Brokerages Set Omnicom Group Inc. (NYSE:OMC) Target Price at $101.29

Shares of Omnicom Group Inc. (NYSE:OMC - Get Free Report) have been given an average rating of "Moderate Buy" by the eight analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $101.29.

Several research firms have commented on OMC. Barclays cut their price target on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company cut their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Citigroup restated a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, UBS Group reduced 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.

Institutional Trading of Omnicom Group

Hedge funds have recently modified their holdings of the stock. Fort Washington Investment Advisors Inc. OH grew its holdings in 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 worth $32,411,000 after acquiring an additional 50,153 shares during the period. Avanza Fonder AB acquired a new stake in shares of Omnicom Group during the fourth quarter worth $1,544,000. Compagnie Lombard Odier SCmA bought a new stake in Omnicom Group in the fourth quarter valued at about $366,000. Meyer Handelman Co. lifted its stake in Omnicom Group by 15.9% in the fourth quarter. Meyer Handelman Co. now owns 190,314 shares of the business services provider's stock valued at $16,375,000 after buying an additional 26,073 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its stake in Omnicom Group by 46.0% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider's stock valued at $42,634,000 after buying an additional 156,173 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

Shares of Omnicom Group stock traded down $0.11 during midday trading on Monday, hitting $77.49. The company had a trading volume of 1,646,901 shares, compared to its average volume of 2,229,298. The stock has a market cap of $15.12 billion, a PE ratio of 10.40, a P/E/G ratio of 1.94 and a beta of 0.95. Omnicom Group has a 1-year low of $69.13 and a 1-year high of $107.00. The business's 50 day simple moving average is $77.36 and its two-hundred day simple moving average is $86.29. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. As a group, equities analysts predict that Omnicom Group will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is currently 38.30%.

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.