Omnicom Group Inc. (OMC) Holdings Reduced by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 10.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,760 shares of the business services provider’s stock after selling 3,608 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Omnicom Group were worth $2,204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Security National Bank of Sioux City Iowa IA raised its position in Omnicom Group by 0.3% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 35 shares during the last quarter. Financial Counselors Inc. raised its position in Omnicom Group by 1.5% during the 2nd quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 54 shares during the last quarter. WMS Partners LLC raised its position in Omnicom Group by 1.2% during the 2nd quarter. WMS Partners LLC now owns 4,650 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 55 shares during the last quarter. Tdam USA Inc. raised its position in Omnicom Group by 0.5% during the 2nd quarter. Tdam USA Inc. now owns 16,379 shares of the business services provider’s stock valued at $1,365,000 after purchasing an additional 74 shares during the last quarter. Finally, Security National Bank of SO Dak raised its position in Omnicom Group by 1.0% during the 2nd quarter. Security National Bank of SO Dak now owns 9,959 shares of the business services provider’s stock valued at $825,000 after purchasing an additional 100 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Shares of Omnicom Group Inc. (NYSE OMC) opened at $67.45 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79. The firm has a market capitalization of $15,482.58, a P/E ratio of 13.51, a P/E/G ratio of 1.81 and a beta of 1.22. Omnicom Group Inc. has a 52 week low of $65.32 and a 52 week high of $89.66.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.06 EPS. analysts forecast that Omnicom Group Inc. will post 5.11 earnings per share for the current fiscal year.

In related news, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the sale, the director now owns 7,777 shares in the company, valued at approximately $577,986.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

OMC has been the subject of a number of recent analyst reports. Credit Suisse Group upped their price target on Omnicom Group from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, October 18th. Telsey Advisory Group raised Omnicom Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $86.00 to $89.00 in a research report on Wednesday, October 18th. BidaskClub lowered Omnicom Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada set a $96.00 target price on Omnicom Group and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Finally, Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $84.00.

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Omnicom Group Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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