Omnicom Group Inc (NYSE:OMC).
Thomaspartners, Inc. raised its stake in Omnicom Group Inc by 19.2% in a 13F filing with the SEC. Its investment was valued at $200,217,000 an increase of $12,166,000 as of quarter end.
Several firms have shifted positions in (OMC). Van Strum & Towne Inc. cut its holdings by shedding 25 shares a decrease of 0.0% from 06/30/2017 to 09/30/2017. Van Strum & Towne Inc. claims 50,971 shares worth $3,775,000. The value of the position overall is down by 10.7%. Raymond James & Associates added to its investment by buying 554,643 shares an increase of 2,966.0%. Raymond James & Associates now holds 573,343 shares with a value of $42,468,000. The total value of its holdings increased 707,700.0%.
As of quarter end Thomaspartners, Inc. had acquired 434,676 shares growing its holdings by 19.2%. The value of the investment in Omnicom Group Inc increased from $188,051,000 to $200,217,000 a change of 6.5% quarter to quarter. As of the end of the quarter Thomaspartners, Inc. had bought a total of 434,676 shares growing its stake by 19.2%. The value in dollars went from $188,051,000 to $200,217,000 a change of $12,166,000 quarter over quarter.
As of the end of the quarter Agf Investments Inc. had sold a total of 88,212 shares trimming its position 5.3%. The value of the investment in (OMC) went from $136,743,000 to $115,599,000 decreasing 15.5% since the last quarter.
Royal Bank Of Canada lowered the price target on October 18 cutting the projection from $96.00 to $87.00 and issued a “Outperform” rating.
Equity analyst Credit Suisse Group raised the price target of the stock on October 18 changing the price objective from $78.00 to $80.00 with a “Neutral” recommendation.
On October 18 BMO Capital Markets made no change to the company rating of “Hold” targeting a price of $85.00.
In the market the company is trading down by 0.93% since yesterday’s close of 67.66. The P/E ratio is 13.36 and market cap is 15.45B. As of the latest earnings report the EPS was $5.02 with 230.53M shares now outstanding.
Investors are more bearish on shares of the company recently if you watch the uptick in short interest. The stock saw a rise in short interest of 1.84% between September 29, 2017 and October 13, 2017. Short interest grew 455,932 over that period. Days to cover increased from 13.0 to 15.0 and the percentage of shorted shares is 0.11% as of October 13.