Omnicom Group Inc. (OMC) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 20.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,856 shares of the business services provider’s stock after acquiring an additional 1,504 shares during the quarter. American Century Companies Inc.’s holdings in Omnicom Group were worth $649,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in OMC. Segall Bryant & Hamill LLC raised its position in shares of Omnicom Group by 0.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 40,068 shares of the business services provider’s stock worth $2,935,000 after acquiring an additional 141 shares in the last quarter. JOYN Advisors Inc. raised its position in shares of Omnicom Group by 47.2% during the 4th quarter. JOYN Advisors Inc. now owns 443 shares of the business services provider’s stock worth $32,000 after acquiring an additional 142 shares in the last quarter. Archford Capital Strategies LLC raised its position in shares of Omnicom Group by 16.4% during the 4th quarter. Archford Capital Strategies LLC now owns 1,202 shares of the business services provider’s stock worth $88,000 after acquiring an additional 169 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of Omnicom Group by 2.2% during the 4th quarter. Wetherby Asset Management Inc. now owns 7,977 shares of the business services provider’s stock worth $584,000 after acquiring an additional 173 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Omnicom Group by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 9,934 shares of the business services provider’s stock worth $728,000 after acquiring an additional 175 shares in the last quarter.

Shares of NYSE:OMC traded up $0.25 during trading on Friday, reaching $79.55. The company had a trading volume of 1,633,774 shares, compared to its average volume of 2,267,022. The company has a current ratio of 0.88, a quick ratio of 0.79 and a debt-to-equity ratio of 1.89. Omnicom Group Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $84.35. The firm has a market cap of $17.51 billion, a P/E ratio of 13.83, a PEG ratio of 2.83 and a beta of 0.71.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.09. Omnicom Group had a return on equity of 44.01% and a net margin of 8.76%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the business earned $1.14 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Research analysts forecast that Omnicom Group Inc. will post 5.93 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets raised their target price on Omnicom Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Barclays raised Omnicom Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $76.00 to $84.00 in a research report on Wednesday, April 17th. Citigroup raised their target price on Omnicom Group from $82.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. Macquarie set a $76.00 price target on Omnicom Group and gave the stock a “hold” rating in a research report on Thursday, February 14th. Finally, Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Friday, January 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $76.90.

In other Omnicom Group news, Director Linda Johnson Rice sold 495 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $74.79, for a total transaction of $37,021.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jonathan B. Nelson sold 4,916 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $84.22, for a total value of $414,025.52. Following the sale, the chief executive officer now owns 83,858 shares in the company, valued at $7,062,520.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,864 shares of company stock worth $1,037,986. Company insiders own 1.10% of the company’s stock.

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About Omnicom Group

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.

See Also: Balance Sheet

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

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