Aviva PLC Buys 10,388 Shares of Omnicom Group Inc. $OMC

Aviva PLC boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 7.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 145,252 shares of the business services provider’s stock after buying an additional 10,388 shares during the period. Aviva PLC’s holdings in Omnicom Group were worth $10,449,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OMC. Pacer Advisors Inc. boosted its stake in shares of Omnicom Group by 17,506.1% in 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 lifted its holdings 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 during the last quarter. Baird Financial Group Inc. boosted its position in 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 valued at $323,040,000 after buying an additional 1,199,725 shares in the last quarter. AQR Capital Management LLC boosted its position in Omnicom Group by 1,836.5% in the first quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider’s stock valued at $89,114,000 after buying an additional 1,030,633 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Omnicom Group by 42.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after buying an additional 887,415 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on OMC shares. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Finally, Barclays boosted 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. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $96.57.

Omnicom Group Stock Performance

OMC stock opened at $73.87 on Wednesday. The company has a 50 day moving average price of $77.04 and a 200 day moving average price of $75.16. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $105.99. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market capitalization of $14.26 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last released 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 company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $2.03 EPS. Analysts forecast 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.