Longview Partners Guernsey LTD Has $474.14 Million Stake in Omnicom Group Inc. (OMC)

Longview Partners Guernsey LTD lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 8.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,970,601 shares of the business services provider’s stock after purchasing an additional 534,008 shares during the period. Omnicom Group comprises approximately 2.3% of Longview Partners Guernsey LTD’s portfolio, making the stock its 19th largest holding. Longview Partners Guernsey LTD’s holdings in Omnicom Group were worth $474,140,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in OMC. Charles Schwab Investment Advisory Inc. acquired a new position in Omnicom Group in the second quarter valued at approximately $227,088,000. Unigestion Holding SA acquired a new position in Omnicom Group in the second quarter valued at approximately $49,396,000. Massachusetts Financial Services Co. MA boosted its holdings in Omnicom Group by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 17,805,272 shares of the business services provider’s stock valued at $1,358,007,000 after purchasing an additional 427,284 shares in the last quarter. Beutel Goodman & Co Ltd. boosted its holdings in Omnicom Group by 15.1% in the second quarter. Beutel Goodman & Co Ltd. now owns 3,138,639 shares of the business services provider’s stock valued at $182,123,000 after purchasing an additional 412,929 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Omnicom Group by 65.9% in the first quarter. Royal Bank of Canada now owns 796,123 shares of the business services provider’s stock valued at $57,854,000 after purchasing an additional 316,123 shares in the last quarter.

Shares of OMC stock traded up $0.47 during trading hours on Friday, hitting $76.64. The stock had a trading volume of 197,290 shares, compared to its average volume of 3,237,429. The company has a market capitalization of $16.96 billion, a P/E ratio of 14.94, a PEG ratio of 2.29 and a beta of 1.06. Omnicom Group Inc. has a twelve month low of $65.32 and a twelve month high of $83.34. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 16th. The business services provider reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.03. Omnicom Group had a return on equity of 41.70% and a net margin of 7.68%. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Research analysts predict that Omnicom Group Inc. will post 5.63 EPS for the current fiscal year.

A number of equities analysts recently issued reports on OMC shares. Royal Bank of Canada lowered their price target on Omnicom Group to $75.00 and set a “$70.60” rating for the company in a report on Wednesday, July 18th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of Omnicom Group in a report on Thursday, July 19th. ValuEngine raised Omnicom Group from a “sell” rating to a “hold” rating in a report on Wednesday. Pivotal Research upped their price target on Omnicom Group from $65.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $74.67.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

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

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