Oarsman Capital Inc. Purchases New Holdings in Omnicom Group Inc. $OMC

Oarsman Capital Inc. purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 11,655 shares of the business services provider’s stock, valued at approximately $838,000.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in Omnicom Group by 17,506.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider’s stock valued at $227,512,000 after purchasing an additional 2,728,494 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Omnicom Group by 20.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider’s stock valued at $595,147,000 after purchasing an additional 1,205,165 shares in the last quarter. Baird Financial Group Inc. increased its stake in Omnicom Group by 44.5% during the 1st quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider’s stock valued at $323,040,000 after purchasing an additional 1,199,725 shares in the last quarter. AQR Capital Management LLC increased its stake in Omnicom Group by 1,836.5% during the 1st quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider’s stock valued at $89,114,000 after purchasing an additional 1,030,633 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in 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 valued at $245,909,000 after purchasing an additional 887,415 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $76.90 on Wednesday. The firm has a 50 day moving average of $77.90 and a 200 day moving average of $75.17. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 1.52 and a beta of 0.96. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00.

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

Analyst Upgrades and Downgrades

OMC has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective 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. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Barclays lifted their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average 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.