Agf Investments buys $134,766,131 stake in Omnicom Group (OMC)

Omnicom Group (OMC) : Agf Investments scooped up 170,395 additional shares in Omnicom Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,661,523 shares of Omnicom Group which is valued at $134,766,131.Omnicom Group makes up approximately 1.48% of Agf Investments’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in OMC in the latest quarter, The investment management firm added 2,184 additional shares and now holds a total of 103,462 shares of Omnicom Group which is valued at $8,391,803. Omnicom Group makes up approx 0.11% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Robeco Institutional Asset Management B.v. boosted its stake in OMC in the latest quarter, The investment management firm added 98,236 additional shares and now holds a total of 173,277 shares of Omnicom Group which is valued at $14,324,810. Omnicom Group makes up approx 0.11% of Robeco Institutional Asset Management B.v.’s portfolio.Hartford Investment Management Co reduced its stake in OMC by selling 802 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 58,711 shares of OMC which is valued at $4,853,638. Omnicom Group makes up approx 0.10% of Hartford Investment Management Co’s portfolio.Forte Capital Adv reduced its stake in OMC by selling 3,225 shares or 53.09% in the most recent quarter. The Hedge Fund company now holds 2,850 shares of OMC which is valued at $242,136. Omnicom Group makes up approx 0.09% of Forte Capital Adv’s portfolio.

Omnicom Group opened for trading at $81.24 and hit $81.83 on the upside on Thursday, eventually ending the session at $81.53, with a gain of 0.52% or 0.42 points. The heightened volatility saw the trading volume jump to 10,59,586 shares. Company has a market cap of $19,285 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.

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.

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