Ontario Teachers Pension Plan Board Has $436,000 Position in Omnicom Group Inc. (NYSE:OMC)

Ontario Teachers Pension Plan Board decreased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 31.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,215 shares of the business services provider’s stock after selling 1,937 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Omnicom Group were worth $436,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Omnicom Group in the second quarter valued at about $33,000. Innealta Capital LLC bought a new position in shares of Omnicom Group in the 2nd quarter valued at about $33,000. Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group during the 3rd quarter worth approximately $33,000. Davis Capital Management bought a new stake in shares of Omnicom Group during the third quarter worth approximately $36,000. Finally, HM Payson & Co. lifted its holdings in Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Insider Transactions at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the sale, the chief accounting officer now owns 23,545 shares of the company’s stock, 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 can be accessed through the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the transaction, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The trade was a 16.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

OMC has been the subject of several recent research reports. Bank of America upped their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. raised their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays upped their price target on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Macquarie boosted 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 upped their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $110.11.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $102.06 on Friday. The company has a fifty day moving average price of $102.20 and a 200 day moving average price of $96.70. Omnicom Group Inc. has a 1-year low of $78.75 and a 1-year high of $107.00. The firm has a market cap of $19.91 billion, a PE ratio of 13.94, a PEG ratio of 2.20 and a beta of 0.95. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC) last released its earnings results 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. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter in the previous year, the business posted $1.86 EPS. Research analysts predict that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Omnicom Group 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.