Crux Wealth Advisors Grows Holdings in Omnicom Group Inc. $OMC

Crux Wealth Advisors raised its position in Omnicom Group Inc. (NYSE:OMC) by 88.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,200 shares of the business services provider’s stock after purchasing an additional 2,902 shares during the period. Crux Wealth Advisors’ holdings in Omnicom Group were worth $446,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Robinson Value Management Ltd. increased its stake in shares of Omnicom Group by 0.4% during the 1st quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider’s stock valued at $2,837,000 after acquiring an additional 139 shares during the last quarter. Financial Advisors Network Inc. increased its stake in shares of Omnicom Group by 6.1% during the 1st quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider’s stock valued at $228,000 after acquiring an additional 159 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of Omnicom Group by 0.8% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider’s stock valued at $1,834,000 after acquiring an additional 165 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Omnicom Group by 39.1% during the 1st quarter. Harbour Investments Inc. now owns 616 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 173 shares during the last quarter. Finally, Horizon Investments LLC increased its stake in shares of Omnicom Group by 6.6% during the 1st quarter. Horizon Investments LLC now owns 2,859 shares of the business services provider’s stock valued at $237,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OMC. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. dropped 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. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Barclays downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, Bank of America raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a research report on Monday, June 23rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $96.29.

Omnicom Group Stock Up 0.3%

OMC opened at $77.48 on Friday. The company has a market cap of $15.01 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.96. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $107.00. The firm has a 50 day moving average price of $77.40 and a 200 day moving average price of $74.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92.

Omnicom Group Company 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.