Omnicom Group’s Stock Position Raised
During 2016, Omnicom Group Inc.’s (OMC) shares have seen good days and bad days with the various investment management groups and funds. Pzena Investment Management sold 2.6% (121,538 shares) of their stake during the third quarter. Janus Capital Management LLC raised their position by 24.5% during the second quarter and added even more of their shares during the fourth quarter. Likewise, Mackenzie Financial Corp, Panagora Asset Management Inc., FMR LLC, and EverPoint Asset Management LLC all added to their position on OMC during 2016 at least once, many did so during two quarters.
The shares started 2016 at about $65 each and hit a high in December at almost $90 per share; it was a growth year for the stock. 2017 is off to a good start - but some brokerages have now put a “hold” rating on the communications giant.





