Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Hilltop Holdings Inc.

Hilltop Holdings Inc. raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 35.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,598 shares of the business services provider’s stock after purchasing an additional 5,156 shares during the period. Hilltop Holdings Inc.’s holdings in Omnicom Group were worth $2,026,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Holocene Advisors LP acquired a new stake in Omnicom Group during the 3rd quarter worth approximately $6,017,000. Benjamin Edwards Inc. boosted its stake in Omnicom Group by 8,314.3% in the third quarter. Benjamin Edwards Inc. now owns 20,615 shares of the business services provider’s stock valued at $2,131,000 after acquiring an additional 20,370 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in Omnicom Group in the third quarter valued at approximately $262,000. Alethea Capital Management LLC acquired a new stake in Omnicom Group during the 3rd quarter worth $426,000. Finally, Semmax Financial Advisors Inc. increased its position in Omnicom Group by 1.2% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 36,543 shares of the business services provider’s stock valued at $3,794,000 after acquiring an additional 439 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $103.79 on Wednesday. The stock has a market cap of $20.25 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 12 month low of $80.92 and a 12 month high of $107.00. The business has a fifty day simple moving average of $102.57 and a 200-day simple moving average of $97.19.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates 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 firm earned $1.86 earnings per share. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 7.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at $2,479,053.05. This represents a 14.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

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

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.