Tounjian Advisory Partners LLC Takes Position in Omnicom Group Inc. (NYSE:OMC)

Tounjian Advisory Partners LLC purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,046 shares of the business services provider's stock, valued at approximately $1,413,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pallas Capital Advisors LLC acquired a new position in shares of Omnicom Group during the first quarter valued at approximately $208,000. Farther Finance Advisors LLC boosted its stake in shares of Omnicom Group by 51.1% in the first quarter. Farther Finance Advisors LLC now owns 7,420 shares of the business services provider's stock worth $592,000 after acquiring an additional 2,508 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Omnicom Group by 8.4% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 12,299 shares of the business services provider's stock worth $1,020,000 after purchasing an additional 954 shares in the last quarter. Procyon Advisors LLC acquired a new position in Omnicom Group in the 1st quarter valued at $1,776,000. Finally, Curat Global LLC purchased a new position in Omnicom Group in the 1st quarter valued at $512,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. JPMorgan Chase & Co. cut their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Barclays lowered their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, 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 report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Trading Up 1.7%

Shares of Omnicom Group stock opened at $71.43 on Monday. The stock has a 50 day moving average of $74.51 and a 200 day moving average of $82.54. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.94 and a beta of 0.93. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly 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. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. As a group, 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 Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is presently 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.

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