Omnicom Group’s (OMC) “Buy” Rating Reiterated at Citigroup

Citigroup reaffirmed their buy rating on shares of Omnicom Group (NYSE:OMC) in a research report report published on Tuesday, MarketBeat Ratings reports. They currently have a $103.00 price objective on the business services provider’s stock.

A number of other brokerages have also weighed in on OMC. JPMorgan Chase & Co. cut their price objective 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. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Barclays reduced their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, UBS Group decreased their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $101.29.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $73.16 on Tuesday. Omnicom Group has a twelve month low of $69.13 and a twelve month high of $107.00. The stock 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. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm’s 50 day moving average price is $79.76 and its 200-day moving average price is $89.68.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. Equities research analysts expect that Omnicom Group will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were issued a $0.70 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.83%. Omnicom Group’s payout ratio is 37.58%.

Hedge Funds Weigh In On Omnicom Group

A number of hedge funds have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of Omnicom Group by 1.7% during the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after purchasing an additional 13,637 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Omnicom Group in the third quarter valued at approximately $498,000. Sanctuary Advisors LLC raised its holdings in shares of Omnicom Group by 33.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,551 shares of the business services provider’s stock worth $1,797,000 after acquiring an additional 4,423 shares during the period. World Investment Advisors LLC raised its stake in Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after purchasing an additional 17,815 shares during the period. Finally, Arvest Bank Trust Division acquired a new position in Omnicom Group in the third quarter valued at approximately $21,191,000. Hedge funds and other 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.