Omnicom Group (OMC) : Hl Financial Services scooped up 26,592 additional shares in Omnicom Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 1,054,609 shares of Omnicom Group which is valued at $86,857,597.Omnicom Group makes up approximately 2.00% of Hl Financial Services’s portfolio.
Other Hedge Funds, Including , Strs Ohio boosted its stake in OMC in the latest quarter, The investment management firm added 4,149 additional shares and now holds a total of 10,788 shares of Omnicom Group which is valued at $888,500.Daiwa Securities Group boosted its stake in OMC in the latest quarter, The investment management firm added 16,800 additional shares and now holds a total of 22,500 shares of Omnicom Group which is valued at $1,853,100. Omnicom Group makes up approx 0.01% of Daiwa Securities Group’s portfolio. First Quadrant L Pca sold out all of its stake in OMC during the most recent quarter. The investment firm sold 328,600 shares of OMC which is valued $27,497,248.Gateway Investment Advisers reduced its stake in OMC by selling 12,062 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 280,534 shares of OMC which is valued at $23,834,169. Omnicom Group makes up approx 0.20% of Gateway Investment Advisers’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in OMC by selling 54,314 shares or 34.02% in the most recent quarter. The Hedge Fund company now holds 105,340 shares of OMC which is valued at $8,755,861. Omnicom Group makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.
Omnicom Group closed down -0.42 points or -0.51% at $82.29 with 11,13,030 shares getting traded on Friday. Post opening the session at $82.47, the shares hit an intraday low of $81.85 and an intraday high of $82.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Omnicom Group reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $1.33. The company had revenue of $3884.90 million for the quarter, compared to analysts expectations of $3906.11 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.
Investors should note that on Jul 14, 2016, Omnicom Group announced a cash dividend of $0.5500. The company’s management has announced Sep 20, 2016 as the ex-dividend date and fixed the record date on Sep 22, 2016. The payable date has been fixed on Oct 14, 2016.
Many Wall Street Analysts have commented on Omnicom Group. Company shares were Reiterated by Telsey Advisory Group on Jul 20, 2016 to “Market Perform”, Firm has raised the Price Target to $ 86 from a previous price target of $79 .
Omnicom Group Inc. is a holding company. The Company provides advertising marketing and corporate communications services. The Company’s branded networks and agencies operate in markets around the world and provide a range of services which it groups into four disciplines: advertising customer relationship management (CRM) public relations and specialty communications. Its services in these disciplines include advertising brand consultancy content marketing corporate social responsibility consulting crisis communications data analytics and database management among others. Its advertising brands include BBDO Worldwide DDB Worldwide and TBWA Worldwide. The Company’s branded agency networks operate in geographic regions including the Americas which includes North America and Latin America; EMEA which includes Europe the Middle East and Africa and Asia Pacific which includes Australia China India Japan Korea New Zealand Singapore and other Asian countries.