Envestnet Asset Management Inc. Increases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Envestnet Asset Management Inc. raised its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,461,033 shares of the business services provider's stock after buying an additional 253,067 shares during the quarter. Envestnet Asset Management Inc. owned about 0.75% of Omnicom Group worth $121,134,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of OMC. Proficio Capital Partners LLC bought a new stake in shares of Omnicom Group during the 4th quarter valued at approximately $5,125,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Omnicom Group in the 4th quarter worth approximately $76,000. AlphaQuest LLC acquired a new position in shares of Omnicom Group in the 4th quarter worth approximately $362,000. Daiwa Securities Group Inc. lifted its position in shares of Omnicom Group by 11.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 28,861 shares of the business services provider's stock worth $2,483,000 after purchasing an additional 3,036 shares during the period. Finally, Independent Advisor Alliance bought a new stake in shares of Omnicom Group in the 4th quarter valued at $240,000. 91.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of 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. UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Citigroup reaffirmed a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research report on Monday, June 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $95.29.

Omnicom Group Price Performance

NYSE OMC traded down $0.64 on Friday, reaching $72.79. 3,599,327 shares of the company's stock traded hands, compared to its average volume of 2,669,898. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 0.87. The stock has a 50-day simple moving average of $73.29 and a 200 day simple moving average of $78.48. The stock has a market cap of $14.20 billion, a PE ratio of 9.96, a P/E/G ratio of 1.60 and a beta of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last issued 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. Omnicom Group had a net margin of 9.20% and a return on equity of 34.85%. The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

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.