Prospera Financial Services Inc Lowers Position in Omnicom Group Inc. $OMC

Prospera Financial Services Inc lessened its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 32.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,918 shares of the business services provider’s stock after selling 3,395 shares during the period. Prospera Financial Services Inc’s holdings in Omnicom Group were worth $498,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Omnicom Group by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider’s stock valued at $1,945,629,000 after acquiring an additional 424,936 shares during the period. Boston Partners boosted its position in shares of Omnicom Group by 18.5% in the first quarter. Boston Partners now owns 4,882,041 shares of the business services provider’s stock worth $402,598,000 after purchasing an additional 762,871 shares during the period. Baird Financial Group Inc. increased its stake in shares of 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 worth $323,040,000 after purchasing an additional 1,199,725 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Omnicom Group by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,259,431 shares of the business services provider’s stock worth $270,235,000 after purchasing an additional 49,801 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Omnicom Group by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,181,425 shares of the business services provider’s stock valued at $263,700,000 after purchasing an additional 279,265 shares during the period. Institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OMC shares. Barclays increased their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company raised 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. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $96.57.

Omnicom Group Trading Down 1.3%

Shares of OMC opened at $72.13 on Friday. The company’s fifty day moving average is $76.72 and its 200 day moving average is $75.11. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. The stock has a market capitalization of $13.92 billion, a PE ratio of 10.65, a P/E/G ratio of 1.43 and a beta of 0.94. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $105.99.

Omnicom Group (NYSE:OMC) last released its quarterly 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. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the business posted $2.03 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

About Omnicom Group

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.