Omnicom Group (OMC) : Webster Bank N. A. scooped up 90 additional shares in Omnicom Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 4,391 shares of Omnicom Group which is valued at $363,882.Omnicom Group makes up approximately 0.05% of Webster Bank N. A.’s portfolio.
Other Hedge Funds, Including , Country Club Trust Company N.a. reduced its stake in OMC by selling 555 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 86,171 shares of OMC which is valued at $7,140,991. Omnicom Group makes up approx 1.03% of Country Club Trust Company N.a.’s portfolio.Capstone Asset Management Co boosted its stake in OMC in the latest quarter, The investment management firm added 2,330 additional shares and now holds a total of 41,117 shares of Omnicom Group which is valued at $3,369,127. Omnicom Group makes up approx 0.10% of Capstone Asset Management Co’s portfolio. Cutler Group Lp sold out all of its stake in OMC during the most recent quarter. The investment firm sold 1,945 shares of OMC which is valued $160,774.
Omnicom Group opened for trading at $82.65 and hit $83.42 on the upside on Friday, eventually ending the session at $82.87, with a gain of 0.97% or 0.8 points. The heightened volatility saw the trading volume jump to 16,78,597 shares. Company has a market cap of $19,602 M.
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.
Many Wall Street Analysts have commented on Omnicom Group. Company shares were Reiterated by Pivotal Research Group on Oct 17, 2016 to “Hold”, Firm has raised the Price Target to $ 86 from a previous price target of $79 .RBC Capital Mkts Initiated Omnicom Group on Oct 7, 2016 to “Sector Perform”, Price Target of the shares are set at $87.Omnicom Group was Initiated by Credit Suisse to “Neutral” on Sep 15, 2016.
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.