Omnicom Group (NYSE:OMC) Trading Up 4.6% – Still a Buy?

Omnicom Group Inc. (NYSE:OMC) shares were up 4.6% on Monday . The company traded as high as $88.63 and last traded at $88.89. Approximately 1,967,386 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 1,805,867 shares. The stock had previously closed at $85.00.

Wall Street Analyst Weigh In

OMC has been the subject of a number of analyst reports. Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. decreased their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Wells Fargo & Company dropped their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Finally, Macquarie reiterated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Trading Up 0.7 %

The stock has a market capitalization of $16.82 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $84.42 and a 200-day moving average price of $94.33.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter last year, the business earned $2.20 earnings per share. As a group, equities analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake 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 valued at $513,922,000 after purchasing an additional 1,992,695 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Omnicom Group in the 4th quarter worth $150,819,000. FMR LLC raised its position in shares of Omnicom Group by 250.1% during 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 acquiring an additional 1,027,567 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Omnicom Group during the 4th quarter worth $79,321,000. 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.