Earnest Partners Increased Teva Pharm (TEVA) Stake By $27.97 Million; Citigroup Has Trimmed Omnicom Group (OMC) Holding By $604,422

November 15, 2017 - By Peter Erickson

Citigroup Inc decreased Omnicom Group Inc (OMC) stake by 9% reported in 2017Q2 SEC filing. Citigroup Inc sold 7,371 shares as Omnicom Group Inc (OMC)’s stock declined 2.32%. The Citigroup Inc holds 74,529 shares with $6.18M value, down from 81,900 last quarter. Omnicom Group Inc now has $15.60 billion valuation. The stock increased 0.03% or $0.02 on November 14, reaching $67.66. About 5,670 shares traded. Omnicom Group Inc. (NYSE:OMC) has risen 1.15% since November 15, 2016 and is uptrending. It has underperformed by 15.55% the S&P500.

Earnest Partners Llc increased Teva Pharm (TEVA) stake by 39.5% reported in 2017Q2 SEC filing. Earnest Partners Llc acquired 847,451 shares as Teva Pharm (TEVA)’s stock declined 15.11%. The Earnest Partners Llc holds 2.99M shares with $99.42 million value, up from 2.15 million last quarter. Teva Pharm now has $11.87 billion valuation. The stock declined 0.94% or $0.11 reaching $11.64 on the news. About 73,660 shares traded. Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has declined 41.70% since November 15, 2016 and is downtrending. It has underperformed by 58.40% the S&P500.

Investors sentiment decreased to 0.89 in Q2 2017. Its down 0.05, from 0.94 in 2017Q1. It dived, as 53 investors sold OMC shares while 237 reduced holdings. 57 funds opened positions while 200 raised stakes. 225.35 million shares or 2.06% more from 220.79 million shares in 2017Q1 were reported. M&T Bank & Trust owns 271,641 shares for 0.13% of their portfolio. Freestone Hldg Lc invested 1.74% in Omnicom Group Inc. (NYSE:OMC). Century Cos Incorporated invested 0.06% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Moreover, World Asset Mngmt has 0.07% invested in Omnicom Group Inc. (NYSE:OMC) for 23,605 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corp invested in 132,400 shares or 0.1% of the stock. Cibc Asset Inc owns 25,821 shares or 0.01% of their US portfolio. Pinnacle Finance Prtnrs holds 617 shares or 0.01% of its portfolio. Mai Mngmt accumulated 10,748 shares or 0.06% of the stock. Lombard Odier Asset Mgmt (Europe) stated it has 3,114 shares. Zurcher Kantonalbank (Zurich Cantonalbank), Switzerland-based fund reported 49,616 shares. California-based Inv House Limited Liability has invested 0.79% in Omnicom Group Inc. (NYSE:OMC). First Bankshares invested in 28,802 shares. 35,211 are owned by Cambridge Rech. Cadence Mngmt Limited Liability Corp reported 52,635 shares. Amica Pension Fund Board Of Trustees reported 0.1% of its portfolio in Omnicom Group Inc. (NYSE:OMC).

Among 15 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 1 Sell and 10 Hold. Therefore 27% are positive. Omnicom had 38 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Monday, September 18 report. Argus Research upgraded the stock to “Buy” rating in Thursday, July 23 report. The rating was downgraded by Wells Fargo on Thursday, April 14 to “Market Perform”. Jefferies maintained Omnicom Group Inc. (NYSE:OMC) on Monday, June 5 with “Hold” rating. On Monday, September 25 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Outperform” rating by Telsey Advisory Group given on Wednesday, October 18. Credit Suisse maintained it with “Neutral” rating and $78 target in Wednesday, October 11 report. The firm earned “Neutral” rating on Wednesday, April 19 by Wedbush. Jefferies maintained the stock with “Hold” rating in Thursday, October 19 report. The company was maintained on Friday, April 21 by Barclays Capital.

Since June 1, 2017, it had 0 insider purchases, and 1 insider sale for $1.94 million activity. 22,800 Omnicom Group Inc. (NYSE:OMC) shares with value of $1.94 million were sold by CRAWFORD BRUCE.

Analysts await Omnicom Group Inc. (NYSE:OMC) to report earnings on February, 6. They expect $1.55 EPS, up 5.44% or $0.08 from last year’s $1.47 per share. OMC’s profit will be $357.38M for 10.91 P/E if the $1.55 EPS becomes a reality. After $1.13 actual EPS reported by Omnicom Group Inc. for the previous quarter, Wall Street now forecasts 37.17% EPS growth.

Citigroup Inc increased Intersect Ent Inc (NASDAQ:XENT) stake by 100,193 shares to 101,271 valued at $2.83 million in 2017Q2. It also upped United Cmnty Bks Blairsvle G (NASDAQ:UCBI) stake by 15,993 shares and now owns 83,735 shares. Newfield Expl Co (NYSE:NFX) was raised too.

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By1 Peter Erickson

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