Omnicom Group Inc. $OMC Stock Holdings Boosted by Aberdeen Group plc

Key Points

• Aberdeen Group increased its Omnicom stake by 582.9% in the third quarter, ending the period with about 1.07 million shares valued at $78.8 million. Institutional investors collectively own nearly 92% of the company’s stock.
• Omnicom beat quarterly expectations, reporting $2.73 in earnings per share and $6.42 billion in revenue; revenue rose 59.1% year over year.
• Analysts’ average rating is Hold, with an average price target of $100.67. Five analysts rate the stock Buy, six Hold, and one Sell.

Aberdeen Group plc raised its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 582.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,069,968 shares of the business services provider's stock after buying an additional 913,299 shares during the quarter. Aberdeen Group plc owned about 0.39% of Omnicom Group worth $78,782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in Omnicom Group during the 2nd quarter worth approximately $2,082,476,000. Bank of New York Mellon Corp acquired a new position in Omnicom Group during the second quarter valued at approximately $914,156,000. Nykredit A S bought a new stake in Omnicom Group in the second quarter valued at approximately $126,937,000. Pacer Advisors Inc. increased its stake in Omnicom Group by 116.2% in the first quarter. Pacer Advisors Inc. now owns 2,847,575 shares of the business services provider's stock valued at $214,451,000 after purchasing an additional 1,530,743 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in Omnicom Group in the second quarter worth $105,402,000. 91.97% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Linda Rice sold 1,385 shares of the business's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $88.73, for a total value of $122,891.05. Following the sale, the director directly owned 11,719 shares in the company, valued at $1,039,826.87. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

Omnicom Group Stock Up 1.3%

Shares of Omnicom Group stock traded up $1.12 on Friday, hitting $87.96. The company had a trading volume of 1,471,800 shares, compared to its average volume of 3,009,546. The firm has a market capitalization of $24.00 billion, a P/E ratio of 49.14, a P/E/G ratio of 0.81 and a beta of 0.72. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $89.57. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.91 and a quick ratio of 0.76. The stock has a 50-day moving average of $79.82 and a 200-day moving average of $78.63.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The business services provider reported $2.73 EPS for the quarter, topping analysts' consensus estimates of $2.67 by $0.06. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.21 billion. Omnicom Group had a net margin of 2.85% and a return on equity of 24.67%. The firm's quarterly revenue was up 59.1% on a year-over-year basis. During the same period last year, the business posted $2.24 earnings per share. Research analysts predict that Omnicom Group Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OMC. Citigroup reduced their price target on shares of Omnicom Group from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Wells Fargo & Company raised their price objective on Omnicom Group from $93.00 to $97.00 and gave the stock an "overweight" rating in a research note on Friday, October 23rd. Morgan Stanley raised their price objective on Omnicom Group from $83.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Friday, October 23rd. Zacks Research upgraded Omnicom Group from a "strong sell" rating to a "hold" rating in a report on Monday, September 28th. Finally, Argus raised Omnicom Group to a "hold" rating in a research note on Monday, September 14th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Omnicom Group presently has an average rating of "Hold" and an average target price of $100.67.

About Omnicom Group

Omnicom Group is a global marketing and communications company that provides advertising, media planning and buying, public relations, branding, and customer relationship management services. Its agencies also work in areas such as healthcare communications, digital marketing, and data-driven marketing. The company was formed in 1986 through the combination of advertising agencies BBDO, Doyle Dane Bernbach, and Needham Harper Worldwide. Omnicom operates through a network of agencies and serves clients across major markets around the world.

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