Robeco Institutional Asset Management B.V. Acquires 27,592 Shares of Omnicom Group Inc. (NYSE:OMC)

Robeco Institutional Asset Management B.V. boosted its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 66.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 69,287 shares of the business services provider's stock after acquiring an additional 27,592 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Omnicom Group were worth $5,745,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in shares of Omnicom Group by 230.2% during the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock worth $41,000 after acquiring an additional 343 shares during the last quarter. Edmp Inc. lifted its position in Omnicom Group by 154.4% during the first quarter. Edmp Inc. now owns 20,703 shares of the business services provider's stock valued at $1,716,000 after purchasing an additional 12,564 shares in the last quarter. Moran Wealth Management LLC purchased a new position in Omnicom Group during the first quarter valued at $6,306,000. Asset Management One Co. Ltd. grew its holdings in Omnicom Group by 10.4% during the first quarter. Asset Management One Co. Ltd. now owns 81,474 shares of the business services provider's stock valued at $6,755,000 after purchasing an additional 7,665 shares during the period. Finally, GHP Investment Advisors Inc. increased its position in Omnicom Group by 1.9% in the first quarter. GHP Investment Advisors Inc. now owns 66,996 shares of the business services provider's stock worth $5,555,000 after buying an additional 1,238 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Price Performance

Shares of OMC traded down $0.50 during mid-day trading on Thursday, hitting $74.52. 2,279,945 shares of the stock were exchanged, compared to its average volume of 2,596,697. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.87 and a current ratio of 1.01. The company has a market cap of $14.54 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $107.00. The firm has a 50-day moving average of $73.59 and a two-hundred day moving average of $79.23.

Omnicom Group (NYSE:OMC - Get Free Report) last released 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 analyst estimates of $3.73 billion. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. On average, equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders 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 3.76%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research report on Monday, June 23rd. Citigroup reiterated a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. UBS Group reduced their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Omnicom Group currently has an average rating of "Moderate Buy" and an average target price of $96.43.

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.