Omnicom Group Inc. (NYSE:OMC) Stock Holdings Lifted by Swiss National Bank

Swiss National Bank lifted its position in Omnicom Group Inc. (NYSE:OMC) by 22.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 933,021 shares of the business services provider’s stock after acquiring an additional 169,700 shares during the period. Swiss National Bank owned about 0.44% of Omnicom Group worth $51,223,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its position in shares of Omnicom Group by 4.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 294,659 shares of the business services provider’s stock worth $16,177,000 after acquiring an additional 12,823 shares in the last quarter. Beutel Goodman & Co Ltd. increased its position in shares of Omnicom Group by 6.1% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 3,003,510 shares of the business services provider’s stock worth $243,344,000 after acquiring an additional 173,281 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Omnicom Group by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 52,226 shares of the business services provider’s stock worth $4,231,000 after acquiring an additional 776 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Omnicom Group by 143.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,570 shares of the business services provider’s stock worth $11,956,000 after acquiring an additional 86,847 shares in the last quarter. Finally, Conning Inc. increased its position in shares of Omnicom Group by 4.3% in the first quarter. Conning Inc. now owns 596,796 shares of the business services provider’s stock worth $32,764,000 after acquiring an additional 24,417 shares in the last quarter.

NYSE OMC opened at $51.86 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $11.11 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.70 and a beta of 0.76. The company has a 50 day moving average price of $53.50 and a two-hundred day moving average price of $69.46. Omnicom Group Inc. has a 12-month low of $46.37 and a 12-month high of $85.05.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.05. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Omnicom Group had a net margin of 8.96% and a return on equity of 43.58%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. As a group, equities analysts anticipate that Omnicom Group Inc. will post 4.36 EPS for the current year.

Several research analysts have recently weighed in on OMC shares. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $90.00 to $73.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 25th. Morgan Stanley decreased their price target on shares of Omnicom Group from $78.00 to $57.00 and set an “underweight” rating for the company in a report on Tuesday, April 28th. Cfra decreased their price target on shares of Omnicom Group from $80.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday, April 28th. ValuEngine cut shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Finally, Citigroup upgraded shares of Omnicom Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $86.00 to $60.00 in a report on Tuesday, March 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $72.88.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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