Omnicom Group Inc. (OMC) Short Interest Update

Omnicom Group Inc. (NYSE:OMC) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 26,540,025 shares, a growth of 13.2% from the January 12th total of 23,453,901 shares. Approximately 11.6% of the shares of the stock are sold short. Based on an average trading volume of 2,369,099 shares, the days-to-cover ratio is presently 11.2 days.

Shares of Omnicom Group (NYSE OMC) opened at $82.78 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90. The stock has a market capitalization of $18,161.37, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 2.56 and a beta of 1.20. Omnicom Group has a one year low of $65.32 and a one year high of $86.71.

In related news, insider Peter K. Sherman sold 8,310 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the sale, the insider now owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Scotia Capital Inc. increased its stake in Omnicom Group by 5.3% during the fourth quarter. Scotia Capital Inc. now owns 15,287 shares of the business services provider’s stock worth $1,113,000 after acquiring an additional 775 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Omnicom Group by 1.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,420 shares of the business services provider’s stock worth $3,735,000 after acquiring an additional 804 shares during the last quarter. Creative Planning increased its stake in Omnicom Group by 17.4% during the fourth quarter. Creative Planning now owns 5,513 shares of the business services provider’s stock worth $402,000 after acquiring an additional 817 shares during the last quarter. Union Bankshares Corp increased its stake in Omnicom Group by 2.9% during the fourth quarter. Union Bankshares Corp now owns 29,208 shares of the business services provider’s stock worth $2,127,000 after acquiring an additional 830 shares during the last quarter. Finally, MUFG Americas Holdings Corp increased its stake in Omnicom Group by 123.8% during the fourth quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock worth $112,000 after acquiring an additional 847 shares during the last quarter. 98.62% of the stock is owned by institutional investors.

Several equities research analysts recently commented on OMC shares. Argus raised Omnicom Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Macquarie cut Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 price target for the company. in a report on Tuesday, January 2nd. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $75.00 price target (down previously from $81.00) on shares of Omnicom Group in a report on Thursday, January 18th. Zacks Investment Research cut Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Telsey Advisory Group raised Omnicom Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from $86.00 to $89.00 in a report on Wednesday, October 18th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus target price of $83.64.

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Omnicom Group Company 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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