Omnicom Group (NYSE:OMC) Trading Down 5.5% on Analyst Downgrade

Omnicom Group Inc. (NYSE:OMC - Get Free Report)'s share price traded down 5.5% on Wednesday after Barclays lowered their price target on the stock from $110.00 to $105.00. Barclays currently has an overweight rating on the stock. Omnicom Group traded as low as $72.64 and last traded at $72.64. 2,320,265 shares traded hands during trading, an increase of 8% from the average session volume of 2,158,114 shares. The stock had previously closed at $76.83.

Other equities analysts also recently issued reports about the company. UBS Group reduced their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company decreased 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. Citigroup reaffirmed a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.

Institutional Investors Weigh In On Omnicom Group

A number of hedge funds have recently made changes to their positions in OMC. Massachusetts Financial Services Co. MA boosted its position in Omnicom Group by 50.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock worth $513,922,000 after acquiring an additional 1,992,695 shares during the period. Castlekeep Investment Advisors LLC bought a new position in Omnicom Group in the 4th quarter valued at about $150,819,000. FMR LLC boosted its holdings in shares of Omnicom Group by 250.1% in the fourth quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock valued at $172,987,000 after acquiring an additional 1,436,231 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Omnicom Group by 91.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock worth $184,730,000 after purchasing an additional 1,027,567 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Omnicom Group in the fourth quarter worth approximately $79,321,000. Institutional investors own 91.97% of the company's stock.

Omnicom Group Price Performance

The company has a 50 day moving average of $79.57 and a two-hundred day moving average of $89.31. The firm 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. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

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

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.88%. 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.