Brokerages Set Omnicom Group Inc. (NYSE:OMC) Target Price at $103.40

Shares of Omnicom Group Inc. (NYSE:OMC) have earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $103.40.

Several analysts have weighed in on OMC shares. Moffett Nathanson boosted their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. lifted their target price on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. UBS Group started coverage on Omnicom Group in a research report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price target on the stock. Finally, Barclays lifted their price objective on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th.

Omnicom Group Trading Up 0.1 %

Shares of Omnicom Group stock opened at $92.75 on Thursday. Omnicom Group has a 12-month low of $72.20 and a 12-month high of $99.23. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The company has a 50-day simple moving average of $92.93 and a 200 day simple moving average of $86.71. The stock has a market capitalization of $18.16 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. During the same period last year, the company earned $2.09 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts expect that Omnicom Group will post 7.81 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 3.02%. Omnicom Group’s dividend payout ratio is presently 37.84%.

Insider Buying and Selling at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the transaction, the director now directly owns 9,753 shares in the company, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Omnicom Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC raised its holdings in shares of Omnicom Group by 1.5% in the third quarter. Commonwealth Equity Services LLC now owns 87,056 shares of the business services provider’s stock valued at $6,484,000 after purchasing an additional 1,258 shares during the last quarter. Xponance Inc. lifted its position in Omnicom Group by 8.1% during the 3rd quarter. Xponance Inc. now owns 27,852 shares of the business services provider’s stock worth $2,074,000 after buying an additional 2,081 shares in the last quarter. Tectonic Advisors LLC bought a new stake in Omnicom Group during the 3rd quarter worth about $273,000. Strategic Investment Advisors MI boosted its stake in shares of Omnicom Group by 6.8% during the 3rd quarter. Strategic Investment Advisors MI now owns 20,114 shares of the business services provider’s stock worth $1,498,000 after buying an additional 1,278 shares during the last quarter. Finally, Forsta AP Fonden grew its holdings in shares of Omnicom Group by 11.0% in the 3rd quarter. Forsta AP Fonden now owns 53,600 shares of the business services provider’s stock valued at $3,992,000 after acquiring an additional 5,300 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

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.