Baird Financial Group Inc. Buys 86,229 Shares of Omnicom Group Inc. (NYSE:OMC)

Baird Financial Group Inc. increased its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,696,545 shares of the business services provider's stock after purchasing an additional 86,229 shares during the period. Baird Financial Group Inc. owned approximately 1.37% of Omnicom Group worth $232,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ST Germain D J Co. Inc. purchased a new stake in shares of Omnicom Group during the 4th quarter valued at $25,000. Versant Capital Management Inc increased its stake in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after acquiring an additional 271 shares during the last quarter. Venturi Wealth Management LLC raised its position in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares in the last quarter. Johnson Financial Group Inc. boosted its holdings in shares of Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after purchasing an additional 323 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Trading Down 1.4 %

Shares of NYSE:OMC traded down $1.09 during midday trading on Tuesday, hitting $75.97. 1,737,525 shares of the stock traded hands, compared to its average volume of 2,218,268. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $14.82 billion, a PE ratio of 10.20, a P/E/G ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00. The business's 50 day moving average is $77.77 and its two-hundred day moving average is $87.09.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. As a group, research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.69%. Omnicom Group's dividend payout ratio (DPR) is currently 38.30%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OMC shares. Citigroup restated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Barclays cut their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. UBS Group reduced their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Finally, Wells Fargo & Company lowered their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Omnicom Group has an average rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.