Tokio Marine Asset Management Co. Ltd. Buys 325 Shares of Omnicom Group Inc. (NYSE:OMC)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,944 shares of the business services provider’s stock after purchasing an additional 325 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Omnicom Group were worth $511,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Boston Trust Walden Corp raised its stake in shares of Omnicom Group by 8.2% in the second quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock valued at $16,723,000 after buying an additional 14,153 shares during the period. Central Pacific Bank Trust Division lifted its position in shares of Omnicom Group by 16.3% during the third quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock worth $295,000 after acquiring an additional 401 shares in the last quarter. SG Americas Securities LLC grew its stake in Omnicom Group by 37.0% during the second quarter. SG Americas Securities LLC now owns 64,481 shares of the business services provider’s stock valued at $5,784,000 after acquiring an additional 17,414 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Omnicom Group by 2.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 238,274 shares of the business services provider’s stock worth $23,079,000 after acquiring an additional 5,615 shares during the period. Finally, Cetera Investment Advisers lifted its stake in Omnicom Group by 197.4% in the 1st quarter. Cetera Investment Advisers now owns 127,515 shares of the business services provider’s stock worth $12,338,000 after purchasing an additional 84,632 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Insider Activity

In other news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the transaction, the chief accounting officer now owns 23,545 shares of the company’s stock, valued at $2,479,053.05. The trade was a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the transaction, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The trade was a 16.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OMC shares. Macquarie boosted their target price on Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price 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 lifted 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 Omnicom Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $106.00 to $110.00 in a research report on Wednesday, October 16th. Finally, Barclays boosted their target price on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. One investment 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.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average price target of $110.11.

Omnicom Group Price Performance

OMC opened at $96.86 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The company has a market cap of $18.90 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 2.32 and a beta of 0.95. The stock has a fifty day simple moving average of $102.16 and a two-hundred day simple moving average of $96.52. Omnicom Group Inc. has a 12-month low of $76.90 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same period last year, the company posted $1.86 EPS. Research analysts predict that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Omnicom Group 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.