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

Omnicom Group Inc. (NYSE:OMC) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $104.43.

Several research firms have commented on OMC. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group lowered their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Barclays dropped their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OMC. Summit Trail Advisors LLC increased its holdings in Omnicom Group by 1.8% in the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock worth $683,000 after acquiring an additional 113 shares in the last quarter. Sompo Asset Management Co. Ltd. increased its stake in shares of Omnicom Group by 3.5% during the third quarter. Sompo Asset Management Co. Ltd. now owns 3,870 shares of the business services provider’s stock worth $400,000 after purchasing an additional 130 shares in the last quarter. Center For Asset Management LLC increased its stake in shares of Omnicom Group by 3.3% during the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock worth $389,000 after purchasing an additional 146 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Omnicom Group by 13.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock valued at $105,000 after buying an additional 147 shares in the last quarter. Finally, MGO One Seven LLC boosted its holdings in Omnicom Group by 3.2% in the 4th quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider’s stock worth $437,000 after buying an additional 157 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Trading Down 0.7 %

Shares of 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 stock has a market cap 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 business has a 50-day moving average price of $83.34 and a 200-day moving average price of $92.65.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating 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 quarter in the previous year, the business posted $2.20 earnings per share. Equities analysts predict that Omnicom Group will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend 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%.

Omnicom Group Company Profile

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.