Signaturefd LLC boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 8.6% during the second quarter, Holdings Channel reports. The fund owned 2,211 shares of the company’s stock after buying an additional 176 shares during the period. Signaturefd LLC’s holdings in Omnicom Group were worth $180,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in OMC. Meeder Asset Management Inc. purchased a new position in Omnicom Group during the first quarter valued at $110,000. Trust Department MB Financial Bank N A boosted its position in shares of Omnicom Group by 6.0% in the second quarter. Trust Department MB Financial Bank N A now owns 1,768 shares of the company’s stock worth $123,000 after buying an additional 100 shares in the last quarter. City Holding Co. boosted its position in shares of Omnicom Group by 90.4% in the second quarter. City Holding Co. now owns 1,942 shares of the company’s stock worth $158,000 after buying an additional 922 shares in the last quarter. Chilton Capital Management LLC bought a new position in shares of Omnicom Group during the first quarter worth approximately $218,000. Finally, Checchi Capital Advisers LLC boosted its position in shares of Omnicom Group by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 3,230 shares of the company’s stock worth $263,000 after buying an additional 31 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Omnicom Group Inc. (NYSE:OMC) traded up 1.188% on Friday, hitting $83.045. The stock had a trading volume of 1,317,397 shares. Omnicom Group Inc. has a 12 month low of $66.48 and a 12 month high of $87.50. The firm’s 50-day moving average price is $84.45 and its 200 day moving average price is $83.41. The firm has a market cap of $19.64 billion, a P/E ratio of 18.164 and a beta of 1.35.
A number of equities analysts recently commented on the company. RBC Capital Markets reaffirmed a “hold” rating and issued a $87.00 target price on shares of Omnicom Group in a report on Sunday, October 9th. Royal Bank Of Canada assumed coverage on Omnicom Group in a report on Friday, October 7th. They issued a “sector perform” rating and a $87.00 target price on the stock. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Thursday, October 6th. Credit Suisse Group AG assumed coverage on Omnicom Group in a report on Thursday, September 15th. They issued a “neutral” rating and a $83.00 target price on the stock. Finally, Telsey Advisory Group raised their target price on Omnicom Group from $79.00 to $86.00 and gave the stock a “market perform” rating in a report on Wednesday, July 20th. Twelve research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $82.64.
In related news, Director Linda Johnson Rice sold 824 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $84.55, for a total transaction of $69,669.20. Following the completion of the transaction, the director now directly owns 30,440 shares in the company, valued at $2,573,702. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.
Omnicom Group Company 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.