Keystone Financial Services Purchases 263 Shares of Omnicom Group Inc. (NYSE:OMC)

Keystone Financial Services grew its position in Omnicom Group Inc. (NYSE:OMC) by 7.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,046 shares of the business services provider’s stock after buying an additional 263 shares during the period. Keystone Financial Services’ holdings in Omnicom Group were worth $418,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMC. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Omnicom Group in the second quarter valued at approximately $33,000. Innealta Capital LLC purchased a new stake in shares of Omnicom Group during the 2nd quarter valued at $33,000. Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group in the 3rd quarter worth $33,000. Davis Capital Management purchased a new position in Omnicom Group during the 3rd quarter worth $36,000. Finally, HM Payson & Co. grew its stake in Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $104.40 on Tuesday. Omnicom Group Inc. has a 12 month low of $74.83 and a 12 month high of $107.00. The stock has a market cap of $20.37 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 50 day simple moving average of $101.83 and a two-hundred day simple moving average of $96.29. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The firm had revenue of $3.88 billion for 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 in the previous year, the business posted $1.86 earnings per share. As a group, analysts predict that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented 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 research note on Wednesday, October 16th. Barclays increased 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 boosted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Macquarie raised their price target on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $110.11.

Insider Transactions at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the sale, the vice president now owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the sale, the vice president now owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Andrew Castellaneta sold 4,000 shares of the firm’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 sale, the chief accounting officer now owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. The trade was a 0.00 % decrease in their ownership of the stock. 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.