Financiere des Professionnels Fonds d investissement inc. Buys 3,639 Shares of Omnicom Group Inc. (NYSE:OMC)

Financiere des Professionnels Fonds d investissement inc. lifted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,792 shares of the business services provider's stock after buying an additional 3,639 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Omnicom Group were worth $6,616,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC grew its position in shares of Omnicom Group by 15.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 6,403 shares of the business services provider's stock valued at $531,000 after acquiring an additional 859 shares during the period. Simmons Bank grew its holdings in Omnicom Group by 492.6% during the first quarter. Simmons Bank now owns 18,976 shares of the business services provider's stock worth $1,573,000 after purchasing an additional 15,774 shares during the period. IFM Investors Pty Ltd grew its holdings in Omnicom Group by 7.2% during the first quarter. IFM Investors Pty Ltd now owns 37,626 shares of the business services provider's stock worth $3,120,000 after purchasing an additional 2,518 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of Omnicom Group by 20.1% during the 1st quarter. OneDigital Investment Advisors LLC now owns 7,008 shares of the business services provider's stock worth $581,000 after acquiring an additional 1,173 shares during the period. Finally, Conning Inc. boosted its stake in shares of Omnicom Group by 19.5% during the 1st quarter. Conning Inc. now owns 429,422 shares of the business services provider's stock worth $35,603,000 after acquiring an additional 70,116 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Price Performance

Shares of NYSE:OMC traded down $0.31 during trading on Friday, reaching $74.71. 2,279,954 shares of the company traded hands, compared to its average volume of 2,607,986. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00. The company's 50 day moving average is $73.55 and its two-hundred day moving average is $78.96. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $14.58 billion, a PE ratio of 10.22, a PEG ratio of 1.65 and a beta of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.73 billion. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group reduced their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Citigroup restated a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a report on Tuesday, April 15th. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a report on Monday, June 23rd. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Barclays lowered Omnicom Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $105.00 to $80.00 in a report on Wednesday, June 25th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $96.43.

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.