Omnicom Group Inc. (OMC) Short Interest Up 13.2% in January

Omnicom Group Inc. (NYSE:OMC) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 26,540,025 shares, a growth of 13.2% from the January 12th total of 23,453,901 shares. Based on an average daily trading volume, of 2,369,099 shares, the short-interest ratio is presently 11.2 days. Approximately 11.6% of the shares of the stock are short sold.

OMC has been the topic of a number of research reports. Argus upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. TheStreet downgraded Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. BMO Capital Markets restated a “hold” rating and set a $85.00 price target on shares of Omnicom Group in a research report on Wednesday, October 18th. Zacks Investment Research downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Barclays restated a “hold” rating and set a $81.00 price target on shares of Omnicom Group in a research report on Thursday, January 25th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Omnicom Group has a consensus rating of “Hold” and a consensus price target of $83.64.

In related news, insider Peter K. Sherman sold 8,310 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the sale, the insider now owns 21,271 shares in the company, valued at $1,580,648.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

Several large investors have recently made changes to their positions in OMC. First Eagle Investment Management LLC grew its stake in shares of Omnicom Group by 12.4% during the third quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock valued at $1,118,541,000 after buying an additional 1,671,452 shares during the last quarter. Longview Partners Guernsey LTD grew its stake in shares of Omnicom Group by 41.3% during the third quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock valued at $418,769,000 after buying an additional 1,653,208 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Omnicom Group by 126.3% during the fourth quarter. Schroder Investment Management Group now owns 2,498,819 shares of the business services provider’s stock valued at $181,989,000 after buying an additional 1,394,586 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Omnicom Group by 28.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,194,041 shares of the business services provider’s stock valued at $451,110,000 after buying an additional 1,366,325 shares during the last quarter. Finally, Pzena Investment Management LLC grew its stake in shares of Omnicom Group by 20.7% during the fourth quarter. Pzena Investment Management LLC now owns 7,653,555 shares of the business services provider’s stock valued at $557,408,000 after buying an additional 1,310,260 shares during the last quarter. 98.62% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group (NYSE:OMC) opened at $78.78 on Tuesday. Omnicom Group has a 12 month low of $65.32 and a 12 month high of $86.71. The stock has a market capitalization of $17,739.49, a PE ratio of 15.69, a PEG ratio of 2.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90.

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About Omnicom Group

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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