Omnicom Group Inc. $OMC Stock Position Lifted by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its position in Omnicom Group Inc. (NYSE:OMC) by 3.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 432,609 shares of the business services provider’s stock after acquiring an additional 15,840 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Omnicom Group were worth $32,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in OMC. Granite Islands Private Wealth LLC raised its position in shares of Omnicom Group by 25.9% during the 1st quarter. Granite Islands Private Wealth LLC now owns 18,820 shares of the business services provider’s stock valued at $1,412,000 after acquiring an additional 3,873 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Omnicom Group by 35.3% in the first quarter. Venturi Wealth Management LLC now owns 8,178 shares of the business services provider’s stock worth $616,000 after purchasing an additional 2,135 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Omnicom Group by 112.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,077 shares of the business services provider’s stock worth $458,000 after purchasing an additional 3,223 shares during the period. HF Advisory Group LLC increased its stake in Omnicom Group by 13.8% during the first quarter. HF Advisory Group LLC now owns 16,003 shares of the business services provider’s stock valued at $1,205,000 after purchasing an additional 1,942 shares during the last quarter. Finally, Meyer Handelman Co. increased its stake in Omnicom Group by 29.2% during the first quarter. Meyer Handelman Co. now owns 240,466 shares of the business services provider’s stock valued at $18,109,000 after purchasing an additional 54,309 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

Shares of OMC opened at $73.11 on Monday. The company has a market cap of $20.84 billion, a P/E ratio of 187.46, a PEG ratio of 0.44 and a beta of 0.64. The stock has a fifty day moving average price of $75.11 and a 200 day moving average price of $76.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17.

Omnicom Group (NYSE:OMC) last posted its earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the business posted $1.70 earnings per share. On average, research analysts forecast that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is 820.51%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price on the stock. Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective for the company. UBS Group boosted their price objective on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Morgan Stanley increased their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Citigroup cut their target price on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Omnicom Group has a consensus rating of “Hold” and a consensus price target of $99.00.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.