American Century Companies Inc. Acquires 113,281 Shares of Omnicom Group Inc. $OMC

American Century Companies Inc. boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 8.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,433,137 shares of the business services provider’s stock after buying an additional 113,281 shares during the period. American Century Companies Inc. owned approximately 0.74% of Omnicom Group worth $103,100,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its position in shares of Omnicom Group by 3.5% during the second quarter. Asset Management One Co. Ltd. now owns 84,329 shares of the business services provider’s stock valued at $6,067,000 after buying an additional 2,855 shares during the last quarter. Defender Capital LLC. acquired a new stake in Omnicom Group during the second quarter worth about $360,000. Vanguard Group Inc. raised its holdings in Omnicom Group by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock valued at $1,712,993,000 after acquiring an additional 344,652 shares in the last quarter. J2 Capital Management Inc bought a new stake in shares of Omnicom Group in the 2nd quarter worth approximately $383,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Omnicom Group by 42.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after acquiring an additional 887,415 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Down 2.7%

Shares of NYSE:OMC opened at $72.81 on Wednesday. The company’s fifty day moving average is $76.14 and its 200-day moving average is $74.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $105.99. The company has a market capitalization of $14.05 billion, a PE ratio of 10.75, a P/E/G ratio of 1.43 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.07. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the firm earned $2.03 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Omnicom Group Company Profile

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.