Vest Financial LLC Grows Position in Omnicom Group Inc. (NYSE:OMC)

Vest Financial LLC boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 9.4% in the third quarter, Holdings Channel.com reports. The firm owned 278,787 shares of the business services provider’s stock after acquiring an additional 24,013 shares during the quarter. Vest Financial LLC’s holdings in Omnicom Group were worth $28,824,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Davis Capital Management purchased a new stake in Omnicom Group during the third quarter worth approximately $36,000. Innealta Capital LLC purchased a new stake in Omnicom Group during the second quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Omnicom Group during the second quarter worth approximately $33,000. Northwest Investment Counselors LLC purchased a new stake in Omnicom Group during the first quarter worth approximately $50,000. Finally, Richardson Financial Services Inc. grew its stake in Omnicom Group by 66.3% during the second quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider’s stock worth $50,000 after buying an additional 224 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

OMC traded down $0.74 on Friday, reaching $104.48. The company had a trading volume of 1,531,358 shares, compared to its average volume of 1,532,531. The company has a market capitalization of $20.46 billion, a P/E ratio of 14.12, a PEG ratio of 2.39 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. Omnicom Group Inc. has a one year low of $73.28 and a one year high of $106.51. The company has a fifty day moving average of $100.30 and a 200-day moving average of $95.27.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.01. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the previous year, the company earned $1.86 EPS. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 7.88 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $106.00 to $110.00 in a research note on Wednesday. Macquarie upped their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday. Bank of America upped their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. Barclays upped their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.11.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction dated 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 sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

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.