One Wealth Advisors LLC Takes $208,000 Position in Omnicom Group Inc. (NYSE:OMC)

One Wealth Advisors LLC purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,994 shares of the business services provider’s stock, valued at approximately $208,000.

Several other hedge funds also recently modified their holdings of OMC. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Omnicom Group during the 2nd quarter valued at $33,000. Innealta Capital LLC bought a new stake in shares of Omnicom Group during the 2nd quarter worth $33,000. Davis Capital Management bought a new stake in shares of Omnicom Group during the 3rd quarter worth $36,000. Northwest Investment Counselors LLC bought a new stake in shares of Omnicom Group during the 1st quarter worth $50,000. Finally, Richardson Financial Services Inc. boosted its stake in shares of 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 acquiring an additional 224 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction dated 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 directly owns 15,375 shares in the company, valued at $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 is available at the SEC website. Insiders own 1.30% of the company’s stock.

Omnicom Group Price Performance

OMC opened at $105.22 on Friday. The stock has a market cap of $20.61 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 2.39 and a beta of 0.94. Omnicom Group Inc. has a 1 year low of $73.28 and a 1 year high of $106.51. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average price of $100.08 and a 200 day moving average price of $95.22.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Macquarie raised their price objective on Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday. Bank of America raised their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. raised their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company cut Omnicom Group from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $106.00 to $110.00 in a research report on Wednesday. Finally, Barclays raised their target price on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.30.

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.