First Quadrant L P CA Takes Position in Omnicom Group Inc. (OMC)

First Quadrant L P CA bought a new position in Omnicom Group Inc. (NYSE:OMC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 100,132 shares of the business services provider’s stock, valued at approximately $7,417,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OMC. Teachers Advisors LLC increased its position in shares of Omnicom Group by 3.7% in the 1st quarter. Teachers Advisors LLC now owns 403,378 shares of the business services provider’s stock worth $34,775,000 after purchasing an additional 14,442 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of Omnicom Group by 4.7% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,640 shares of the business services provider’s stock worth $745,000 after purchasing an additional 390 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Omnicom Group by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 768,485 shares of the business services provider’s stock worth $66,249,000 after purchasing an additional 9,503 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of Omnicom Group by 1.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 70,548 shares of the business services provider’s stock worth $6,082,000 after purchasing an additional 1,244 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its position in shares of Omnicom Group by 194.7% in the 1st quarter. Tudor Investment Corp ET AL now owns 15,324 shares of the business services provider’s stock worth $1,321,000 after purchasing an additional 10,124 shares during the last quarter. 98.97% of the stock is owned by institutional investors.

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In related news, Director Linda Johnson Rice sold 489 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the completion of the sale, the director now owns 7,777 shares in the company, valued at approximately $577,986.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Omnicom Group Inc. (NYSE:OMC) opened at 67.19 on Wednesday. Omnicom Group Inc. has a 52-week low of $67.17 and a 52-week high of $89.66. The firm has a 50-day moving average of $73.51 and a 200 day moving average of $78.78. The company has a market cap of $15.50 billion, a PE ratio of 13.37 and a beta of 1.28.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.06 EPS. Equities research analysts expect that Omnicom Group Inc. will post $5.11 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada set a $96.00 target price on shares of Omnicom Group and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Argus raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $82.00 target price on shares of Omnicom Group in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Omnicom Group has an average rating of “Hold” and a consensus target price of $84.00.

Omnicom Group Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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