Trading Report: The Omnicom Group Inc. (OMC) Receives Consensus Rating of “Hold” from Brokerages

The Omnicom Group Inc. (OMC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Omnicom Group Inc. (NYSE:OMC) have been given an average rating of “Hold” by the fifteen analysts that are presently covering the stock. Twelve investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $83.86.

Several brokerages recently issued reports on OMC. BMO Capital Markets reiterated a “hold” rating and issued a $80.00 price target on shares of Omnicom Group in a report on Sunday, July 17th. Pivotal Research increased their price target on Omnicom Group from $79.00 to $86.00 and gave the company a “hold” rating in a report on Monday. Zacks Investment Research downgraded Omnicom Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. RBC Capital Markets began coverage on Omnicom Group in a report on Thursday, October 6th. They issued a “sector perform” rating and a $87.00 price target for the company. Finally, Albert Fried & Company reiterated a “hold” rating and issued a $85.00 price target on shares of Omnicom Group in a report on Thursday, July 14th.

In other Omnicom Group news, Director Linda Johnson Rice sold 824 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $84.55, for a total value of $69,669.20. Following the transaction, the director now owns 30,440 shares of the company’s stock, valued at $2,573,702. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of OMC. Virginia Retirement System acquired a new position in shares of Omnicom Group during the first quarter worth about $327,000. Columbia Partners L L C Investment Management boosted its position in shares of Omnicom Group by 1.3% in the first quarter. Columbia Partners L L C Investment Management now owns 12,857 shares of the company’s stock worth $1,070,000 after buying an additional 160 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Omnicom Group by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 829,251 shares of the company’s stock worth $69,018,000 after buying an additional 43,962 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in shares of Omnicom Group during the first quarter worth about $166,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of Omnicom Group during the first quarter worth about $4,862,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Omnicom Group (NYSE:OMC) opened at 82.83 on Thursday. The firm has a market cap of $19.59 billion, a PE ratio of 18.12 and a beta of 1.35. The stock’s 50 day moving average price is $84.36 and its 200-day moving average price is $83.41. Omnicom Group has a 52-week low of $66.48 and a 52-week high of $87.50.

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