Analysts Set Omnicom Group Inc. (NYSE:OMC) Target Price at $110.00

Omnicom Group Inc. (NYSE:OMC) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. 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. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $110.00.

OMC has been the subject of a number of research reports. Macquarie reissued an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. UBS Group boosted their target price on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company cut their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Finally, Barclays lifted their price objective on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th.

Omnicom Group Stock Down 2.5 %

Shares of NYSE:OMC opened at $82.07 on Tuesday. Omnicom Group has a 1 year low of $81.66 and a 1 year high of $107.00. The company has a market capitalization of $16.01 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The business has a fifty day moving average price of $95.20 and a two-hundred day moving average price of $96.66. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the business earned $1.86 earnings per share. Analysts forecast that Omnicom Group will post 7.94 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.41%. Omnicom Group’s payout ratio is 38.25%.

Insiders Place Their Bets

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. This represents a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OMC. National Bank of Canada FI increased its stake in Omnicom Group by 23.3% in the 2nd quarter. National Bank of Canada FI now owns 55,959 shares of the business services provider’s stock worth $4,907,000 after acquiring an additional 10,592 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Omnicom Group by 3.2% in the second quarter. Victory Capital Management Inc. now owns 513,349 shares of the business services provider’s stock worth $46,047,000 after purchasing an additional 16,078 shares during the last quarter. Private Advisor Group LLC raised its stake in Omnicom Group by 4.3% in the second quarter. Private Advisor Group LLC now owns 12,238 shares of the business services provider’s stock valued at $1,098,000 after purchasing an additional 502 shares in the last quarter. Candriam S.C.A. lifted its position in Omnicom Group by 29.8% during the second quarter. Candriam S.C.A. now owns 75,218 shares of the business services provider’s stock valued at $6,747,000 after purchasing an additional 17,287 shares during the last quarter. Finally, Caprock Group LLC grew its stake in Omnicom Group by 137.6% in the 2nd quarter. Caprock Group LLC now owns 14,007 shares of the business services provider’s stock worth $1,266,000 after buying an additional 8,113 shares in the last quarter. 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.