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

Omnicom Group Inc. (NYSE:OMC) has been assigned an average rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $104.43.

A number of research analysts have recently commented on the company. 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. Argus downgraded 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 Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Barclays cut their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company decreased 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 report on Tuesday, December 10th.

Omnicom Group Stock Down 0.7 %

NYSE OMC opened at $80.61 on Friday. 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 52 week low of $78.69 and a 52 week high of $107.00. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.94 and a beta of 0.98. The company has a fifty day moving average of $83.34 and a two-hundred day moving average of $92.65.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm posted $2.20 earnings per share. On average, analysts predict that Omnicom Group will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s payout ratio is currently 37.58%.

Institutional Trading of Omnicom Group

Hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in Omnicom Group by 50.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock worth $513,922,000 after purchasing an additional 1,992,695 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Omnicom Group in the 4th quarter worth $150,819,000. FMR LLC grew its stake in Omnicom Group by 250.1% during the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider’s stock worth $172,987,000 after buying an additional 1,436,231 shares during the last quarter. JPMorgan Chase & Co. increased 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 valued at $184,730,000 after buying an additional 1,027,567 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Omnicom Group during the 4th quarter valued at about $79,321,000. 91.97% of the stock is owned by hedge funds and other 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.