Omnicom Group Inc. $OMC Stock Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 1,187.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,939 shares of the business services provider’s stock after acquiring an additional 22,079 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Omnicom Group were worth $1,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Orca Investment Management LLC purchased a new stake in shares of Omnicom Group in the second quarter worth approximately $2,023,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Omnicom Group during the second quarter worth approximately $9,146,000. Polianta Ltd acquired a new stake in shares of Omnicom Group during the second quarter worth approximately $1,762,000. Nykredit A S purchased a new position in Omnicom Group during the second quarter valued at approximately $92,660,000. Finally, NewEdge Advisors LLC grew its position in Omnicom Group by 27.8% during the first quarter. NewEdge Advisors LLC now owns 57,040 shares of the business services provider’s stock valued at $4,296,000 after purchasing an additional 12,425 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on OMC shares. Citigroup cut their target price on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 28th. Argus upgraded shares of Omnicom Group to a “hold” rating in a report on Monday, September 14th. Wells Fargo & Company upped their price target on shares of Omnicom Group from $93.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Finally, Zacks Research upgraded Omnicom Group from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $100.67.

Insider Activity at Omnicom Group

In other news, Director Linda Rice sold 1,385 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $88.73, for a total value of $122,891.05. Following the completion of the sale, the director directly owned 11,719 shares of the company’s stock, valued at approximately $1,039,826.87. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Omnicom Group Price Performance

NYSE OMC opened at $88.98 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $24.28 billion, a PE ratio of 49.71, a price-to-earnings-growth ratio of 0.82 and a beta of 0.72. The company has a 50 day moving average price of $79.60 and a two-hundred day moving average price of $78.50. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $89.57.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Thursday, October 22nd. The business services provider reported $2.73 EPS for the quarter, topping the consensus estimate of $2.67 by $0.06. The company had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.21 billion. Omnicom Group had a net margin of 2.85% and a return on equity of 24.67%. Omnicom Group’s quarterly revenue was up 59.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.24 EPS. As a group, equities analysts predict that Omnicom Group Inc. will post 10.37 earnings per share for the current fiscal year.

Omnicom Group Profile

Omnicom Group is a global marketing and communications company that provides advertising, media planning and buying, public relations, branding, and customer relationship management services. Its agencies also work in areas such as healthcare communications, digital marketing, and data-driven marketing. The company was formed in 1986 through the combination of advertising agencies BBDO, Doyle Dane Bernbach, and Needham Harper Worldwide. Omnicom operates through a network of agencies and serves clients across major markets around the world.