Omnicom Group Inc. (NYSE:OMC) Receives $108.25 Consensus Price Target from Analysts

Shares of Omnicom Group Inc. (NYSE:OMC - Get Free Report) have received an average rating of "Moderate Buy" from the eight research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $108.25.

Several brokerages recently commented on OMC. Macquarie reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. UBS Group boosted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Wells Fargo & Company dropped their target price on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. Finally, Barclays dropped their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th.

Institutional Investors Weigh In On Omnicom Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider's stock worth $1,468,615,000 after purchasing an additional 759,980 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock worth $525,960,000 after buying an additional 72,447 shares during the period. Barclays PLC grew its holdings in shares of Omnicom Group by 1.7% during the third quarter. Barclays PLC now owns 819,613 shares of the business services provider's stock worth $84,741,000 after buying an additional 13,637 shares in the last quarter. Bank of Montreal Can raised its position in Omnicom Group by 23.6% in the 3rd quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider's stock valued at $72,465,000 after buying an additional 134,927 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Omnicom Group by 16.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider's stock valued at $71,878,000 after acquiring an additional 97,661 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

Shares of NYSE OMC traded up $0.11 during mid-day trading on Friday, hitting $86.63. The company had a trading volume of 4,052,260 shares, compared to its average volume of 1,962,685. The business's 50-day simple moving average is $90.36 and its 200-day simple moving average is $96.20. 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 has a 12 month low of $81.42 and a 12 month high of $107.00. The firm has a market cap of $16.90 billion, a P/E ratio of 11.83, a PEG ratio of 1.90 and a beta of 0.98.

Omnicom Group Announces Dividend

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

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.