Sumitomo Mitsui Trust Holdings Inc. Has $48.36 Million Stake in Omnicom Group Inc. (OMC)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 652,914 shares of the business services provider’s stock after selling 25,567 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.28% of Omnicom Group worth $48,361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in OMC. Jensen Investment Management Inc. grew its position in Omnicom Group by 11.3% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,498,755 shares of the business services provider’s stock worth $290,047,000 after acquiring an additional 354,285 shares during the last quarter. Chatham Capital Group Inc. grew its position in Omnicom Group by 2.7% during the 2nd quarter. Chatham Capital Group Inc. now owns 111,375 shares of the business services provider’s stock worth $9,233,000 after acquiring an additional 2,965 shares during the last quarter. Victory Capital Management Inc. grew its position in Omnicom Group by 16.2% during the 2nd quarter. Victory Capital Management Inc. now owns 27,389 shares of the business services provider’s stock worth $2,271,000 after acquiring an additional 3,822 shares during the last quarter. Homrich & Berg grew its position in Omnicom Group by 10.3% during the 2nd quarter. Homrich & Berg now owns 8,160 shares of the business services provider’s stock worth $676,000 after acquiring an additional 762 shares during the last quarter. Finally, Comgest Global Investors S.A.S. grew its position in Omnicom Group by 2.2% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 136,500 shares of the business services provider’s stock worth $11,316,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 99.96% of the company’s stock.

Shares of Omnicom Group Inc. (NYSE:OMC) opened at $69.44 on Monday. The company has a market capitalization of $16,008.19, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.87 and a beta of 1.22. Omnicom Group Inc. has a 12 month low of $65.32 and a 12 month high of $89.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The business 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 revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 EPS. analysts expect that Omnicom Group Inc. will post 5.11 earnings per share for the current fiscal year.

OMC has been the topic of a number of research analyst reports. Morgan Stanley lowered Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 price target on the stock. in a research report on Monday, October 16th. Credit Suisse Group decreased their price target on Omnicom Group from $79.00 to $78.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 11th. Argus upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered Omnicom Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a research report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $84.00.

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

About Omnicom Group

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.

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

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