Palisade Asset Management LLC lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,322 shares of the business services provider’s stock after acquiring an additional 1,760 shares during the period. Palisade Asset Management LLC’s holdings in Omnicom Group were worth $9,681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake in Omnicom Group by 2.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 17,805,272 shares of the business services provider’s stock worth $1,358,007,000 after buying an additional 427,284 shares during the last quarter. BlackRock Inc. boosted its stake in Omnicom Group by 0.7% in the 2nd quarter. BlackRock Inc. now owns 14,936,191 shares of the business services provider’s stock worth $1,139,184,000 after buying an additional 109,292 shares during the last quarter. Longview Partners Guernsey LTD boosted its stake in Omnicom Group by 8.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 6,970,601 shares of the business services provider’s stock worth $474,140,000 after buying an additional 534,008 shares during the last quarter. Schroder Investment Management Group boosted its stake in Omnicom Group by 9.4% in the 2nd quarter. Schroder Investment Management Group now owns 3,559,905 shares of the business services provider’s stock worth $271,657,000 after buying an additional 307,241 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Omnicom Group by 1.7% in the 2nd quarter. Northern Trust Corp now owns 3,386,113 shares of the business services provider’s stock worth $258,259,000 after buying an additional 56,688 shares during the last quarter.

OMC has been the topic of a number of research analyst reports. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. BMO Capital Markets reissued a “buy” rating and issued a $85.00 price target on shares of Omnicom Group in a research note on Thursday, July 19th. ValuEngine raised Omnicom Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays set a $76.00 price target on Omnicom Group and gave the stock a “sell” rating in a research note on Wednesday. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $75.00 price target (down from $80.00) on shares of Omnicom Group in a research note on Tuesday, July 17th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $74.67.

Shares of Omnicom Group stock traded up $0.93 during trading hours on Friday, reaching $77.10. The stock had a trading volume of 387,601 shares, compared to its average volume of 3,237,429. The company has a market cap of $16.96 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 2.29 and a beta of 1.06. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.87 and a quick ratio of 0.78. Omnicom Group Inc. has a 1 year low of $65.32 and a 1 year high of $83.34.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 16th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.68 billion. Omnicom Group had a return on equity of 41.70% and a net margin of 7.68%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $1.13 EPS. Research analysts anticipate that Omnicom Group Inc. will post 5.63 EPS for the current year.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

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

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