Omnicom Group Inc. (NYSE:OMC) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 376,701 shares of the business services provider’s stock after purchasing an additional 50,153 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.19% of Omnicom Group worth $32,411,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in OMC. State Street Corp grew its position in Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after buying an additional 759,980 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Omnicom Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after acquiring an additional 72,447 shares in the last quarter. Barclays PLC grew its holdings in shares of Omnicom Group by 1.7% in the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after acquiring an additional 13,637 shares during the last quarter. Millennium Management LLC raised its position in shares of Omnicom Group by 73.0% during the second quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock worth $68,919,000 after purchasing an additional 324,196 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Omnicom Group by 23.6% during the third quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock valued at $72,465,000 after purchasing an additional 134,927 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Trading Up 1.4 %

Shares of NYSE:OMC opened at $86.57 on Wednesday. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $16.89 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98. The firm has a fifty day moving average of $92.92 and a two-hundred day moving average of $96.55.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.23%. Omnicom Group’s payout ratio is 38.25%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. UBS Group lifted their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company dropped their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays lifted their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

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.