Economy

Bulls&Bears Captivating in Wall Street: Omnicom Group Inc. (NYSE:OMC)

Omnicom maintains a balanced growth model through a combination of well-focused internal development initiatives and strategic acquisitions. It's now trading about -18.63% below its 52-week high.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock.

Credit Suisse now has a $80 PT on shares of Omnicom Group (NYSE:OMC). RBC Capital Markets initiated the shares of OMC in report on Friday, October 7 with "Sector Perform" rating. The company maintains price to book ratio of 0.00 vs.an industry average at 0.49. Jefferies Group LLC reaffirmed a "hold" rating and issued a $82.00 price objective on shares of Omnicom Group in a research note on Friday, July 14th.

The market capitalization of Omnicom Group Inc.is at $17.51 Billion. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock.

October 11 investment analysts at Credit Suisse left the stock rating at "Neutral" but lowered the price target from $79.00 to $78.00. Accern also assigned news articles about the business services provider an impact score of 46.5696194273751 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days. The company's revenue for the quarter was up 2.3% compared to the same quarter previous year. The 1-year high was reported on Oct, 19 by Barchart.com.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 17th. As of the last earnings report the EPS was $4.95 and is estimated to be $5.11 for the current year with 230,754,000 shares now outstanding. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The business had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.69 billion. Parallel Advisors LLC now owns 1,300 shares of the business services provider's stock worth $102,000 after acquiring an additional 104 shares during the period.

While looking at the Stock's Performance, Omnicom Group Inc. now shows a Weekly Performance of -1.88%, where Monthly Performance is -1.88%, Quarterly performance is -11.81%, 6 Months performance is -12.36% and yearly performance percentage is -9.19%. Comparatively, Omnicom Group Inc. posted earnings of $1.58 per share in the same quarter past year. The Piotroski F-Score of Omnicom Group Inc. Barclays Capital has "Hold" rating and $86 target. If you are viewing this article on another website, it was stolen and reposted in violation of United States and worldwide trademark and copyright laws. (NYSE:OMC). Advisors Asset Mngmt holds 0.09% in Omnicom Group Inc.

In other news, Treasurer Dennis E. Hewitt sold 900 shares of Omnicom Group stock in a transaction on Wednesday, July 26th. A statistical measure of the dispersion of returns (volatility) for OMC producing salvation in Investors mouth, it has week volatility of 3.03% and for the month booked as 1.94%. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Old Second Bankshares Of Aurora invested in 0.01% or 400 shares. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the sale, the treasurer now owns 38,075 shares in the company, valued at $3,029,627.75. The disclosure for this sale can be found here. (NYSE:OMC). Legal General Gp Public Limited Company holds 1.27M shares. Omnicom Group Inc. (NYSE:OMC) has risen 1.15% since October 21, 2016 and is uptrending. The stock of Omnicom Group Inc. Mutual Of America Capital Management LLC expanded its investment by buying 412 shares an increase of 1.5% in the quarter. The value of the investment in Omnicom Group Inc. went from $162,000 to $148,000 decreasing 8.6% quarter over quarter.

As of quarter end Arcadia Investment Management Corp/mi had disposed of a total of 410 shares trimming its position 1.3%. Invictus RG now owns 1,977 shares of the business services provider's stock worth $170,000 after acquiring an additional 1,812 shares during the period. National Pension Service increased its position in shares of Omnicom Group by 4.5% in the first quarter. Stifel Financial Corp now owns 50,179 shares of the business services provider's stock worth $4,148,000 after buying an additional 8,223 shares in the last quarter.

Shifting focus on performance of the Omnicom Group Inc. The Firm provides advertising, marketing and corporate communications services.



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