Eqis Capital Management buys $1,190,581 stake in Omnicom Group (OMC)

Omnicom Group (OMC) : Eqis Capital Management scooped up 2,214 additional shares in Omnicom Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 14,353 shares of Omnicom Group which is valued at $1,190,581.Omnicom Group makes up approximately 0.07% of Eqis Capital Management’s portfolio.

Other Hedge Funds, Including , Ct Mason reduced its stake in OMC by selling 710 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 66,278 shares of OMC which is valued at $5,497,760. Omnicom Group makes up approx 2.43% of Ct Mason’s portfolio.

Omnicom Group closed down -1.12 points or -1.33% at $83.32 with 12,47,981 shares getting traded on Tuesday. Post opening the session at $84.55, the shares hit an intraday low of $83.21 and an intraday high of $84.85 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Many Wall Street Analysts have commented on Omnicom Group. Omnicom Group was Initiated by Credit Suisse to “Neutral” on Sep 15, 2016. 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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