Omnicom Group Inc. (NYSE:OMC) Shares Bought by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. increased its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of Omnicom Group by 45.7% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after acquiring an additional 143 shares during the period. Smartleaf Asset Management LLC grew its holdings in Omnicom Group by 13.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock valued at $105,000 after buying an additional 147 shares during the last quarter. MGO One Seven LLC grew its holdings in Omnicom Group by 3.2% during the 4th quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock valued at $437,000 after buying an additional 157 shares during the last quarter. Mezzasalma Advisors LLC grew its holdings in Omnicom Group by 3.1% during the 1st quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider's stock valued at $443,000 after buying an additional 159 shares during the last quarter. Finally, Center for Financial Planning Inc. grew its holdings in Omnicom Group by 2.2% during the 1st quarter. Center for Financial Planning Inc. now owns 9,168 shares of the business services provider's stock valued at $760,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Performance

Shares of NYSE OMC traded up $0.87 during mid-day trading on Tuesday, hitting $74.71. The company had a trading volume of 4,835,102 shares, compared to its average volume of 2,628,209. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.63 and a beta of 0.92. 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 firm's 50 day simple moving average is $73.52 and its two-hundred day simple moving average is $78.79.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. As a group, equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio is currently 38.30%.

Analysts Set New Price Targets

OMC has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price target on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. UBS Group reduced 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. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and an average target price of $96.43.

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.