Investors Buy Large Volume of Omnicom Group Call Options (OMC)

Omnicom Group Inc. (NYSE:OMC) was the target of unusually large options trading on Monday. Investors acquired 7,634 call options on the stock. This represents an increase of 598% compared to the average daily volume of 1,094 call options.

A number of equities analysts have issued reports on the company. ValuEngine cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley upped their target price on Omnicom Group from $72.00 to $76.00 and gave the stock an “underweight” rating in a report on Wednesday, January 31st. Barclays reaffirmed a “hold” rating and issued a $81.00 target price on shares of Omnicom Group in a report on Thursday, January 25th. Bank of America cut Omnicom Group from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. Finally, Zacks Investment Research raised Omnicom Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $83.64.

In related news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the sale, the insider now directly owns 21,271 shares in the company, valued at approximately $1,580,648.01. The sale was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of OMC. First Eagle Investment Management LLC increased its stake in shares of Omnicom Group by 12.4% in 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 period. Longview Partners Guernsey LTD increased its stake in shares of Omnicom Group by 41.3% in 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 period. Schroder Investment Management Group increased its stake in shares of Omnicom Group by 126.3% in 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 period. Bank of New York Mellon Corp increased its stake in shares of Omnicom Group by 28.3% in 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 period. Finally, Kiltearn Partners LLP acquired a new stake in shares of Omnicom Group in the fourth quarter valued at about $97,767,000. 98.62% of the stock is owned by institutional investors.

Shares of Omnicom Group (NYSE:OMC) traded up $3.22 during mid-day trading on Wednesday, hitting $82.78. The stock had a trading volume of 6,895,755 shares, compared to its average volume of 2,852,166. The firm has a market capitalization of $18,161.37, a PE ratio of 15.85, a price-to-earnings-growth ratio of 2.56 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62. Omnicom Group has a 12 month low of $65.32 and a 12 month high of $86.71.

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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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