Transamerica Financial Advisors Inc. Acquires 9,255 Shares of Omnicom Group Inc. (NYSE:OMC)

Transamerica Financial Advisors Inc. grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 569.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,881 shares of the business services provider’s stock after acquiring an additional 9,255 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Omnicom Group were worth $1,125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Boston Trust Walden Corp grew its stake in shares of Omnicom Group by 8.2% during the 2nd quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock valued at $16,723,000 after acquiring an additional 14,153 shares during the period. Central Pacific Bank Trust Division boosted its position in shares of Omnicom Group by 16.3% in the third quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock worth $295,000 after purchasing an additional 401 shares during the period. SG Americas Securities LLC increased its stake in shares of Omnicom Group by 37.0% in the second quarter. SG Americas Securities LLC now owns 64,481 shares of the business services provider’s stock worth $5,784,000 after purchasing an additional 17,414 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Omnicom Group by 197.4% during the 1st quarter. Cetera Investment Advisers now owns 127,515 shares of the business services provider’s stock valued at $12,338,000 after purchasing an additional 84,632 shares during the period. Finally, Swedbank AB bought a new stake in shares of Omnicom Group during the 1st quarter valued at $6,223,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.0 %

NYSE OMC opened at $104.63 on Wednesday. The stock has a 50 day moving average price of $102.38 and a 200-day moving average price of $96.91. Omnicom Group Inc. has a one year low of $78.90 and a one year high of $107.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The company has a market capitalization of $20.42 billion, a P/E ratio of 14.29, a P/E/G ratio of 2.35 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the business earned $1.86 earnings per share. As a group, equities analysts predict that Omnicom Group Inc. will post 7.94 EPS for the current fiscal year.

Insider Activity at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the sale, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. This represents a 14.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Bank of America increased their price target on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. Wells Fargo & Company cut Omnicom Group from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. Barclays boosted their price target on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Macquarie increased their price objective on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.11.

Omnicom Group Company 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.