Barclays Issues Pessimistic Forecast for Omnicom Group (NYSE:OMC) Stock Price

Omnicom Group (NYSE:OMC - Free Report) had its price objective trimmed by Barclays from $121.00 to $110.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the business services provider's stock.

A number of other equities analysts also recently commented on the company. Wells Fargo & Company dropped their price objective on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. Macquarie restated an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Finally, UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.63.

Omnicom Group Trading Up 0.5 %

Shares of OMC stock traded up $0.45 during trading hours on Friday, reaching $86.60. 2,110,105 shares of the stock traded hands, compared to its average volume of 1,773,327. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $16.90 billion, a PE ratio of 11.83, a PEG ratio of 1.88 and a beta of 0.98. Omnicom Group has a 1-year low of $81.42 and a 1-year high of $107.00. The business has a fifty day moving average price of $91.65 and a 200 day moving average price of $96.37.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.23%. Omnicom Group's dividend payout ratio (DPR) is currently 38.25%.

Institutional Investors Weigh In On Omnicom Group

A number of institutional investors have recently added to or reduced their stakes in OMC. Renaissance Technologies LLC acquired a new position in Omnicom Group in the second quarter valued at about $1,606,000. ProShare Advisors LLC boosted its holdings in shares of Omnicom Group by 5.8% in the 2nd quarter. ProShare Advisors LLC now owns 37,980 shares of the business services provider's stock worth $3,407,000 after acquiring an additional 2,097 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Omnicom Group by 30.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 588 shares of the business services provider's stock worth $58,000 after acquiring an additional 138 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in Omnicom Group by 70.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,622 shares of the business services provider's stock valued at $684,000 after purchasing an additional 3,159 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Omnicom Group by 58.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 37,509 shares of the business services provider's stock valued at $3,365,000 after purchasing an additional 13,877 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

About Omnicom Group

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.