Forum Financial Management LP Has $355,000 Position in Omnicom Group Inc. $OMC

Forum Financial Management LP reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,928 shares of the business services provider’s stock after selling 378 shares during the period. Forum Financial Management LP’s holdings in Omnicom Group were worth $355,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. J2 Capital Management Inc bought a new position in shares of Omnicom Group during the 2nd quarter worth about $383,000. Golden State Wealth Management LLC boosted its position in shares of Omnicom Group by 230.2% during the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after purchasing an additional 343 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Omnicom Group by 42.7% during 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 purchasing an additional 887,415 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Omnicom Group during the 1st quarter worth about $1,357,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of Omnicom Group by 34.8% during the 2nd quarter. Exchange Traded Concepts LLC now owns 13,300 shares of the business services provider’s stock worth $957,000 after purchasing an additional 3,433 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $78.97 on Friday. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The stock has a market cap of $15.24 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.52 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. The firm’s 50-day simple moving average is $77.85 and its 200 day simple moving average is $75.14.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.07. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $2.03 EPS. As a group, research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OMC. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Saturday. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Finally, Barclays raised 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 report on Thursday. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.57.

About Omnicom Group

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.