Omnicom Group (NYSE:OMC) Sees Large Volume Increase - What's Next?

Omnicom Group Inc. (NYSE:OMC - Get Free Report) saw an uptick in trading volume on Thursday . 6,224,924 shares were traded during mid-day trading, an increase of 161% from the previous session's volume of 2,382,000 shares.The stock last traded at $71.96 and had previously closed at $73.30.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Wells Fargo & Company dropped their target price on shares of 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. UBS Group dropped their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Finally, Barclays dropped their price target on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Omnicom Group presently has an average rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Price Performance

The firm has a market capitalization of $13.88 billion, a PE ratio of 9.55, a P/E/G ratio of 1.94 and a beta of 0.93. The company has a fifty day moving average price of $74.33 and a two-hundred day moving average price of $82.20. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

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

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders 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 yield of 3.94%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's payout ratio is currently 38.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Robinson Value Management Ltd. increased its position in Omnicom Group by 0.4% during the first quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider's stock worth $2,837,000 after buying an additional 139 shares in the last quarter. Versant Capital Management Inc increased its position 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 worth $38,000 after purchasing an additional 143 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Omnicom Group by 13.6% during 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 raised its stake in Omnicom Group by 3.2% in the 4th 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 during the last quarter. Finally, Mezzasalma Advisors LLC lifted its holdings in Omnicom Group by 3.1% in the 1st quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider's stock valued at $443,000 after purchasing an additional 159 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

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.

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