MQS Management LLC Buys 1,884 Shares of Omnicom Group Inc. $OMC

MQS Management LLC grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 60.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,001 shares of the business services provider’s stock after acquiring an additional 1,884 shares during the quarter. MQS Management LLC’s holdings in Omnicom Group were worth $360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Omnicom Group by 80.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,040 shares of the business services provider’s stock worth $2,076,000 after acquiring an additional 11,149 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Omnicom Group in the 1st quarter worth approximately $1,357,000. Asset Management One Co. Ltd. raised its holdings in Omnicom Group by 10.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 81,474 shares of the business services provider’s stock worth $6,755,000 after acquiring an additional 7,665 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Omnicom Group by 230.2% in the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after acquiring an additional 343 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Omnicom Group by 66.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 69,287 shares of the business services provider’s stock worth $5,745,000 after acquiring an additional 27,592 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

Shares of OMC opened at $78.97 on Monday. The firm has a market cap of $15.24 billion, a PE ratio of 11.66, a P/E/G ratio of 1.52 and a beta of 0.96. 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 fifty day simple moving average of $77.85 and a two-hundred day simple moving average of $75.13. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year 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 for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. The business 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 company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.03 EPS. On average, equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on OMC shares. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. Barclays boosted their price objective on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Saturday. Finally, JPMorgan Chase & Co. decreased their target price 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 equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.