Investors Sell Shares of Omnicom Group (OMC) on Strength (OMC)

Investors sold shares of Omnicom Group Inc. (NYSE:OMC) on strength during trading on Thursday. $90.78 million flowed into the stock on the tick-up and $105.64 million flowed out of the stock on the tick-down, for a money net flow of $14.86 million out of the stock. Of all equities tracked, Omnicom Group had the 0th highest net out-flow for the day. Omnicom Group traded up $0.53 for the day and closed at $75.91

OMC has been the topic of a number of recent analyst reports. Credit Suisse Group boosted their target price on shares of Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, October 18th. TheStreet downgraded shares of Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Telsey Advisory Group upgraded shares of Omnicom Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $86.00 to $89.00 in a report on Wednesday, October 18th. Morgan Stanley boosted their target price on shares of Omnicom Group from $72.00 to $76.00 and gave the stock an “underweight” rating in a report on Wednesday, January 31st. Finally, Wells Fargo & Co restated a “market perform” rating and set a $75.00 target price (down from $81.00) on shares of Omnicom Group in a report on Thursday, January 18th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus target price of $83.64.

The firm has a market cap of $17,499.74, a price-to-earnings ratio of 15.33, a P/E/G ratio of 2.47 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62.

In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the transaction, the insider now directly owns 21,271 shares in the company, valued at $1,580,648.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC acquired a new position in shares of Omnicom Group in the fourth quarter valued at $104,000. MUFG Americas Holdings Corp increased its holdings in shares of Omnicom Group by 123.8% in the fourth quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 847 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Omnicom Group in the fourth quarter valued at $199,000. Eagle Ridge Investment Management acquired a new position in shares of Omnicom Group in the third quarter valued at $201,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Omnicom Group in the third quarter valued at $205,000. Hedge funds and other institutional investors own 98.62% of the company’s stock.

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About Omnicom Group

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.

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