Radnor Capital Management LLC Acquires New Shares in Omnicom Group Inc. (NYSE:OMC)

Radnor Capital Management LLC bought a new position in Omnicom Group Inc. (NYSE:OMC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,450 shares of the business services provider’s stock, valued at approximately $563,000.

A number of other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Omnicom Group by 124.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,655 shares of the business services provider’s stock worth $8,127,000 after buying an additional 49,768 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Omnicom Group by 98.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,618 shares of the business services provider’s stock valued at $1,898,000 after buying an additional 9,757 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Omnicom Group by 2.5% during the 1st quarter. Nordea Investment Management AB now owns 17,041 shares of the business services provider’s stock worth $1,657,000 after acquiring an additional 420 shares during the last quarter. Quent Capital LLC lifted its stake in Omnicom Group by 89.1% during the first quarter. Quent Capital LLC now owns 692 shares of the business services provider’s stock worth $67,000 after purchasing an additional 326 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Omnicom Group by 12.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 19,728 shares of the business services provider’s stock worth $1,909,000 after purchasing an additional 2,113 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Performance

Omnicom Group stock opened at $105.06 on Thursday. Omnicom Group Inc. has a twelve month low of $74.41 and a twelve month high of $107.00. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $20.50 billion, a P/E ratio of 14.35, a PEG ratio of 2.27 and a beta of 0.95. The stock’s 50 day moving average is $101.63 and its 200 day moving average is $96.14.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter in the previous year, the business posted $1.86 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post 7.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on OMC. Wells Fargo & Company downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Macquarie raised their price objective on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays upped their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, UBS Group lifted their price objective on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.11.

Insider Activity at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the sale, the vice president now owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the sale, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.