3,436 Shares in Omnicom Group Inc. (NYSE:OMC) Acquired by Versor Investments LP

Versor Investments LP bought a new stake in Omnicom Group Inc. (NYSE:OMC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,436 shares of the business services provider’s stock, valued at approximately $355,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new position in shares of Omnicom Group in the third quarter valued at approximately $33,000. Davis Capital Management bought a new stake in Omnicom Group during the 3rd quarter worth approximately $36,000. Innealta Capital LLC acquired a new position in Omnicom Group in the 2nd quarter valued at approximately $33,000. HM Payson & Co. raised its stake in shares of Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Omnicom Group during the second quarter valued at $33,000. Institutional investors own 91.97% of the company’s stock.

Insider Buying and Selling

In related 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 value of $297,510.00. Following the sale, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. This represents a 16.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on OMC. Bank of America increased their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. upped their price target on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Macquarie raised their price objective on Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company cut Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $106.00 to $110.00 in a report on Wednesday, October 16th. Finally, Barclays increased their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. 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 stock. According to MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus price target of $110.11.

Omnicom Group Price Performance

Omnicom Group stock opened at $96.86 on Friday. The stock has a market capitalization of $18.90 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 2.32 and a beta of 0.95. Omnicom Group Inc. has a 52-week low of $76.90 and a 52-week high of $107.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The stock’s 50 day moving average price is $102.20 and its two-hundred day moving average price is $96.51.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The business 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 earnings per share. On average, equities analysts predict that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

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.