Qsemble Capital Management LP Trims Holdings in Omnicom Group Inc. (NYSE:OMC)

Qsemble Capital Management LP decreased its holdings in Omnicom Group Inc. (NYSE:OMC) by 76.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,633 shares of the business services provider’s stock after selling 8,512 shares during the period. Qsemble Capital Management LP’s holdings in Omnicom Group were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of OMC. Boston Trust Walden Corp raised its holdings in shares of Omnicom Group by 8.2% in the second quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock valued at $16,723,000 after acquiring an additional 14,153 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Omnicom Group by 16.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock worth $295,000 after purchasing an additional 401 shares during the period. SG Americas Securities LLC boosted its stake in shares of Omnicom Group by 37.0% during the second quarter. SG Americas Securities LLC now owns 64,481 shares of the business services provider’s stock valued at $5,784,000 after purchasing an additional 17,414 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Omnicom Group by 197.4% during the first quarter. Cetera Investment Advisers now owns 127,515 shares of the business services provider’s stock valued at $12,338,000 after purchasing an additional 84,632 shares in the last quarter. Finally, Swedbank AB purchased a new position in Omnicom Group during the first quarter valued at approximately $6,223,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Insider Transactions at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group 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 directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC stock opened at $104.35 on Thursday. The firm has a market capitalization of $20.36 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 2.35 and a beta of 0.95. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The stock’s 50-day simple moving average is $102.42 and its 200-day simple moving average is $96.96. Omnicom Group Inc. has a fifty-two week low of $78.90 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $1.86 EPS. As a group, equities analysts forecast that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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