Securian Asset Management Inc. Has $726,000 Stake in Omnicom Group Inc. $OMC

Securian Asset Management Inc. decreased its position in Omnicom Group Inc. (NYSE:OMC) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,095 shares of the business services provider’s stock after selling 224 shares during the period. Securian Asset Management Inc.’s holdings in Omnicom Group were worth $726,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Crux Wealth Advisors lifted its holdings in Omnicom Group by 88.0% in the second quarter. Crux Wealth Advisors now owns 6,200 shares of the business services provider’s stock valued at $446,000 after buying an additional 2,902 shares during the period. Mezzasalma Advisors LLC lifted its holdings in Omnicom Group by 4.4% in the second quarter. Mezzasalma Advisors LLC now owns 5,574 shares of the business services provider’s stock valued at $401,000 after buying an additional 235 shares during the period. BKM Wealth Management LLC lifted its holdings in Omnicom Group by 11.9% in the second quarter. BKM Wealth Management LLC now owns 18,443 shares of the business services provider’s stock valued at $1,327,000 after buying an additional 1,963 shares during the period. Albert D Mason Inc. lifted its holdings in Omnicom Group by 24.2% in the second quarter. Albert D Mason Inc. now owns 3,653 shares of the business services provider’s stock valued at $263,000 after buying an additional 711 shares during the period. Finally, Foster & Motley Inc. lifted its holdings in Omnicom Group by 1.0% in the second quarter. Foster & Motley Inc. now owns 110,693 shares of the business services provider’s stock valued at $7,963,000 after buying an additional 1,094 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Down 1.7%

NYSE:OMC opened at $78.97 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The firm has a 50-day moving average of $77.85 and a 200-day moving average of $75.11. The company has a market cap of $15.24 billion, a PE ratio of 11.66, a PEG ratio of 1.54 and a beta of 0.96. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $107.00.

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

Wall Street Analysts Forecast Growth

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

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.