Omnicom Group Inc. $OMC Shares Sold by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton lessened its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 20.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,209 shares of the business services provider’s stock after selling 577 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Omnicom Group were worth $159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of OMC. J2 Capital Management Inc purchased a new stake in shares of Omnicom Group during the second quarter worth about $383,000. Golden State Wealth Management LLC increased its position in shares of Omnicom Group by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after acquiring an additional 343 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Omnicom Group by 42.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after acquiring an additional 887,415 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Omnicom Group by 13.9% during the first quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider’s stock worth $618,000 after acquiring an additional 913 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Omnicom Group during the first quarter worth about $1,357,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a research report on Monday, June 23rd. Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $105.00 to $80.00 in a report on Wednesday, June 25th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $96.29.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $79.23 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. The stock has a 50 day simple moving average of $77.22 and a 200-day simple moving average of $74.97. The company has a market cap of $15.35 billion, a PE ratio of 11.37, a P/E/G ratio of 1.53 and a beta of 0.96. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.03. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 earnings per share. On average, equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

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.