Investors Buy High Volume of Call Options on Omnicom Group (OMC)
Omnicom Group Inc. (NYSE:OMC) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 17,747 call options on the company. This represents an increase of approximately Infinity compared to the typical volume of 0 call options.
Shares of Omnicom Group (NYSE:OMC) opened at $69.44 on Friday. Omnicom Group has a one year low of $65.32 and a one year high of $89.66. The stock has a market cap of $16,008.21, a PE ratio of 13.97, a P/E/G ratio of 1.87 and a beta of 1.22. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the company earned $1.06 EPS. Omnicom Group’s revenue was down 1.9% compared to the same quarter last year. equities analysts expect that Omnicom Group will post 5.11 earnings per share for the current year.
In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total value of $36,342.48. Following the completion of the transaction, the director now owns 7,777 shares in the company, valued at $577,986.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in OMC. Janus Henderson Group PLC grew its stake in Omnicom Group by 15,279.3% during the 2nd quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock valued at $414,191,000 after acquiring an additional 4,963,787 shares in the last quarter. Nordea Investment Management AB grew its stake in Omnicom Group by 501.5% during the 2nd quarter. Nordea Investment Management AB now owns 2,201,826 shares of the business services provider’s stock valued at $182,531,000 after acquiring an additional 1,835,749 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Omnicom Group by 12.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock valued at $1,118,541,000 after acquiring an additional 1,671,452 shares in the last quarter. Longview Partners Guernsey LTD grew its stake in Omnicom Group by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock valued at $418,769,000 after acquiring an additional 1,653,208 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Omnicom Group by 90.0% in the 2nd quarter. Alliancebernstein L.P. now owns 2,652,302 shares of the business services provider’s stock valued at $219,876,000 after purchasing an additional 1,256,005 shares during the last quarter. 98.60% of the stock is owned by institutional investors.
OMC has been the subject of a number of analyst reports. Credit Suisse Group decreased their price objective on shares of Omnicom Group from $79.00 to $78.00 and set a “neutral” rating for the company in a research report on Wednesday, October 11th. Royal Bank Of Canada set a $96.00 price objective on shares of Omnicom Group and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Argus raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research cut shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, BMO Capital Markets reissued a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $84.00.
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About Omnicom Group
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.
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