UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $124.27 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 17.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,444,296 shares of the business services provider's stock after purchasing an additional 216,635 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.74% of Omnicom Group worth $124,267,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC increased its position in shares of Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares during the period. Johnson Financial Group Inc. increased its position in shares of Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after purchasing an additional 200 shares during the period. CoreCap Advisors LLC boosted its stake 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 acquiring an additional 404 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after acquiring an additional 323 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Omnicom Group in the 4th quarter worth $62,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OMC. UBS Group decreased their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. 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 report on Wednesday, April 16th. 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 report on Wednesday, April 16th. Barclays decreased their target price on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.

Omnicom Group Stock Down 0.9%

NYSE OMC traded down $0.70 on Thursday, reaching $73.36. The stock had a trading volume of 848,763 shares, compared to its average volume of 2,267,329. The business has a 50 day moving average price of $75.75 and a 200 day moving average price of $84.23. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 1.94 and a beta of 0.95.

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

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.82%. Omnicom Group's dividend payout ratio is currently 38.30%.

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.