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

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

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Concurrent Investment Advisors LLC raised its holdings in Omnicom Group by 15.5% during the first quarter. Concurrent Investment Advisors LLC now owns 6,403 shares of the business services provider's stock worth $531,000 after acquiring an additional 859 shares in the last quarter. Simmons Bank raised 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 acquiring an additional 15,774 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Omnicom Group by 7.2% in the first quarter. IFM Investors Pty Ltd now owns 37,626 shares of the business services provider's stock valued at $3,120,000 after buying an additional 2,518 shares during the period. OneDigital Investment Advisors LLC raised its stake in Omnicom Group by 20.1% in the first quarter. OneDigital Investment Advisors LLC now owns 7,008 shares of the business services provider's stock valued at $581,000 after buying an additional 1,173 shares during the period. Finally, Conning Inc. raised its stake in Omnicom Group by 19.5% in the first quarter. Conning Inc. now owns 429,422 shares of the business services provider's stock valued at $35,603,000 after buying an additional 70,116 shares during the period. Institutional investors own 91.97% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on OMC. Barclays lowered Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. UBS Group dropped 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. Citigroup reaffirmed a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company decreased their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $96.43.

Omnicom Group Price Performance

NYSE:OMC traded down $1.96 during trading hours on Wednesday, reaching $72.70. 6,490,496 shares of the company were exchanged, compared to its average volume of 3,549,271. The company has a market capitalization of $14.18 billion, a P/E ratio of 9.95, a P/E/G ratio of 1.63 and a beta of 0.92. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year 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 business has a 50 day moving average of $73.49 and a 200 day moving average of $78.76.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. Research analysts forecast that Omnicom Group Inc. will post 8.25 EPS 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 given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio is currently 38.30%.

Omnicom Group 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.