BlackRock Inc. Ups Stake in Omnicom Group Inc. (OMC)

Fintel reports that BlackRock Inc. has filed a 13G form with the SEC disclosing ownership of 19,159,432 shares of Omnicom Group Inc. (OMC). This represents 9.4% of the company.

In their previous filing dated February 1, 2022 they reported 17,600,082 shares and 8.30% of the company, an increase in shares of 8.86% and an increase in total ownership of 1.10% (calculated as current - previous percent ownership).

Analyst Price Forecast Suggests -4.25% Downside

As of January 24, 2023, the average one-year price target for Omnicom Group is $80.95. The forecasts range from a low of $64.64 to a high of $99.75. The average price target represents a decrease of -4.25% from its latest reported closing price of $84.54.

The projected annual revenue for Omnicom Group is $14,033MM, a decrease of -1.71%. The projected annual EPS is $6.56, an increase of 4.60%.

Fund Sentiment

There are 1553 funds or institutions reporting positions in Omnicom Group Inc.. This is a decrease of 23 owner(s) or 1.46%.