BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $4.79 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,290 shares of the business services provider’s stock after selling 7,068 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Omnicom Group were worth $4,786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC raised its position in Omnicom Group by 89.1% in the 1st quarter. Quent Capital LLC now owns 692 shares of the business services provider’s stock valued at $67,000 after buying an additional 326 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in Omnicom Group in the first quarter valued at $461,000. SVB Wealth LLC increased its stake in Omnicom Group by 1.6% in the 1st quarter. SVB Wealth LLC now owns 12,146 shares of the business services provider’s stock valued at $1,175,000 after buying an additional 196 shares during the last quarter. Dynasty Wealth Management LLC bought a new stake in Omnicom Group during the 1st quarter worth about $961,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Omnicom Group by 2.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the business services provider’s stock valued at $594,000 after acquiring an additional 122 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the transaction, 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 14.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Omnicom Group Stock Up 0.4 %

Omnicom Group stock opened at $102.38 on Monday. Omnicom Group Inc. has a twelve month low of $78.90 and a twelve month high of $107.00. The stock has a market cap of $19.98 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.29 and a beta of 0.95. The company’s 50-day moving average price is $102.25 and its two-hundred day moving average price is $96.79. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 36.59% and a net margin of 9.45%. During the same period last year, the firm posted $1.86 EPS. As a group, analysts expect that Omnicom Group Inc. will post 7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.