Franklin Resources Inc. Acquires 25,063 Shares of Omnicom Group Inc. (NYSE:OMC)

Franklin Resources Inc. increased its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 256,131 shares of the business services provider's stock after purchasing an additional 25,063 shares during the quarter. Franklin Resources Inc. owned approximately 0.13% of Omnicom Group worth $22,038,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors LLC raised its stake 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 during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Omnicom Group during the 3rd quarter worth $713,000. Fort Washington Investment Advisors Inc. OH raised its position in shares of Omnicom Group by 15.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider's stock valued at $32,411,000 after acquiring an additional 50,153 shares during the last quarter. Arvest Bank Trust Division acquired a new position in shares of Omnicom Group in the 3rd quarter valued at $21,191,000. Finally, Avanza Fonder AB acquired a new position in shares of Omnicom Group in the 4th quarter valued at $1,544,000. 91.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on OMC. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays lowered their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Finally, UBS Group decreased their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $104.43.

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Omnicom Group Stock Up 2.1 %

Shares of OMC traded up $1.58 on Friday, hitting $75.56. The company's stock had a trading volume of 3,018,198 shares, compared to its average volume of 2,144,307. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 1.94 and a beta of 0.87. The firm's fifty day moving average price is $80.50 and its 200-day moving average price is $90.38. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00.

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

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

About Omnicom Group

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.