Fort Washington Investment Advisors Inc. OH Raises Stake in Omnicom Group Inc. (NYSE:OMC)

Fort Washington Investment Advisors Inc. OH grew its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,701 shares of the business services provider's stock after buying an additional 50,153 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.19% of Omnicom Group worth $32,411,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OMC. ST Germain D J Co. Inc. purchased a new position in shares of Omnicom Group during the 4th quarter worth approximately $25,000. Versant Capital Management Inc boosted its position in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after purchasing an additional 271 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Omnicom Group during the 3rd quarter worth approximately $33,000. Davis Capital Management purchased a new position in shares of Omnicom Group during the 3rd quarter worth approximately $36,000. Finally, HM Payson & Co. boosted its position in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock worth $38,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Down 0.5 %

Shares of OMC traded down $0.43 during midday trading on Wednesday, reaching $86.16. The stock had a trading volume of 1,971,755 shares, compared to its average volume of 2,347,450. Omnicom Group Inc. has a 1-year low of $81.42 and a 1-year high of $107.00. The company's fifty day simple moving average is $92.57 and its two-hundred day simple moving average is $96.53. The company has a market cap of $16.81 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.86 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were issued a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.25%. Omnicom Group's payout ratio is 38.25%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OMC shares. JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Wells Fargo & Company reduced 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 report on Tuesday, December 10th. Macquarie reiterated an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays increased their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Finally, UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $110.00.

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.