Omnicom Group (NYSE:OMC) Trading Down 5.5% on Analyst Downgrade

Omnicom Group Inc. (NYSE:OMC - Get Free Report)'s share price fell 5.5% on Wednesday after Barclays lowered their price target on the stock from $110.00 to $105.00. Barclays currently has an overweight rating on the stock. Omnicom Group traded as low as $72.64 and last traded at $72.64. 2,320,265 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 2,158,114 shares. The stock had previously closed at $76.83.

Several other equities research analysts also recently issued reports on OMC. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday. UBS Group reduced their price target 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. Citigroup restated a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday. Finally, Wells Fargo & Company decreased their price objective on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $101.29.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its stake in shares of Omnicom Group by 50.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock worth $513,922,000 after acquiring an additional 1,992,695 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Omnicom Group during the fourth quarter worth $150,819,000. FMR LLC raised its holdings in Omnicom Group by 250.1% in the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock valued at $172,987,000 after buying an additional 1,436,231 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Omnicom Group by 91.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock worth $184,730,000 after buying an additional 1,027,567 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Omnicom Group during the 4th quarter worth approximately $79,321,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Up 2.7 %

The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The business's fifty day moving average price is $79.57 and its 200 day moving average price is $89.39.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. Research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.83%. Omnicom Group's payout ratio is currently 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.