Omnicom Group Inc. (NYSE:OMC) Given Average Recommendation of “Hold” by Brokerages

Shares of Omnicom Group Inc. (NYSE:OMC) have received an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $93.25.

OMC has been the subject of a number of analyst reports. Morgan Stanley decreased their target price on shares of Omnicom Group from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Monday, October 16th. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, October 6th. Macquarie lowered their price target on shares of Omnicom Group from $96.00 to $82.00 in a research report on Tuesday, October 10th. StockNews.com initiated coverage on shares of Omnicom Group in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Citigroup reduced their price target on shares of Omnicom Group from $113.00 to $112.00 and set a “buy” rating on the stock in a research note on Thursday, October 19th.

Insider Activity

In related news, CAO Andrew Castellaneta sold 3,300 shares of Omnicom Group stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $76.57, for a total value of $252,681.00. Following the completion of the sale, the chief accounting officer now owns 30,014 shares in the company, valued at $2,298,171.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Andrew Castellaneta sold 3,300 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $76.57, for a total transaction of $252,681.00. Following the completion of the transaction, the chief accounting officer now owns 30,014 shares of the company’s stock, valued at $2,298,171.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 467 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $80.24, for a total transaction of $37,472.08. Following the completion of the sale, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $769,581.84. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Trading of Omnicom Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich boosted its position in Omnicom Group by 100,409.5% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,955,985 shares of the business services provider’s stock worth $281,262,000 after purchasing an additional 2,953,044 shares during the period. First Trust Advisors LP grew its holdings in shares of Omnicom Group by 683.2% during the first quarter. First Trust Advisors LP now owns 2,957,307 shares of the business services provider’s stock worth $251,016,000 after purchasing an additional 2,579,717 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Omnicom Group by 372.3% during the first quarter. Envestnet Asset Management Inc. now owns 3,218,693 shares of the business services provider’s stock worth $66,038,000 after purchasing an additional 2,537,136 shares during the last quarter. Boston Partners boosted its holdings in Omnicom Group by 414.5% in the second quarter. Boston Partners now owns 3,062,901 shares of the business services provider’s stock valued at $289,324,000 after acquiring an additional 2,467,632 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Omnicom Group by 38.6% in the second quarter. Bank of New York Mellon Corp now owns 3,426,064 shares of the business services provider’s stock valued at $325,990,000 after acquiring an additional 953,613 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Omnicom Group Stock Performance

Omnicom Group stock opened at $75.66 on Thursday. The company has a market cap of $14.98 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 2.15 and a beta of 0.93. Omnicom Group has a twelve month low of $72.20 and a twelve month high of $99.23. The company’s 50-day moving average price is $75.93 and its 200-day moving average price is $84.56. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 1.47.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.86 EPS for the quarter, beating the consensus estimate of $1.84 by $0.02. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.55 billion. Omnicom Group had a net margin of 9.62% and a return on equity of 40.01%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 EPS. On average, equities research analysts forecast that Omnicom Group will post 7.39 EPS for the current fiscal year.

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 brand consulting, experiential, execution and support, public relations, and healthcare.