As Omnicom Group (OMC) Share Price Declined, Palisade Asset Management Has Upped Stake by $1.24 Billion; Pbf Energy (PBF) Holder Knightsbridge Asset Management Has Cut Its Stake

April 23, 2018 - By Louis Casey

Omnicom Group Inc. (NYSE:OMC) Logo

Knightsbridge Asset Management Llc decreased its stake in Pbf Energy Inc (PBF) by 82.68% based on its latest 2017Q4 regulatory filing with the SEC. Knightsbridge Asset Management Llc sold 277,735 shares as the company’s stock declined 4.80% with the market. The institutional investor held 58,164 shares of the integrated oil company at the end of 2017Q4, valued at $2.06 million, down from 335,899 at the end of the previous reported quarter. Knightsbridge Asset Management Llc who had been investing in Pbf Energy Inc for a number of months, seems to be less bullish one the $4.37 billion market cap company. The stock decreased 0.44% or $0.17 during the last trading session, reaching $38.19. About 1.24 million shares traded. PBF Energy Inc. (NYSE:PBF) has risen 56.85% since April 23, 2017 and is uptrending. It has outperformed by 45.30% the S&P500.

Palisade Asset Management Llc increased its stake in Omnicom Group Inc (OMC) by 15.82% based on its latest 2017Q4 regulatory filing with the SEC. Palisade Asset Management Llc bought 16,992 shares as the company’s stock declined 1.21% with the market. The institutional investor held 124,409 shares of the advertising company at the end of 2017Q4, valued at $9.06 billion, up from 107,417 at the end of the previous reported quarter. Palisade Asset Management Llc who had been investing in Omnicom Group Inc for a number of months, seems to be bullish on the $16.76B market cap company. The stock decreased 1.72% or $1.29 during the last trading session, reaching $73.74. About 2.82 million shares traded or 5.30% up from the average. Omnicom Group Inc. (NYSE:OMC) has declined 13.63% since April 23, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Since December 11, 2017, it had 0 insider purchases, and 4 insider sales for $848,280 activity. Hewitt Dennis E. sold $154,758 worth of stock. 8,310 Omnicom Group Inc. (NYSE:OMC) shares with value of $617,516 were sold by Sherman Peter K..

Investors sentiment decreased to 0.96 in Q4 2017. Its down 0.04, from 1 in 2017Q3. It worsened, as 56 investors sold OMC shares while 223 reduced holdings. 88 funds opened positions while 180 raised stakes. 231.12 million shares or 0.22% more from 230.60 million shares in 2017Q3 were reported. Whittier Communication invested in 0% or 75 shares. Laurion Mgmt LP has 93,025 shares for 0.03% of their portfolio. 84,751 are owned by Cubic Asset Lc. Fukoku Mutual Life Insur Co owns 2,600 shares or 0.03% of their US portfolio. State Of Wisconsin Investment Board holds 0.04% in Omnicom Group Inc. (NYSE:OMC) or 187,657 shares. Minnesota-based Thrivent For Lutherans has invested 0% in Omnicom Group Inc. (NYSE:OMC). Tiedemann Wealth Mngmt Ltd holds 0.02% or 3,184 shares. Cap One National Association invested 0.02% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Teachers Retirement Sys Of The State Of Kentucky holds 23,850 shares. Shell Asset Mgmt holds 0.03% of its portfolio in Omnicom Group Inc. (NYSE:OMC) for 19,099 shares. Korea Invest holds 0.05% or 140,990 shares in its portfolio. Ariel Invests Limited Liability Corporation invested 0.85% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Eagle Asset Mngmt Inc stated it has 369,338 shares. Veritable Limited Partnership has invested 0.02% in Omnicom Group Inc. (NYSE:OMC). California State Teachers Retirement Sys reported 0.06% of its portfolio in Omnicom Group Inc. (NYSE:OMC).

Palisade Asset Management Llc, which manages about $645.77M and $631.82 billion US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 6,383 shares to 232,314 shares, valued at $19.87 billion in 2017Q4, according to the filing. It also reduced its holding in Raytheon Co (NYSE:RTN) by 15 shares in the quarter, leaving it with 7,969 shares, and cut its stake in Baxter International Inc (NYSE:BAX).

Among 16 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Omnicom had 49 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was downgraded by RBC Capital Markets on Friday, February 16 to “Hold”. The company was maintained on Thursday, February 15 by Jefferies. The rating was maintained by Barclays Capital with “Hold” on Friday, April 21. Telsey Advisory Group upgraded Omnicom Group Inc. (NYSE:OMC) on Wednesday, October 18 to “Outperform” rating. Jefferies maintained it with “Hold” rating and $82.0 target in Thursday, October 19 report. The company was maintained on Friday, July 14 by Credit Suisse. As per Monday, January 22, the company rating was maintained by BMO Capital Markets. Macquarie Research upgraded the shares of OMC in report on Friday, February 16 to “Neutral” rating. The rating was downgraded by Macquarie Research on Tuesday, January 2 to “Underperform”. The firm has “Neutral” rating given on Friday, March 2 by Atlantic Securities.

Among 16 analysts covering PBF Energy Inc (NYSE:PBF), 1 have Buy rating, 4 Sell and 11 Hold. Therefore 6% are positive. PBF Energy Inc had 68 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, June 1 with “Hold”. The stock of PBF Energy Inc. (NYSE:PBF) has “Sell” rating given on Friday, September 9 by Goldman Sachs. JP Morgan downgraded PBF Energy Inc. (NYSE:PBF) rating on Monday, July 11. JP Morgan has “Neutral” rating and $21 target. RBC Capital Markets initiated PBF Energy Inc. (NYSE:PBF) rating on Tuesday, April 12. RBC Capital Markets has “Sector Perform” rating and $33 target. The rating was downgraded by Credit Suisse to “Underperform” on Tuesday, June 20. The company was maintained on Tuesday, January 30 by RBC Capital Markets. The rating was initiated by JP Morgan on Friday, April 8 with “Overweight”. RBC Capital Markets maintained PBF Energy Inc. (NYSE:PBF) on Thursday, August 3 with “Hold” rating. The firm has “Hold” rating by Tudor Pickering given on Friday, September 1. On Monday, October 12 the stock rating was upgraded by Barclays Capital to “Equal-Weight”.

Investors sentiment increased to 1.49 in 2017 Q4. Its up 0.65, from 0.84 in 2017Q3. It is positive, as 28 investors sold PBF shares while 76 reduced holdings. 80 funds opened positions while 75 raised stakes. 107.76 million shares or 7.13% less from 116.04 million shares in 2017Q3 were reported. Hightower Ltd Liability Com, Illinois-based fund reported 120,664 shares. D E Shaw And Com invested 0% in PBF Energy Inc. (NYSE:PBF). Bokf Na reported 50,901 shares stake. Louisiana State Employees Retirement Systems stated it has 27,800 shares or 0.04% of all its holdings. Susquehanna Llp holds 0% or 98,800 shares in its portfolio. California Pub Employees Retirement System reported 0.01% stake. Ims Cap Mgmt reported 6,050 shares. Gam Ag has invested 0.02% in PBF Energy Inc. (NYSE:PBF). Cadence Mngmt Limited Liability Corp holds 0.03% in PBF Energy Inc. (NYSE:PBF) or 11,369 shares. Goldman Sachs Grp Inc Inc invested 0.01% in PBF Energy Inc. (NYSE:PBF). Sg Americas Ltd Limited Liability Company owns 57,240 shares. Financial Bank Of Ny Mellon reported 1.69 million shares. Cibc Mkts reported 6,000 shares or 0% of all its holdings. Macquarie Group Limited stated it has 0% in PBF Energy Inc. (NYSE:PBF). Bnp Paribas Arbitrage owns 113,461 shares for 0.01% of their portfolio.

Analysts await PBF Energy Inc. (NYSE:PBF) to report earnings on May, 3 before the open. They expect $0.20 EPS, up 200.00% or $0.40 from last year’s $-0.2 per share. PBF’s profit will be $22.89M for 47.74 P/E if the $0.20 EPS becomes a reality. After $-0.04 actual EPS reported by PBF Energy Inc. for the previous quarter, Wall Street now forecasts -600.00% EPS growth.

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

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