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

Omnicom Group (NYSE:OMC - Free Report) had its price objective cut by Barclays from $110.00 to $105.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the business services provider's stock.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Citigroup reissued a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. UBS Group cut their price objective 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. Finally, Wells Fargo & Company cut their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $101.29.

Omnicom Group Price Performance

Shares of OMC stock traded up $1.16 during trading on Thursday, hitting $73.25. The company had a trading volume of 2,664,376 shares, compared to its average volume of 2,177,271. 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 has a 52 week low of $69.13 and a 52 week high of $107.00. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The stock's 50-day moving average is $79.39 and its two-hundred day moving average is $89.10.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share 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%. As a group, analysts predict that Omnicom Group will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.70 per share. 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 3.82%. Omnicom Group's dividend payout ratio is presently 38.30%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OMC. Vanguard Group Inc. boosted its stake in Omnicom Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock worth $1,982,518,000 after purchasing an additional 99,424 shares during the period. Bank of New York Mellon Corp grew its holdings in Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock valued at $577,732,000 after purchasing an additional 156,438 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Omnicom Group by 50.1% in 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 purchasing an additional 1,992,695 shares during the period. Geode Capital Management LLC grew its position in Omnicom Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock valued at $442,453,000 after acquiring an additional 51,148 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Omnicom Group by 23.8% in the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock worth $334,076,000 after purchasing an additional 747,575 shares during the last quarter. Institutional investors own 91.97% of the company's stock.

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.