Brokerages Set Omnicom Group Inc. (NYSE:OMC) Target Price at $103.40

Omnicom Group Inc. (NYSE:OMC) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $103.40.

Several research firms have recently weighed in on OMC. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Moffett Nathanson raised their target price on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $91.00 to $106.00 in a research note on Wednesday, April 17th. Finally, Macquarie raised their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd.

Insider Activity at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the sale, the director now owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Omnicom Group

Hedge funds and other institutional investors have recently modified their holdings of the business. OFI Invest Asset Management purchased a new position in Omnicom Group in the third quarter worth $25,000. HHM Wealth Advisors LLC bought a new stake in shares of Omnicom Group during the 4th quarter worth $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Omnicom Group in the 4th quarter worth about $26,000. Pinnacle Bancorp Inc. grew its position in Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the period. Finally, Richardson Financial Services Inc. purchased a new stake in shares of Omnicom Group during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC opened at $92.75 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The firm’s fifty day simple moving average is $92.93 and its two-hundred day simple moving average is $86.71. Omnicom Group has a 12 month low of $72.20 and a 12 month high of $99.23. The stock has a market capitalization of $18.16 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last announced its earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 EPS. As a group, analysts predict that Omnicom Group will post 7.81 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.02%. Omnicom Group’s dividend payout ratio is presently 37.84%.

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.