DekaBank Deutsche Girozentrale Decreases Holdings in Omnicom Group Inc. $OMC

DekaBank Deutsche Girozentrale cut its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 153,439 shares of the business services provider's stock after selling 3,241 shares during the period. DekaBank Deutsche Girozentrale owned about 0.08% of Omnicom Group worth $10,844,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Omnicom Group by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider's stock valued at $1,945,629,000 after buying an additional 424,936 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Omnicom Group by 20.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider's stock worth $595,147,000 after purchasing an additional 1,205,165 shares in the last quarter. Boston Partners increased its stake in shares of Omnicom Group by 18.5% in the 1st quarter. Boston Partners now owns 4,882,041 shares of the business services provider's stock worth $402,598,000 after purchasing an additional 762,871 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Omnicom Group by 44.5% in the 1st quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider's stock worth $323,040,000 after purchasing an additional 1,199,725 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Omnicom Group by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,259,431 shares of the business services provider's stock worth $270,235,000 after purchasing an additional 49,801 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Trading Down 1.0%

Shares of OMC stock opened at $80.40 on Friday. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $107.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. The firm has a market capitalization of $15.57 billion, a PE ratio of 11.88, a PEG ratio of 1.59 and a beta of 0.96. The stock has a fifty day simple moving average of $77.80 and a two-hundred day simple moving average of $75.05.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.07. Omnicom Group had a return on equity of 33.66% and a net margin of 8.31%.The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the prior year, the business posted $2.03 EPS. Omnicom Group's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OMC has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Weiss Ratings restated a "hold (c)" rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Barclays upped their price objective on Omnicom Group from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, Wells Fargo & Company upgraded Omnicom Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.

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