Boston Partners Has $354.43 Million Position in Omnicom Group Inc. (NYSE:OMC)

Boston Partners decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,119,170 shares of the business services provider's stock after selling 140,285 shares during the quarter. Boston Partners owned approximately 2.10% of Omnicom Group worth $354,430,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in OMC. World Investment Advisors LLC lifted its holdings in shares of Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock worth $2,720,000 after buying an additional 17,815 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in shares of Omnicom Group during the third quarter worth $713,000. Thrivent Financial for Lutherans lifted its holdings in shares of Omnicom Group by 40.9% during the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider's stock worth $3,077,000 after buying an additional 8,643 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Omnicom Group by 19.7% during the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider's stock worth $23,860,000 after buying an additional 38,022 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Omnicom Group by 15.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider's stock worth $32,411,000 after buying an additional 50,153 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

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Omnicom Group Price Performance

Shares of NYSE OMC traded up $0.34 during mid-day trading on Friday, reaching $81.03. The company had a trading volume of 11,642,465 shares, compared to its average volume of 1,909,923. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a one year low of $78.69 and a one year high of $107.00. The firm has a market cap of $15.92 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.94 and a beta of 0.98. The business's 50-day simple moving average is $83.69 and its 200 day simple moving average is $93.17.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the previous year, the firm earned $2.20 EPS. On average, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's dividend payout ratio is presently 37.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OMC shares. Macquarie reissued an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Barclays dropped their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Wells Fargo & Company dropped their target price on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. Finally, Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group has an average rating of "Moderate Buy" and a consensus target price of $105.75.

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.