Hotchkis & Wiley Capital Management LLC Lowers Stock Position in Omnicom Group Inc. (NYSE:OMC)

Hotchkis & Wiley Capital Management LLC trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 948,545 shares of the business services provider’s stock after selling 24,380 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Omnicom Group were worth $98,070,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Resonant Capital Advisors LLC boosted its holdings in shares of Omnicom Group by 1.7% in the third quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider’s stock valued at $613,000 after acquiring an additional 97 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Omnicom Group by 17.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 97 shares during the period. Integrated Advisors Network LLC lifted its stake in shares of Omnicom Group by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock worth $279,000 after buying an additional 100 shares during the last quarter. Iowa State Bank boosted its holdings in Omnicom Group by 0.4% during the 3rd quarter. Iowa State Bank now owns 24,447 shares of the business services provider’s stock worth $2,528,000 after acquiring an additional 101 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Omnicom Group by 2.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock worth $514,000 after acquiring an additional 102 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction dated 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. The trade was a 14.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group Price Performance

NYSE OMC opened at $105.00 on Tuesday. The business’s fifty day moving average price is $102.53 and its 200-day moving average price is $97.13. 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 Inc. has a 1-year low of $80.92 and a 1-year high of $107.00. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 2.35 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The business 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 period in the prior year, the company earned $1.86 earnings per share. On average, equities analysts predict that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company cut Omnicom Group from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $106.00 to $110.00 in a report on Wednesday, October 16th. UBS Group lifted their price target 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. Bank of America increased their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the stock 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 increased their price objective on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus target price of $110.11.

Omnicom Group Company 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.