Center for Financial Planning Inc. Has $706,000 Holdings in Omnicom Group Inc. $OMC

Center for Financial Planning Inc. grew its stake in Omnicom Group Inc. (NYSE:OMC) by 7.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,818 shares of the business services provider’s stock after buying an additional 650 shares during the period. Center for Financial Planning Inc.’s holdings in Omnicom Group were worth $706,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Omnicom Group by 1.8% in the first quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider’s stock worth $1,945,629,000 after buying an additional 424,936 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Omnicom Group by 20.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider’s stock worth $595,147,000 after buying an additional 1,205,165 shares during the last quarter. Boston Partners lifted its position in shares of Omnicom Group by 18.5% in the first quarter. Boston Partners now owns 4,882,041 shares of the business services provider’s stock worth $402,598,000 after buying an additional 762,871 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Omnicom Group by 44.5% in the first quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider’s stock worth $323,040,000 after purchasing an additional 1,199,725 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Omnicom Group by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,259,431 shares of the business services provider’s stock worth $270,235,000 after purchasing an additional 49,801 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.1%

Shares of OMC opened at $74.95 on Friday. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 1.43 and a beta of 0.96. The stock’s 50-day moving average price is $77.71 and its 200 day moving average price is $75.16.

Omnicom Group (NYSE:OMC) last issued its quarterly 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. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the company posted $2.03 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Analysts Set New Price Targets

OMC has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.