Omnicom Group (NYSE:OMC) Given "Buy" Rating at Citigroup

Citigroup reiterated their buy rating on shares of Omnicom Group (NYSE:OMC - Free Report) in a research report report published on Tuesday morning, Marketbeat.com reports. They currently have a $103.00 target price on the business services provider's stock.

OMC has been the topic of a number of other reports. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. decreased 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. Barclays dropped their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Finally, UBS Group lowered their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. One research 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's stock. According to data from MarketBeat, Omnicom Group has a consensus rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Trading Up 2.7 %

NYSE:OMC traded up $1.92 during trading hours on Tuesday, hitting $73.16. The company had a trading volume of 3,692,159 shares, compared to its average volume of 2,173,984. 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 stock has a 50-day moving average price of $79.57 and a 200 day moving average price of $89.39. The company has a market capitalization of $14.38 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. Omnicom Group has a 52 week low of $69.13 and a 52 week high of $107.00.

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

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.83%. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

Institutional Investors Weigh In On Omnicom Group

Hedge funds have recently modified their holdings of the business. ST Germain D J Co. Inc. bought a new position in shares of Omnicom Group in the fourth quarter worth about $25,000. Versant Capital Management Inc increased its holdings in Omnicom Group by 645.2% in 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 stake in Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after acquiring an additional 195 shares during the period. Johnson Financial Group Inc. boosted 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 during the period. Finally, CoreCap Advisors LLC raised its position in shares of Omnicom Group by 708.8% during the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after purchasing an additional 404 shares during the period. Institutional investors own 91.97% of the company's stock.

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.