Freestone Grove Partners LP Takes $413,000 Position in Omnicom Group Inc. (NYSE:OMC)

Freestone Grove Partners LP purchased a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,799 shares of the business services provider's stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at about $25,000. Versant Capital Management Inc boosted its holdings in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after purchasing an additional 195 shares during the last quarter. Johnson Financial Group Inc. grew its stake 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 purchasing an additional 200 shares during the period. Finally, Whittier Trust Co. increased its position in shares of Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after purchasing an additional 323 shares during the last quarter. Institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

Shares of OMC stock traded down $0.52 during trading hours on Friday, reaching $75.94. 1,733,594 shares of the company traded hands, compared to its average volume of 2,219,990. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. The company has a market cap of $14.82 billion, a P/E ratio of 10.19, a P/E/G ratio of 1.94 and a beta of 0.95. The firm has a 50-day moving average price of $77.55 and a 200 day moving average price of $86.82. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

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

Omnicom Group Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.69%. Omnicom Group's dividend payout ratio (DPR) is currently 38.30%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group dropped their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company decreased their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Citigroup reissued a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price objective 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. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $101.29.

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.