Monte Financial Group LLC Buys 930 Shares of Omnicom Group Inc. (NYSE:OMC)

Monte Financial Group LLC raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,976 shares of the business services provider’s stock after buying an additional 930 shares during the quarter. Omnicom Group comprises 2.5% of Monte Financial Group LLC’s portfolio, making the stock its 12th biggest position. Monte Financial Group LLC’s holdings in Omnicom Group were worth $6,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Omnicom Group in the second quarter valued at approximately $33,000. Innealta Capital LLC acquired a new position in shares of Omnicom Group in the 2nd quarter valued at $33,000. Northwest Investment Counselors LLC bought a new stake in shares of Omnicom Group in the 3rd quarter valued at $33,000. Davis Capital Management acquired a new stake in Omnicom Group during the 3rd quarter worth $36,000. Finally, Richardson Financial Services Inc. raised its stake in Omnicom Group by 66.3% during the 2nd quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider’s stock worth $50,000 after buying an additional 224 shares during the period. 91.97% of the stock is owned by institutional investors.

Insider Activity at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the transaction, the vice president now owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction on 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 transaction, the vice president now directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Andrew Castellaneta sold 4,000 shares of the business’s 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 transaction, the chief accounting officer now owns 23,545 shares in the company, 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.

Analyst Ratings Changes

A number of research firms have issued reports on OMC. Macquarie boosted their target price on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Bank of America increased their target price on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. Wells Fargo & Company lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $106.00 to $110.00 in a research note on Wednesday, October 16th. UBS Group upped their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Barclays raised their price objective 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. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.11.

Omnicom Group Stock Performance

Shares of OMC opened at $100.72 on Thursday. The stock has a market capitalization of $19.72 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 2.39 and a beta of 0.94. Omnicom Group Inc. has a 12 month low of $73.58 and a 12 month high of $106.51. The firm has a fifty day simple moving average of $100.75 and a 200 day simple moving average of $95.44. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. During the same period in the prior year, the business posted $1.86 EPS. Research analysts forecast that Omnicom Group Inc. will post 7.88 EPS for the current fiscal year.

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.