network LLC boosted its position in shares of Omnicom Group by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider's stock valued at $279,000 after acquiring an additional 100 shares during the last quarter. Iowa State Bank raised its position in Omnicom Group by 0.4% in the third quarter. Iowa State Bank now owns 24,447 shares of the business services provider's stock valued at $2,528,000 after purchasing an additional 101 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Omnicom Group by 2.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider's stock valued at $514,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Down 0.3 %

Shares of OMC traded down $0.30 during mid-day trading on Friday, hitting $104.46. 1,470,538 shares of the company's stock were exchanged, compared to its average volume of 1,427,926. The stock has a market cap of $20.38 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 2.36 and a beta of 0.95. 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 firm has a fifty day moving average of $101.83 and a two-hundred day moving average of $96.28. Omnicom Group Inc. has a twelve month low of $74.41 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data 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. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the company earned $1.86 EPS. On average, sell-side analysts forecast that Omnicom Group Inc. will post 7.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OMC. Bank of America increased their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an "underperform" rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. UBS Group boosted their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Wells Fargo & Company lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and increased their price objective for the stock from $106.00 to $110.00 in a research note on Wednesday, October 16th. Finally, 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 research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.11.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the business's stock in a transaction dated 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 directly owns 15,375 shares in the company, valued at $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Andrew Castellaneta sold 4,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $2,479,053.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

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.