Aberdeen Group plc Raises Position in Omnicom Group Inc. $OMC

Key Points

• Aberdeen Group plc increased its stake in Omnicom Group Inc. by 4.6%, owning 143,355 shares valued at approximately $10.26 million.
• Omnicom Group reported a quarterly earnings per share (EPS) of $2.05, exceeding analysts' estimates and showing a 4.2% year-over-year revenue growth to $4.02 billion.
• Analysts have a consensus rating of "Moderate Buy" for Omnicom Group, with an average price target of $96.29.

Aberdeen Group plc increased its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 143,355 shares of the business services provider's stock after buying an additional 6,303 shares during the period. Aberdeen Group plc owned 0.07% of Omnicom Group worth $10,256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. J2 Capital Management Inc bought a new position in Omnicom Group in the 2nd quarter worth approximately $383,000. Golden State Wealth Management LLC boosted its holdings in Omnicom Group by 230.2% in the 1st 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 during the period. Goldman Sachs Group Inc. boosted its holdings in 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 buying an additional 887,415 shares during the period. Fifth Third Bancorp boosted its holdings in Omnicom Group by 13.9% in the 1st quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider's stock worth $618,000 after buying an additional 913 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in Omnicom Group in the 1st quarter worth approximately $1,357,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Up 0.9%

Shares of NYSE:OMC opened at $79.23 on Thursday. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $107.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.80. The company has a market cap of $15.35 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.53 and a beta of 0.96. The firm has a fifty day moving average price of $77.22 and a two-hundred day moving average price of $74.97.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.03. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the previous year, the firm posted $1.95 EPS. The firm's revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on OMC. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Omnicom Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Wells Fargo & Company raised shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a report on Monday, June 23rd. Finally, Barclays downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $105.00 to $80.00 in a report on Wednesday, June 25th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $96.29.

Omnicom Group 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.

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