Brown Advisory Inc. Has $57.46 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Brown Advisory Inc. grew its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 13.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 667,836 shares of the business services provider's stock after buying an additional 77,637 shares during the period. Brown Advisory Inc. owned 0.34% of Omnicom Group worth $57,461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Omnicom Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock worth $1,982,518,000 after acquiring an additional 99,424 shares in the last quarter. Bank of New York Mellon Corp increased its position in Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock worth $577,732,000 after purchasing an additional 156,438 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Omnicom Group by 50.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after buying an additional 1,992,695 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Omnicom Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock worth $442,453,000 after acquiring an additional 51,148 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Omnicom Group by 23.8% in the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock valued at $334,076,000 after purchasing an additional 747,575 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Shares of OMC stock traded down $0.14 during trading hours on Wednesday, hitting $75.83. 2,757,320 shares of the company's stock were exchanged, compared to its average volume of 2,221,837. The stock's 50-day moving average is $77.63 and its 200-day moving average is $87.01. 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 Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95.

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

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be issued 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 3.69%. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group lowered their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. JPMorgan Chase & Co. lowered their price objective 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 reduced 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 lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Citigroup reissued a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. 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 company's stock. According to MarketBeat, Omnicom Group has a consensus rating of "Moderate Buy" and a consensus 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.