Brokerages Set Omnicom Group Inc. (NYSE:OMC) PT at $105.75

Shares of Omnicom Group Inc. (NYSE:OMC - Get Free Report) have been given an average rating of "Hold" by the nine brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $105.75.

A number of equities analysts have issued reports on the company. UBS Group reduced their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Barclays reduced their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, 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 report on Tuesday, December 10th.

Institutional Trading of Omnicom Group

A number of institutional investors have recently modified their holdings of OMC. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc grew its stake in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after acquiring an additional 271 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Johnson Financial Group Inc. lifted its position in shares of Omnicom Group by 153.8% in the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in Omnicom Group by 708.8% during the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after purchasing an additional 404 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

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Omnicom Group Trading Up 1.2 %

NYSE OMC traded up $0.95 during trading hours on Friday, hitting $80.38. The company's stock had a trading volume of 2,869,420 shares, compared to its average volume of 1,920,253. The stock has a fifty day moving average of $83.53 and a 200 day moving average of $92.81. 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 twelve month low of $78.69 and a twelve month high of $107.00. The firm has a market capitalization of $15.79 billion, a P/E ratio of 10.79, a PEG ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the company posted $2.20 EPS. Equities research analysts forecast that Omnicom Group will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

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.