Financiere des Professionnels Fonds d investissement inc. Has $7.52 Million Stake in Omnicom Group Inc. $OMC

Key Points

• Financiere des Professionnels Fonds d'investissement inc. increased its ownership in Omnicom Group Inc. by 30.9% in Q2, acquiring a total of 104,466 shares valued at approximately $7.5 million.
• Omnicom Group reported $2.05 EPS for Q2, exceeding analyst expectations, and its revenue of $4.02 billion represented a 4.2% year-over-year increase.
• The company declared a quarterly dividend of $0.70 per share, set to be paid on October 10th, resulting in an annualized yield of 3.6%.

Financiere des Professionnels Fonds d investissement inc. boosted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 30.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 104,466 shares of the business services provider's stock after purchasing an additional 24,674 shares during the period. Financiere des Professionnels Fonds d investissement inc. owned about 0.05% of Omnicom Group worth $7,515,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of OMC. Robinson Value Management Ltd. raised its holdings in Omnicom Group by 0.4% in the 1st quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider's stock valued at $2,837,000 after acquiring an additional 139 shares during the period. Versant Capital Management Inc raised its holdings in Omnicom Group by 45.7% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after acquiring an additional 143 shares during the period. Mezzasalma Advisors LLC raised its holdings in Omnicom Group by 3.1% in the 1st quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider's stock valued at $443,000 after acquiring an additional 159 shares during the period. Financial Advisors Network Inc. raised its holdings in Omnicom Group by 6.1% in the 1st quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider's stock valued at $228,000 after acquiring an additional 159 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its holdings in Omnicom Group by 0.8% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider's stock valued at $1,834,000 after acquiring an additional 165 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OMC shares. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 16th. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a report on Monday, June 23rd. Finally, Barclays cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $105.00 to $80.00 in a report on Wednesday, June 25th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $94.43.

Omnicom Group Price Performance

Omnicom Group stock traded down $0.85 during mid-day trading on Friday, reaching $75.19. The company had a trading volume of 8,425,694 shares, compared to its average volume of 3,609,905. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. The company has a market cap of $14.57 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.52 and a beta of 0.97. The business has a fifty day simple moving average of $75.55 and a 200 day simple moving average of $75.46.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.03. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the business posted $1.95 earnings per share. The company's quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's dividend payout ratio (DPR) is currently 40.17%.

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.