Greenleaf Trust Sells 1,156 Shares of Omnicom Group Inc. (OMC)

Greenleaf Trust decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,213 shares of the business services provider’s stock after selling 1,156 shares during the period. Greenleaf Trust’s holdings in Omnicom Group were worth $627,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in OMC. Cynosure Advisors LLC grew its position in shares of Omnicom Group by 14.6% during the second quarter. Cynosure Advisors LLC now owns 22,440 shares of the business services provider’s stock worth $1,711,000 after acquiring an additional 2,860 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Omnicom Group by 57.3% during the second quarter. Brown Advisory Inc. now owns 252,622 shares of the business services provider’s stock worth $19,268,000 after acquiring an additional 92,037 shares during the last quarter. CENTRAL TRUST Co grew its position in shares of Omnicom Group by 179.3% during the third quarter. CENTRAL TRUST Co now owns 7,221 shares of the business services provider’s stock worth $491,000 after acquiring an additional 4,636 shares during the last quarter. BlackRock Inc. grew its position in shares of Omnicom Group by 0.7% during the second quarter. BlackRock Inc. now owns 14,936,191 shares of the business services provider’s stock worth $1,139,184,000 after acquiring an additional 109,292 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Omnicom Group by 78.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,773 shares of the business services provider’s stock worth $211,000 after acquiring an additional 1,220 shares during the last quarter.

In other Omnicom Group news, CEO Jonathan B. Nelson sold 13,000 shares of the company’s stock in a transaction dated Friday, October 19th. The shares were sold at an average price of $77.38, for a total value of $1,005,940.00. Following the completion of the sale, the chief executive officer now directly owns 58,569 shares of the company’s stock, valued at approximately $4,532,069.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda Johnson Rice sold 533 shares of the company’s stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $76.28, for a total transaction of $40,657.24. Following the completion of the sale, the director now directly owns 8,027 shares of the company’s stock, valued at $612,299.56. The disclosure for this sale can be found here. Insiders sold 14,233 shares of company stock valued at $1,098,528 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

OMC stock opened at $74.70 on Friday. The stock has a market capitalization of $16.76 billion, a P/E ratio of 14.65, a P/E/G ratio of 2.05 and a beta of 1.06. Omnicom Group Inc. has a fifty-two week low of $65.32 and a fifty-two week high of $83.34. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.87 and a quick ratio of 0.77.

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

OMC has been the subject of several recent research reports. Barclays lowered shares of Omnicom Group from an “equal weight” rating to a “sell” rating and set a $75.00 price target for the company. in a research report on Friday, September 28th. ValuEngine upgraded shares of Omnicom Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Wells Fargo & Co restated a “market perform” rating and set a $75.00 price target (down previously from $80.00) on shares of Omnicom Group in a research report on Tuesday, July 17th. Finally, Pivotal Research upped their price target on shares of Omnicom Group from $65.00 to $66.00 and gave the stock a “hold” rating in a research report on Tuesday, October 16th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.40.

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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