Pzena Investment Management LLC Increased Its Stake in Omnicom Group (OMC)

June 27, 2018 - By Heather Owens

Omnicom Group Inc. (NYSE:OMC) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.85. That’s change of 0.11, from 2017Q4’s 0.96. 60 investors sold all, 229 reduced holdings as OMC ratio is negative. 180 grew holdings while 66 funds amassed holdings. Funds hold 228.18 million shares thus 1.27% less from 2017Q4’s 231.12 million shares. Nordea Inv Mgmt Ab reported 0.37% stake. Cardinal Mgmt holds 101,540 shs or 0.69% of its capital. Lombard Odier Asset Mgmt (Switzerland) Sa reported 24,485 shs. Loews Corporation holds 0% or 4,970 shs. Loring Wolcott & Coolidge Fiduciary Advsr Ltd Liability Partnership Ma reported 1,414 shs. Janney Montgomery Scott reported 21,110 shs. Cibc Asset Mngmt reported 21,349 shs stake. Manufacturers Life Insurance The holds 253,783 shs or 0.02% of its capital. Advsr Asset Mngmt Incorporated holds 0.09% or 67,780 shs. Kistler owns 603 shs. Assetmark Incorporated holds 0.26% or 343,556 shs. Ftb Advisors accumulated 34,825 shs. 3,784 were accumulated by Provise Gp Llc. Strs Ohio reported 7,783 shs. New Vernon Cap Ii Ltd, New Jersey-based fund reported 3,171 shs.

OMC had 3 insider sales and 0 insider purchases since February 21, 2018. This’s net activity of $230,764. Hewitt Dennis E. also sold $154,758 worth of Omnicom Group Inc. (NYSE:OMC) shs.

Based on the latest 2018Q1 regulatory filing with the SEC, Richard S. Pzena increased its stake in Omnicom Group (OMC) by 3.54%. 270,698 shares were bought by Pzena Investment Management Llc as the company’s stock declined 7.86% with the market. The advertising company at the end of 2018Q1 was priced at $575.86 million. It’s up from 7.65 million at the end of the previous reported quarter. Now it had 7.92 million shares held by the hedge fund run by Richard S. Pzena. $17.07B is Omnicom Group’s MC. OMC hit $75.08 during the last trading session after $0.16 change.Omnicom Group Inc. has volume of 1.40M shares. Since June 27, 2017 OMC has declined 13.92% and is downtrending. OMC underperformed by 26.49% the S&P 500.

About $24.64 billion and $19.67B US Long portfolio Pzena Investment Management Llc manages. According to a filing the fund reduced its stake in Regions Finl Corp (NYSE:RF) by 2.05M shares to 9.76M shares, valued at $181.31M in 2018Q1. For a total of 373,505 shares it reduced its holding in Stanley Black & Decker Inc (NYSE:SWK) by 211,429 shares in the quarter, and has cut its stake in Chart Industries Inc.

There’s an important Omnicom Group Inc. (NYSE:OMC) news released by Seekingalpha.com. It’s a report titled: “Turning Challenge Into Opportunity” on June 25, 2018.

Omnicom Group Inc. (NYSE:OMC) Ratings Coverage

A total of 9 analysts rate Omnicom Group Inc. (NYSE:OMC) as follows: 1 “Buy”, 6 “Hold” and 2 “Sell”. Тherefore 11% are bullish. The firm has $90.0 highest and $73 lowest target. The avg target $78.20 is 4.16% above the last ($75.08) price. (NYSE:OMC) has 12 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Friday, February 16 the firm has “Buy” rating by BMO Capital Markets given. On Wednesday, January 31 the stock of Omnicom Group Inc. (NYSE:OMC) earned “Underweight” rating by Morgan Stanley. On Friday, March 2 the stock of Omnicom Group Inc. (NYSE:OMC) has “Neutral” rating given by Atlantic Securities. On Thursday, January 18 the firm has “Hold” rating by Wells Fargo given. On Thursday, February 15 Jefferies maintained Omnicom Group Inc. (NYSE:OMC) with “Hold” rating. On Wednesday, May 23 the stock of Omnicom Group Inc. (NYSE:OMC) has “Underweight” rating given by Morgan Stanley. On Friday, February 16 the company was downgraded by RBC Capital Markets. The company rating was upgraded by Macquarie Research on Friday, February 16. On Monday, January 22 BMO Capital Markets maintained Omnicom Group Inc. (NYSE:OMC) with “Hold” rating. The stock rating was downgraded by Macquarie Research to “Underperform” on Tuesday, January 2.

Omnicom Group Inc. (NYSE:OMC) Institutional Investors Chart

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