Vontobel Holding Ltd. Buys 4,496 Shares of Omnicom Group Inc. (NYSE:OMC)

Vontobel Holding Ltd. boosted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 7.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,738 shares of the business services provider's stock after buying an additional 4,496 shares during the period. Vontobel Holding Ltd.'s holdings in Omnicom Group were worth $5,699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Johnson Financial Group Inc. boosted its position in Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after buying an additional 200 shares during the last quarter. Versant Capital Management Inc increased its stake in Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after buying an additional 143 shares during the period. CoreCap Advisors LLC raised its stake in shares of Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after buying an additional 404 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Omnicom Group by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock valued at $41,000 after buying an additional 343 shares in the last quarter. Finally, Whittier Trust Co. grew its position in 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 buying an additional 323 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Down 0.4%

Shares of OMC traded down $0.31 during trading hours on Friday, reaching $74.71. The stock had a trading volume of 2,279,954 shares, compared to its average volume of 2,607,986. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. 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 $73.55 and a 200 day moving average of $78.96. The company has a market cap of $14.58 billion, a P/E ratio of 10.22, a P/E/G ratio of 1.65 and a beta of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 9.20% and a return on equity of 34.85%. On average, sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm 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 dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

Analysts Set New Price Targets

A number of research firms recently commented on OMC. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a research note on Monday, June 23rd. Barclays cut Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Citigroup reiterated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Omnicom Group presently has an average rating of "Moderate Buy" and a consensus target price of $96.43.

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.