Omnicom Group Inc. $OMC Stock Position Reduced by Bessemer Group Inc.

Bessemer Group Inc. lessened its position in shares of Omnicom Group Inc. (NYSE:OMC) by 44.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 8,096 shares of the business services provider’s stock after selling 6,514 shares during the quarter. Bessemer Group Inc.’s holdings in Omnicom Group were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. raised its position in shares of Omnicom Group by 3.5% during the 2nd quarter. Asset Management One Co. Ltd. now owns 84,329 shares of the business services provider’s stock worth $6,067,000 after purchasing an additional 2,855 shares during the period. J2 Capital Management Inc acquired a new stake in shares of Omnicom Group during the 2nd quarter worth approximately $383,000. Goldman Sachs Group Inc. raised its position in shares of Omnicom Group by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after purchasing an additional 887,415 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Omnicom Group by 34.8% during the 2nd quarter. Exchange Traded Concepts LLC now owns 13,300 shares of the business services provider’s stock worth $957,000 after purchasing an additional 3,433 shares during the period. Finally, Martin Capital Partners LLC acquired a new stake in shares of Omnicom Group during the 2nd quarter worth approximately $549,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.1%

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 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 cap of $14.46 billion, a P/E 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 $75.15.

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 analysts’ consensus estimates of $2.17 by $0.07. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $2.03 EPS. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Barclays raised their target price on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their target price on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.57.

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.