Crux Wealth Advisors Grows Stock Position in Omnicom Group Inc. $OMC

Crux Wealth Advisors boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 88.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,200 shares of the business services provider’s stock after acquiring an additional 2,902 shares during the quarter. 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 have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Omnicom Group by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider’s stock worth $1,945,629,000 after acquiring an additional 424,936 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 buying an additional 1,205,165 shares during the last quarter. Boston Partners boosted its stake in shares of Omnicom Group by 18.5% during the 1st quarter. Boston Partners now owns 4,882,041 shares of the business services provider’s stock valued at $402,598,000 after buying an additional 762,871 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Omnicom Group by 44.5% during the 1st 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Omnicom Group by 1.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,259,431 shares of the business services provider’s stock valued at $270,235,000 after buying an additional 49,801 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC opened at $77.48 on Friday. The firm has a market capitalization of $15.01 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.96. 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 Inc. has a one year low of $68.37 and a one year high of $107.00. The stock’s fifty day moving average is $77.40 and its 200-day moving average is $74.89.

Wall Street Analyst Weigh In

OMC has been the subject of several research analyst reports. Barclays cut Omnicom Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Bank of America upgraded Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a research note on Monday, June 23rd. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. reduced their target price on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.29.

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.