Financial Advisory Partners LLC Purchases 10,324 Shares of Omnicom Group Inc. (NYSE:OMC)

Financial Advisory Partners LLC raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 62.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,968 shares of the business services provider's stock after buying an additional 10,324 shares during the period. Financial Advisory Partners LLC's holdings in Omnicom Group were worth $2,236,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its stake in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after purchasing an additional 195 shares during the period. Johnson Financial Group Inc. boosted its stake in shares of Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Versant Capital Management Inc grew its holdings in Omnicom Group by 45.7% during the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after purchasing an additional 143 shares during the last quarter. CoreCap Advisors LLC grew its stake in Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after buying an additional 404 shares during the last quarter. Finally, Whittier Trust Co. increased its stake in shares of Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after purchasing an additional 323 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group cut their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Barclays cut their target price 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. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Price Performance

Shares of Omnicom Group stock traded down $1.01 during trading on Thursday, hitting $70.20. 2,421,653 shares of the company's stock traded hands, compared to its average volume of 2,327,874. The company has a market cap of $13.70 billion, a PE ratio of 9.42, a PEG ratio of 1.94 and a beta of 0.93. The firm's fifty day moving average price is $74.93 and its 200 day moving average price is $83.17. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

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

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

About Omnicom Group

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.