<div id="readability-page-1"><p>ProVise Management Group LLC lifted its position in  Omnicom Group Inc. (NYSE:OMC - Free Report) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor  owned 132,430 shares of the business services provider's stock after buying an additional 12,787 shares during the quarter. ProVise Management Group LLC owned approximately 0.07% of Omnicom Group worth $10,797,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Omnicom Group</strong> alerts:</span></p></div><ul><li>High Yield Revival: 3 Cash-Rich Dividend Payers on Sale</li></ul><p>A number of other large investors also recently modified their holdings of the company. First Eagle Investment Management LLC bought a new stake in  Omnicom Group during the 3rd quarter worth approximately $515,145,000.  JPMorgan Chase &amp; Co. boosted its holdings in  Omnicom Group by 117.9% in the 2nd quarter. JPMorgan Chase &amp; Co. now owns 6,213,705 shares of the business services provider's stock valued at $447,017,000 after purchasing an additional 3,362,411 shares during the period.  Bank of New York Mellon Corp grew its position in shares of  Omnicom Group by 73.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider's stock valued at $542,376,000 after purchasing an additional 2,820,553 shares in the last quarter.  Charles Schwab Investment Management Inc. grew its position in shares of  Omnicom Group by 38.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider's stock valued at $324,782,000 after purchasing an additional 1,255,197 shares in the last quarter.  Finally, Qube Research &amp; Technologies Ltd bought a new position in shares of  Omnicom Group in the second quarter worth $67,048,000. 91.97% of the stock is currently owned by institutional investors. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of equities research analysts recently issued reports on OMC shares. Weiss Ratings  reiterated a &#34;hold (c)&#34; rating on shares of Omnicom Group in a research report on Thursday, January 22nd. Citigroup upped their target price on Omnicom Group from $103.00 to $115.00 and gave the stock a &#34;buy&#34; rating in a research note on Friday, February 20th. Barclays raised their price target on Omnicom Group from $82.00 to $90.00 and gave the company an &#34;equal weight&#34; rating in a report on Monday, February 23rd. Morgan Stanley started coverage on Omnicom Group in a research report on Tuesday, December 16th. They set an &#34;equal weight&#34; rating and a $88.00 price target for the company. Finally, Bank of America  reissued an &#34;underperform&#34; rating and set a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one  has assigned  a Sell rating to the company. According to data from MarketBeat, Omnicom Group currently has a consensus rating of &#34;Hold&#34; and an average price target of $95.00.</p><p><b>Read Our Latest Report on OMC</b></p><h2>Omnicom Group Stock Performance</h2><p>Omnicom Group stock opened at $84.90 on Monday. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $89.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.93. The stock has a market cap of $26.35 billion, a P/E ratio of 173.27, a price-to-earnings-growth ratio of 0.81 and a beta of 0.71. The firm's fifty day moving average price is $77.83 and its 200-day moving average price is $77.05. </p><p>Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.94 by ($0.35). Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.The firm's revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 earnings per share.  On average, equities research analysts expect that  Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year. </p><h2>Omnicom Group Dividend Announcement</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, March 11th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, March 11th. Omnicom Group's dividend payout ratio  is presently 653.06%. </p><p>Omnicom Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 18th that permits the company to buyback $5.00 billion in  outstanding  shares. This buyback authorization permits the business services provider to repurchase up to 38.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued. </p><h2>Omnicom Group Company Profile</h2> (Free Report)<p>Omnicom Group Inc <span>NYSE: OMC<span></span></span> 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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Omnicom Group</li><li>The gold chart Wall Street is terrified of…</li><li>America’s 1776 happening again</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>Elon Musk already made me a “wealthy man”</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><strong>Want to see what other hedge funds are holding OMC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc. (NYSE:OMC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9NQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9NQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Omnicom Group Right Now?</h2><p>Before you consider Omnicom Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Omnicom Group wasn't on the list.</p><p>While Omnicom Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>ProVise Management Group LLC increased its stake in Omnicom Group Inc. by 10.7% in Q3, acquiring 12,787 shares, bringing its total to 132,430 shares valued at approximately $10.8 million. Other institutional investors also adjusted their holdings, with significant increases from First Eagle Investment Management and JPMorgan Chase. Analysts have mixed ratings on Omnicom Group, with a consensus rating of "Hold" and an average price target of $95. The company recently reported earnings of $2.59 per share, missing estimates, and announced a quarterly dividend of $0.80, yielding 3.8%.</p>

ProVise Management Group LLC Buys 12,787 Shares of Omnicom Group Inc. $OMC