Institutional Move From SEC: As Omnicom Group INC (OMC) Valuation Rose, Crawford Investment Counsel INC Has Upped Stake by $6.58 Million

Institutional Move From SEC: As Omnicom Group INC (OMC) Valuation Rose, Crawford Investment Counsel INC Has Upped Stake by $6.58 Million

Crawford Investment Counsel Inc increased its stake in Omnicom Group Inc (OMC) by 9.09% based on its latest 2016Q3 regulatory filing with the SEC. Crawford Investment Counsel Inc bought 78,366 shares as the company’s stock rose 4.05% with the market. The institutional investor held 940,485 shares of the advertising company at the end of 2016Q3, valued at $79.94M, up from 862,119 at the end of the previous reported quarter. Crawford Investment Counsel Inc who had been investing in Omnicom Group Inc for a number of months, seems to be bullish on the $20.16B market cap company. The stock is up 0.42% or $0.36 after the positive news, hitting $85.6 per share. About 172,995 shares traded hands. Omnicom Group Inc. (NYSE:OMC) has risen 2.37% since June 7, 2016 and is uptrending. It has underperformed by 5.06% the S&P500.

Crawford Investment Counsel Inc is a Georgia-based institutional investor with more than $4.53 billion AUM in November, 2014. Taken from Crawford Investment Counsel latest Adv, the fund reported to have 35 full and part-time employees. Among which 18 performing investment advisory and research functions. The institutional investor had more than 600 clients.

Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q3. Its up 0.11, from 0.92 in 2016Q2. The ratio is positive, as 45 funds sold all OMC shares owned while 223 reduced positions. 60 funds bought stakes while 216 increased positions. They now own 222.95 million shares or 0.92% less from 225.02 million shares in 2016Q2. Cypress Cap Grp holds 12,231 shares or 0.25% of its portfolio. Bessemer Gp reported 331,697 shares or 0.14% of all its holdings. Blair William Il reported 275,335 shares or 0.21% of all its holdings. Calamos Wealth Lc holds 0.36% of its portfolio in Omnicom Group Inc. (NYSE:OMC) for 24,815 shares. Mitsubishi Ufj Trust And reported 487,658 shares or 0.09% of all its holdings. M&T Commercial Bank Corp owns 291,539 shares or 0.16% of their US portfolio. House Limited, a California-based fund reported 70,363 shares. Howe Rusling Incorporated has invested 0% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Axa has 0.24% invested in the company for 653,150 shares. Nuveen Asset Mngmt Ltd Liability Corp reported 306,704 shares or 0.15% of all its holdings. Smithfield Trust reported 500 shares or 0.01% of all its holdings. The Missouri-based has invested 0.01% in Omnicom Group Inc. (NYSE:OMC). First Midwest National Bank Trust Division holds 35,447 shares or 0.37% of its portfolio. Putnam Ltd Liability Corp last reported 13,106 shares in the company. California Public Employees Retirement System last reported 0.1% of its portfolio in the stock.

Insider Transactions: Since August 16, 2016, the stock had 0 insider buys, and 5 sales for $2.26 million net activity. Shares for $2.01M were sold by RICE LINDA JOHNSON on Friday, December 9. COLEMAN LEONARD S JR had sold 986 shares worth $86,507. Hewitt Dennis E. also sold $79,570 worth of Omnicom Group Inc. (NYSE:OMC) shares.

More recent Omnicom Group Inc. (NYSE:OMC) news were published by: Prnewswire.com which released: “Omnicom Press Statement” on December 16, 2016. Also Nasdaq.com published the news titled: “Omnicom Group Inc. (OMC) Ex-Dividend Date Scheduled for December 15, 2016” on December 14, 2016. Prnewswire.com‘s news article titled: “Omnicom Agencies Prevail at Campaign’s Annual Agency of the Year Awards” with publication date: December 16, 2016 was also an interesting one.

According to Zacks Investment Research, “Omnicom Group Inc. provides corporate communications services to clients worldwide on a global, pan-regional, national and local basis. The corporate communications services offered by the company include advertising in various media such as television, radio, newspaper, magazines, outdoor and the internet, as well as public relations, specialty advertising, direct response and promotional marketing, strategic media planning and buying, and internet and digital media development.”

Omnicom Group Inc. (NYSE:OMC) Ratings Coverage

Out of 8 analysts covering Omnicom (NYSE:OMC), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Omnicom has been the topic of 11 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, April 20. The firm has “Buy” rating by Zacks given on Tuesday, August 25. The stock of Omnicom Group Inc. (NYSE:OMC) earned “Sector Perform” rating by RBC Capital Markets on Friday, October 7. The firm has “Neutral” rating by Credit Suisse given on Thursday, September 15. The stock has “Hold” rating given by Pivotal Research on Friday, October 16. The firm has “Hold” rating by Pivotal Research given on Monday, October 17. The stock of Omnicom Group Inc. (NYSE:OMC) has “Overweight” rating given on Monday, March 21 by JP Morgan. On Thursday, April 14 the stock rating was downgraded by Wells Fargo to “Market Perform”. Telsey Advisory Group maintained Omnicom Group Inc. (NYSE:OMC) on Wednesday, July 20 with “Market Perform” rating. Argus Research upgraded Omnicom Group Inc. (NYSE:OMC) on Thursday, July 23 to “Buy” rating.

OMC Company Profile

Omnicom Group Inc., incorporated on November 17, 1944, is a holding company. The Firm 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. The Firm caters to various industry sectors, such as food and beverage, consumer products, pharmaceuticals and healthcare, financial services, technology, travel and entertainment, telecommunications and retail.

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