Omnicom Group (NYSE:OMC) Reaches New 1-Year Low - Here's Why

Omnicom Group Inc. (NYSE:OMC - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $80.82 and last traded at $80.71, with a volume of 71151 shares. The stock had previously closed at $82.41.

Analyst Ratings Changes

A number of research firms have recently issued reports on OMC. Wells Fargo & Company cut their price objective on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday. Barclays decreased their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. cut their price target on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Finally, Macquarie reiterated an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $108.25.

Omnicom Group Trading Up 0.4 %

The stock has a fifty day moving average of $86.29 and a 200 day moving average of $95.54. The company has a market capitalization of $16.17 billion, a P/E ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS 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 quarter in the previous year, the firm earned $2.20 EPS. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 8.32 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.40%. Omnicom Group's dividend payout ratio is presently 37.58%.

Institutional Investors Weigh In On Omnicom Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning grew its position in shares of Omnicom Group by 1.4% during the third quarter. Creative Planning now owns 59,611 shares of the business services provider's stock valued at $6,163,000 after purchasing an additional 808 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Omnicom Group by 4.3% during the third quarter. Global Retirement Partners LLC now owns 16,759 shares of the business services provider's stock valued at $1,733,000 after purchasing an additional 684 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of Omnicom Group by 5.1% during the third quarter. Bleakley Financial Group LLC now owns 19,804 shares of the business services provider's stock valued at $2,048,000 after purchasing an additional 963 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Omnicom Group by 13.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,046 shares of the business services provider's stock valued at $3,106,000 after purchasing an additional 3,540 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of Omnicom Group by 4.6% during the third quarter. V Square Quantitative Management LLC now owns 4,794 shares of the business services provider's stock valued at $496,000 after purchasing an additional 210 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

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.