Fort Washington Investment Advisors Inc. OH Purchases 18,615 Shares of Omnicom Group Inc. (NYSE:OMC)

Fort Washington Investment Advisors Inc. OH raised its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 395,316 shares of the business services provider's stock after buying an additional 18,615 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.20% of Omnicom Group worth $32,776,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its position in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after acquiring an additional 195 shares during the last quarter. Johnson Financial Group Inc. increased its position in Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Omnicom Group by 45.7% in the first 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 last quarter. CoreCap Advisors LLC grew its holdings in shares of Omnicom Group by 708.8% during the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after purchasing an additional 404 shares during the period. Finally, Whittier Trust Co. increased its position 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 acquiring an additional 323 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays reduced their price target on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Citigroup restated a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Wells Fargo & Company lowered their price target 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Omnicom Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.29.

Omnicom Group Price Performance

Omnicom Group stock traded down $1.77 during trading hours on Friday, hitting $69.42. 3,277,009 shares of the stock were exchanged, compared to its average volume of 2,409,514. The stock has a market capitalization of $13.54 billion, a P/E ratio of 9.32, a P/E/G ratio of 1.94 and a beta of 0.93. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00. The business's 50-day moving average is $74.32 and its two-hundred day moving average is $81.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. Equities research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.03%. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

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.