Radnor Capital Management LLC Takes Position in Omnicom Group Inc. (NYSE:OMC)

Radnor Capital Management LLC purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,450 shares of the business services provider’s stock, valued at approximately $563,000.

Other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Omnicom Group in the 2nd quarter valued at about $33,000. Innealta Capital LLC acquired a new stake in shares of Omnicom Group during the second quarter worth $33,000. Northwest Investment Counselors LLC bought a new position in Omnicom Group during the third quarter worth $33,000. Davis Capital Management acquired a new position in Omnicom Group in the third quarter valued at $36,000. Finally, HM Payson & Co. lifted its holdings in Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the period. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

OMC has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Bank of America raised their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. Wells Fargo & Company lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $106.00 to $110.00 in a report on Wednesday, October 16th. Macquarie raised their target price on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, UBS Group increased their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.11.

Insider Activity

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the sale, the vice president now owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction on 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 filing with the SEC, which is available through the SEC website. Also, 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 sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC stock opened at $105.06 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The firm has a 50-day moving average of $101.63 and a 200-day moving average of $96.14. Omnicom Group Inc. has a one year low of $74.41 and a one year high of $107.00. The company has a market cap of $20.50 billion, a P/E ratio of 14.35, a P/E/G ratio of 2.27 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating 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 period last year, the business posted $1.86 earnings per share. Equities research analysts forecast that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

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.