Omnicom Group Inc. $OMC Shares Newly Bought by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,069 shares of the business services provider’s stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMC. Pension & Wealth Management Advisors Inc. boosted its position in shares of Omnicom Group by 38.1% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 1,247 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 344 shares during the period. Howard Capital Management LLC increased its holdings in Omnicom Group by 250.8% during the 3rd quarter. Howard Capital Management LLC now owns 82,884 shares of the business services provider’s stock worth $6,103,000 after acquiring an additional 59,259 shares during the period. Granite Islands Private Wealth LLC lifted its stake in Omnicom Group by 2.6% in the 3rd quarter. Granite Islands Private Wealth LLC now owns 19,300 shares of the business services provider’s stock worth $1,420,000 after purchasing an additional 480 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Omnicom Group by 39.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 4,530 shares of the business services provider’s stock worth $334,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Omnicom Group by 77.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 229,598 shares of the business services provider’s stock valued at $16,905,000 after purchasing an additional 100,555 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Linda Rice sold 1,385 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $88.73, for a total transaction of $122,891.05. Following the transaction, the director owned 11,719 shares of the company’s stock, valued at approximately $1,039,826.87. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Omnicom Group Stock Down 0.2%

Shares of OMC opened at $80.58 on Friday. The firm has a market cap of $22.11 billion, a P/E ratio of 69.47, a P/E/G ratio of 0.68 and a beta of 0.68. The stock has a 50 day simple moving average of $80.94 and a two-hundred day simple moving average of $78.31. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $89.57.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.02). The business had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%. The company’s revenue was up 63.4% compared to the same quarter last year. During the same period last year, the business posted $2.05 earnings per share. On average, analysts forecast that Omnicom Group Inc. will post 10.50 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on OMC shares. Wells Fargo & Company boosted their target price on Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Argus raised Omnicom Group to a “hold” rating in a report on Monday, September 14th. Citigroup dropped their price target on Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Weiss Ratings upgraded Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Finally, Zacks Research raised Omnicom Group from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.75.

Omnicom Group Profile

Omnicom Group Inc is a global marketing and communications company that provides advertising, media, branding, public relations, customer relationship management and specialty marketing services. Through its network of agencies and specialized businesses, the company helps clients develop brands, engage customers and execute integrated marketing campaigns across traditional and digital channels.

Omnicom’s services include creative advertising, strategic media planning and buying, digital marketing, data and precision marketing, public relations, healthcare communications, experiential marketing, commerce and consulting.