Savant Capital LLC Has $3.09 Million Stock Holdings in Omnicom Group Inc. $OMC

Savant Capital LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 2.5% in the second quarter, Holdings Channel.com reports. The firm owned 42,943 shares of the business services provider’s stock after purchasing an additional 1,029 shares during the quarter. Savant Capital LLC’s holdings in Omnicom Group were worth $3,089,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of OMC. Resona Asset Management Co. Ltd. increased its position in shares of Omnicom Group by 16.1% during the second quarter. Resona Asset Management Co. Ltd. now owns 73,713 shares of the business services provider’s stock worth $5,297,000 after acquiring an additional 10,211 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Omnicom Group by 11.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 276,904 shares of the business services provider’s stock valued at $19,921,000 after acquiring an additional 27,950 shares in the last quarter. Machina Capital S.A.S. lifted its position in Omnicom Group by 107.5% in the 2nd quarter. Machina Capital S.A.S. now owns 16,894 shares of the business services provider’s stock valued at $1,215,000 after acquiring an additional 8,752 shares in the last quarter. Verity Asset Management Inc. acquired a new position in Omnicom Group in the 2nd quarter worth $261,000. Finally, EPG Wealth Management LLC increased its holdings in Omnicom Group by 2.3% during the 2nd quarter. EPG Wealth Management LLC now owns 7,738 shares of the business services provider’s stock worth $557,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on OMC shares. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, Barclays lifted 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. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus price target of $96.57.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $74.30 on Monday. 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 business has a 50-day moving average of $77.21 and a 200-day moving average of $75.19. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 10.97, a PEG 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 earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.07. The business had revenue of $4.04 billion for 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%.Omnicom Group’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.03 earnings per share. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

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.