Recent changes in Omnicom Group (OMC) holdings include significant investments from several institutional investors. Jacobs Levy Equity Management increased its stake by 319.6%, acquiring over 1.1 million shares valued at $140.3 million. Bank of New York Mellon also expanded its holdings by 37%, now owning 3.3 million shares worth $296.7 million. Other notable investors include Los Angeles Capital Management, Boston Partners, and Scout Investments. Overall, institutional investors now own 91.97% of OMC stock.
Analysts Set New Price Targets
Recent analyst reports have seen changes in ratings and price targets for OMC. Wells Fargo downgraded OMC from “overweight” to “equal weight” but raised the target from $106 to $110. Barclays increased its target from $110 to $121 with an “overweight” rating. Macquarie also raised its price target to $120, and JPMorgan updated its target to $119. UBS set a target of $124 with a “buy” rating. Currently, OMC holds an average rating of “Moderate Buy” with a consensus price target of $110.11.
Omnicom Group Stock Down 0.7%
As of Friday, OMC stock opened at $104.48, with a 52-week range of $73.28 to $106.51. The company reported a quarterly EPS of $2.03, slightly above analysts’ expectations, with a net margin of 9.55%. Revenue for the quarter was $3.88 billion, surpassing estimates of $3.79 billion. Analysts predict an EPS of 7.88 for this year.
Insider Transactions
VP Rochelle M. Tarlowe sold 3,000 shares at an average price of $99.17, totaling $297,510. After the sale, she retains 15,375 shares valued at about $1.52 million, indicating a minor decrease in her holdings. Company insiders own 1.30% of the stock.
Company Overview
Omnicom Group Inc. provides advertising, marketing, and corporate communications services across various sectors including public relations and healthcare.
Featured Articles
- Five stocks we like better than Omnicom Group
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- What Are Dividends? Buy the Best Dividend Stocks
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
- 5 Top Rated Dividend Stocks to Consider
- MarketBeat Week in Review – 10/14 – 10/18
For the latest updates on OMC holdings, visit HoldingsChannel.com for recent 13F filings and insider trades.
Receive Daily News & Ratings for Omnicom Group – Enter your email to get the latest news and analyst ratings with MarketBeat.com’s FREE daily email newsletter.
`
