Savant Capital LLC Acquires 1,029 Shares of Omnicom Group Inc. $OMC

Savant Capital LLC raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,943 shares of the business services provider’s stock after purchasing an additional 1,029 shares during the quarter. Savant Capital LLC’s holdings in Omnicom Group were worth $3,089,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Asset Management One Co. Ltd. increased its stake in shares of Omnicom Group by 3.5% in the 2nd quarter. Asset Management One Co. Ltd. now owns 84,329 shares of the business services provider’s stock valued at $6,067,000 after buying an additional 2,855 shares during the period. J2 Capital Management Inc bought a new position in Omnicom Group in the second quarter valued at about $383,000. Goldman Sachs Group Inc. boosted its holdings in Omnicom Group by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock valued at $245,909,000 after acquiring an additional 887,415 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Omnicom Group by 34.8% in the second 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 during the period. Finally, Martin Capital Partners LLC bought a new stake in Omnicom Group during the 2nd quarter worth about $549,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OMC has been the topic of a number of research reports. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Barclays increased their price objective on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.57.

Omnicom Group Stock Up 1.8%

Omnicom Group stock opened at $74.30 on Monday. The company’s 50 day simple moving average is $77.21 and its 200 day simple moving average is $75.19. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $105.99. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.43 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating the consensus estimate of $2.17 by $0.07. The firm 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 business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 earnings per share. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

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.