Hancock Whitney Corp Has $2.16 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Hancock Whitney Corp increased its stake in Omnicom Group Inc. (NYSE:OMC) by 11.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,250 shares of the business services provider’s stock after acquiring an additional 3,994 shares during the quarter. Hancock Whitney Corp’s holdings in Omnicom Group were worth $2,155,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in Omnicom Group by 543.3% in the fourth quarter. IFP Advisors Inc now owns 1,634 shares of the business services provider’s stock valued at $134,000 after buying an additional 1,380 shares during the period. Janney Montgomery Scott LLC lifted its stake in Omnicom Group by 5.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,880 shares of the business services provider’s stock valued at $963,000 after buying an additional 631 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Omnicom Group by 143.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,570 shares of the business services provider’s stock valued at $11,956,000 after buying an additional 86,847 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Omnicom Group by 30.3% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,660 shares of the business services provider’s stock valued at $134,000 after buying an additional 386 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in Omnicom Group by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,508 shares of the business services provider’s stock valued at $365,000 after buying an additional 328 shares during the period.

Several equities analysts have issued reports on OMC shares. ValuEngine lowered Omnicom Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $90.00 to $73.00 and set an “overweight” rating for the company in a report on Wednesday, March 25th. Citigroup upgraded Omnicom Group from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $86.00 to $60.00 in a report on Tuesday, March 24th. Morgan Stanley decreased their price objective on Omnicom Group from $78.00 to $57.00 and set an “underweight” rating for the company in a report on Tuesday, April 28th. Finally, Cfra decreased their price objective on Omnicom Group from $80.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday, April 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $72.88.

Shares of Omnicom Group stock opened at $51.78 on Friday. The stock has a fifty day simple moving average of $53.50 and a 200 day simple moving average of $69.46. Omnicom Group Inc. has a 12-month low of $46.37 and a 12-month high of $85.05. The company has a market capitalization of $11.11 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 1.70 and a beta of 0.76. The company has a current ratio of 0.92, a quick ratio of 0.82 and a debt-to-equity ratio of 2.16.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Omnicom Group had a return on equity of 43.58% and a net margin of 8.96%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. Omnicom Group’s revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that Omnicom Group Inc. will post 4.36 EPS for the current year.

Omnicom Group Company Profile

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.

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

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