Omnicom Group Inc. (NYSE:OMC) Given Average Recommendation of "Moderate Buy" by Analysts

Omnicom Group Inc. (NYSE:OMC - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $101.29.

A number of analysts recently commented on the company. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Citigroup reiterated a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. Barclays reduced their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company lowered their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th.

Institutional Trading of Omnicom Group

Institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc grew its holdings in Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after buying an additional 143 shares in the last quarter. Center For Asset Management LLC increased its holdings in Omnicom Group by 3.3% in the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock valued at $389,000 after acquiring an additional 146 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Omnicom Group by 13.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock worth $105,000 after purchasing an additional 147 shares in the last quarter. MGO One Seven LLC grew its position in shares of Omnicom Group by 3.2% during the fourth quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock valued at $437,000 after purchasing an additional 157 shares in the last quarter. Finally, Mezzasalma Advisors LLC lifted its position in shares of Omnicom Group by 3.1% in the first quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider's stock worth $443,000 after buying an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

NYSE:OMC traded down $1.10 during mid-day trading on Thursday, reaching $72.14. The company's stock had a trading volume of 2,508,702 shares, compared to its average volume of 2,175,324. The firm's fifty day moving average price is $79.39 and its two-hundred day moving average price is $89.10. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock has a market cap of $14.18 billion, a P/E ratio of 9.68, a PEG ratio of 1.94 and a beta of 0.87. Omnicom Group has a 12-month low of $69.13 and a 12-month high of $107.00.

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

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were given a $0.70 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.88%. Omnicom Group's payout ratio is 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.