TFB Advisors LLC Has $254,000 Holdings in Omnicom Group Inc. (NYSE:OMC)

TFB Advisors LLC lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,457 shares of the business services provider’s stock after selling 102 shares during the quarter. TFB Advisors LLC’s holdings in Omnicom Group were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OMC. Janney Montgomery Scott LLC raised its position in shares of Omnicom Group by 98.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,618 shares of the business services provider’s stock valued at $1,898,000 after acquiring an additional 9,757 shares during the last quarter. Nordea Investment Management AB lifted its stake in Omnicom Group by 2.5% in the first quarter. Nordea Investment Management AB now owns 17,041 shares of the business services provider’s stock valued at $1,657,000 after buying an additional 420 shares during the period. Quent Capital LLC boosted its holdings in Omnicom Group by 89.1% during the first quarter. Quent Capital LLC now owns 692 shares of the business services provider’s stock worth $67,000 after buying an additional 326 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Omnicom Group by 30.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,543 shares of the business services provider’s stock worth $149,000 after buying an additional 359 shares during the period. Finally, Empirical Finance LLC increased its stake in shares of Omnicom Group by 3.3% in the 1st quarter. Empirical Finance LLC now owns 7,461 shares of the business services provider’s stock valued at $722,000 after acquiring an additional 239 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

NYSE OMC opened at $104.46 on Friday. Omnicom Group Inc. has a 12-month low of $74.41 and a 12-month high of $107.00. The firm’s 50 day moving average is $101.83 and its 200-day moving average is $96.28. The company has a market capitalization of $20.38 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 2.29 and a beta of 0.95. 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 results 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 for the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same period in the previous year, the firm posted $1.86 EPS. Equities research analysts anticipate that Omnicom Group Inc. will post 7.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on OMC shares. Bank of America lifted their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. Barclays upped their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. UBS Group lifted their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $106.00 to $110.00 in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their price target on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.11.

Insider Activity at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,524,738.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the transaction, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction on Friday, October 18th. The shares were 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 owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.