Omnicom Group Inc. (NYSE:OMC) Receives $108.89 Consensus Target Price from Brokerages

Omnicom Group Inc. (NYSE:OMC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nine brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $108.89.

A number of research analysts have recently issued reports on OMC shares. Macquarie reissued an "outperform" rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday. Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday. UBS Group raised their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Bank of America boosted their target price on Omnicom Group from $87.00 to $89.00 and gave the company an "underperform" rating in a research report on Thursday, September 5th. Finally, Barclays raised their price objective on Omnicom Group from $110.00 to $121.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th.

Omnicom Group Trading Up 0.2 %

Shares of Omnicom Group stock traded up $0.16 during midday trading on Friday, reaching $90.32. The company had a trading volume of 2,083,135 shares, compared to its average volume of 1,606,531. The stock has a fifty day moving average price of $101.81 and a 200 day moving average price of $97.24. Omnicom Group has a fifty-two week low of $83.65 and a fifty-two week high of $107.00. The firm has a market cap of $17.62 billion, a PE ratio of 12.34, a P/E/G ratio of 2.07 and a beta of 0.94. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the firm posted $1.86 EPS. On average, equities analysts anticipate that Omnicom Group will post 7.92 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be paid a $0.70 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.10%. Omnicom Group's payout ratio is 38.25%.

Insider Activity at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the company's stock in a transaction on Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the transaction, the chief accounting officer now owns 23,545 shares in the company, valued at $2,479,053.05. This represents a 14.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Omnicom Group

Large investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. lifted its holdings in Omnicom Group by 4.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,302 shares of the business services provider's stock valued at $1,193,000 after purchasing an additional 510 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Omnicom Group by 3,657.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 107,550 shares of the business services provider's stock valued at $9,647,000 after buying an additional 104,688 shares in the last quarter. Blue Trust Inc. boosted its holdings in Omnicom Group by 159.4% in the 2nd quarter. Blue Trust Inc. now owns 1,209 shares of the business services provider's stock worth $117,000 after buying an additional 743 shares during the period. Gradient Investments LLC grew its stake in Omnicom Group by 15,916.7% in the 2nd quarter. Gradient Investments LLC now owns 961 shares of the business services provider's stock valued at $86,000 after buying an additional 955 shares in the last quarter. Finally, Boston Trust Walden Corp raised its holdings in Omnicom Group by 8.2% during the 2nd quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider's stock valued at $16,723,000 after acquiring an additional 14,153 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

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.