UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 13,541 Shares of Omnicom Group Inc. (NYSE:OMC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Omnicom Group Inc. (NYSE:OMC) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,227,661 shares of the business services provider’s stock after selling 13,541 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.63% of Omnicom Group worth $126,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of Omnicom Group by 37.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock valued at $296,717,000 after purchasing an additional 892,494 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Omnicom Group during the second quarter valued at approximately $56,177,000. Dimensional Fund Advisors LP lifted its holdings in shares of Omnicom Group by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider’s stock worth $205,682,000 after acquiring an additional 364,665 shares during the last quarter. Conning Inc. purchased a new stake in shares of Omnicom Group in the 2nd quarter valued at $32,484,000. Finally, Millennium Management LLC grew its holdings in shares of Omnicom Group by 73.0% during the 2nd quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock valued at $68,919,000 after purchasing an additional 324,196 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Insider Transactions at Omnicom Group

In other Omnicom Group 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 directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Omnicom Group Stock Up 0.5 %

Shares of Omnicom Group stock opened at $104.82 on Monday. Omnicom Group Inc. has a 1 year low of $79.68 and a 1 year high of $107.00. The firm has a market cap of $20.45 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 2.35 and a beta of 0.95. The company has a 50-day moving average of $102.47 and a 200 day moving average of $97.07. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (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 firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the business earned $1.86 earnings per share. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OMC shares. Bank of America upped their price target 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. Wells Fargo & Company lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. Barclays boosted their price objective on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Macquarie increased their price target on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. One 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 MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $110.11.

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.