Brokerages Set Omnicom Group Inc. (NYSE:OMC) Target Price at $102.00

Omnicom Group Inc. (NYSE:OMC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $101.29.

Several analysts have issued reports on the company. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Barclays lowered their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday. UBS Group dropped their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Wells Fargo & Company decreased their price target on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research note on Wednesday.

Hedge Funds Weigh In On Omnicom Group

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in shares of Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after buying an additional 143 shares during the last quarter. Center For Asset Management LLC increased its holdings in shares of Omnicom Group by 3.3% during the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock valued at $389,000 after purchasing an additional 146 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Omnicom Group by 13.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock worth $105,000 after buying an additional 147 shares in the last quarter. MGO One Seven LLC increased its holdings in Omnicom Group by 3.2% in the 4th quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock worth $437,000 after acquiring an additional 157 shares in the last quarter. Finally, Mezzasalma Advisors LLC boosted its position in Omnicom Group by 3.1% during the first quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider's stock worth $443,000 after acquiring an additional 159 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

Shares of Omnicom Group stock traded up $1.92 during trading on Thursday, hitting $73.16. 3,692,159 shares of the company's stock traded hands, compared to its average volume of 2,174,802. Omnicom Group has a 1 year low of $69.13 and a 1 year high of $107.00. The business has a 50-day simple moving average of $79.57 and a 200-day simple moving average of $89.47. The stock has a market capitalization of $14.38 billion, a P/E ratio of 9.82, a PEG ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The business 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 forecast that Omnicom Group will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio is presently 38.30%.

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.