Asset Management One Co. Ltd. Boosts Stake in Omnicom Group Inc. $OMC

Asset Management One Co. Ltd. raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,329 shares of the business services provider’s stock after buying an additional 2,855 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Omnicom Group were worth $6,067,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OMC. Golden State Wealth Management LLC grew its position in Omnicom Group by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after buying an additional 343 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Omnicom Group by 66.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 69,287 shares of the business services provider’s stock worth $5,745,000 after buying an additional 27,592 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Omnicom Group by 1.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,459 shares of the business services provider’s stock worth $1,882,000 after buying an additional 370 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Omnicom Group by 2.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 516,716 shares of the business services provider’s stock worth $42,841,000 after buying an additional 11,622 shares in the last quarter. Finally, Amalgamated Bank grew its position in Omnicom Group by 1.6% during the first quarter. Amalgamated Bank now owns 38,082 shares of the business services provider’s stock worth $3,157,000 after buying an additional 582 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Trading Down 2.9%

NYSE OMC opened at $76.90 on Wednesday. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $107.00. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average of $77.90 and a 200-day moving average of $75.17. The firm has a market cap of $14.84 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 1.52 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the previous year, the company posted $2.03 EPS. Omnicom Group’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on OMC shares. JPMorgan Chase & Co. reduced their target price on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Finally, Barclays lifted their price target on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus price target of $96.57.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.