Shares of Omnicom Group Inc. (NYSE:OMC - Get Free Report) saw unusually-high trading volume on Friday . Approximately 5,750,856 shares traded hands during mid-day trading, an increase of 220% from the previous session's volume of 1,797,549 shares.The stock last traded at $84.79 and had previously closed at $82.62.
Analysts Set New Price Targets
OMC has been the topic of a number of recent analyst reports. Barclays decreased 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. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Wells Fargo & Company decreased their target price on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 10th. Macquarie reaffirmed an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.25.
Read Our Latest Stock Report on OMC
Omnicom Group Trading Up 2.8 %
The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market cap of $16.68 billion, a P/E ratio of 11.40, a PEG ratio of 1.94 and a beta of 0.98. The firm's 50 day moving average is $84.42 and its two-hundred day moving average is $94.33.
Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the business earned $2.20 EPS. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.
Omnicom Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.30%. Omnicom Group's dividend payout ratio is 37.58%.
Institutional Trading of Omnicom Group
Several institutional investors have recently modified their holdings of OMC. ST Germain D J Co. Inc. acquired a new position in Omnicom Group in the fourth quarter valued at $25,000. Versant Capital Management Inc lifted its holdings in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after buying an additional 271 shares during the period. Venturi Wealth Management LLC lifted its holdings in 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 buying an additional 195 shares during the period. Johnson Financial Group Inc. lifted its holdings in Omnicom Group by 153.8% in the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after buying an additional 200 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after buying an additional 404 shares during the period. Institutional investors own 91.97% of the company's stock.
Omnicom Group Company Profile
(
Get Free Report)
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.
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