Brooklyn Investment Group Makes New $55,000 Investment in Omnicom Group Inc. (NYSE:OMC)

Brooklyn Investment Group bought a new position in Omnicom Group Inc. (NYSE:OMC) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 529 shares of the business services provider’s stock, valued at approximately $55,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in Omnicom Group in the 3rd quarter worth about $33,000. Davis Capital Management bought a new stake in shares of Omnicom Group in the 3rd quarter valued at about $36,000. Innealta Capital LLC bought a new stake in shares of Omnicom Group in the 2nd quarter valued at about $33,000. HM Payson & Co. grew its position in shares of Omnicom Group by 84.5% in the 3rd 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Omnicom Group in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $104.82 on Friday. The company has a market cap of $20.45 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 2.34 and a beta of 0.95. Omnicom Group Inc. has a 52 week low of $79.68 and a 52 week high of $107.00. The business has a 50 day moving average price of $102.47 and a 200-day moving average price of $97.07. 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 (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the prior year, the business posted $1.86 earnings per share. Equities analysts anticipate that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $106.00 to $110.00 in a research report on Wednesday, October 16th. UBS Group upped their target price on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Bank of America upped their target price on 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. upped their target price on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Macquarie upped their target price on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” 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 assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.11.

Insider Activity at Omnicom Group

In related 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 transaction of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

About Omnicom Group

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.