Omnicom Group Inc. (NYSE:OMC) Shares Bought by Exane Derivatives

Exane Derivatives increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 697.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,202 shares of the business services provider’s stock after buying an additional 8,923 shares during the period. Exane Derivatives’ holdings in Omnicom Group were worth $743,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Eagle Ridge Investment Management bought a new stake in shares of Omnicom Group during the 3rd quarter worth about $201,000. Dynamic Technology Lab Private Ltd bought a new stake in Omnicom Group in the 3rd quarter valued at about $205,000. Cable Hill Partners LLC boosted its holdings in Omnicom Group by 3,527.5% in the 3rd quarter. Cable Hill Partners LLC now owns 2,902 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 2,822 shares during the period. Oak Point Wealth Management bought a new stake in Omnicom Group in the 4th quarter valued at about $219,000. Finally, MML Investors Services LLC boosted its holdings in Omnicom Group by 16.2% in the 2nd quarter. MML Investors Services LLC now owns 3,013 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 421 shares during the period. 98.62% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on the stock. TheStreet raised shares of Omnicom Group from a “c+” rating to a “b-” rating in a report on Tuesday. ValuEngine downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley boosted their price objective on shares of Omnicom Group from $72.00 to $76.00 and gave the company an “underweight” rating in a report on Wednesday, January 31st. Barclays reissued a “hold” rating and issued a $81.00 price objective on shares of Omnicom Group in a report on Thursday, January 25th. Finally, Bank of America downgraded shares of Omnicom Group from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Omnicom Group has an average rating of “Hold” and a consensus target price of $83.64.

Omnicom Group Inc. (OMC) opened at $82.78 on Thursday. The company has a market cap of $18,341.18, a P/E ratio of 16.49, a PEG ratio of 2.59 and a beta of 1.20. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62. Omnicom Group Inc. has a 12-month low of $65.32 and a 12-month high of $86.71.

In other news, insider Peter K. Sherman sold 8,310 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the transaction, the insider now directly owns 21,271 shares in the company, valued at approximately $1,580,648.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

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Omnicom Group Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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