Paradigm Asset Management Co. LLC Increases Position in Omnicom Group Inc. $OMC

Paradigm Asset Management Co. LLC lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 98.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,500 shares of the business services provider’s stock after acquiring an additional 9,200 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Omnicom Group were worth $1,331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new position in Omnicom Group in the 2nd quarter worth about $29,000. Zions Bancorporation National Association UT acquired a new position in shares of Omnicom Group during the 1st quarter worth approximately $34,000. Ameritas Advisory Services LLC purchased a new position in shares of Omnicom Group during the 2nd quarter valued at approximately $34,000. Gen Wealth Partners Inc acquired a new stake in Omnicom Group in the 1st quarter valued at $36,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Omnicom Group in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Finally, Barclays raised their price target on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Five research 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, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $96.57.

Omnicom Group Stock Up 1.8%

Omnicom Group stock opened at $74.30 on Friday. The stock 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 current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average of $77.21 and a two-hundred day moving average of $75.16. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $105.99.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, topping 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 net margin of 8.31% and a return on equity of 33.30%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $2.03 EPS. As a group, research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share 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.