Omnicom Group (NYSE:OMC) Price Target Increased to $108.00 by Analysts at JPMorgan Chase & Co.

Omnicom Group (NYSE:OMC) had its price target hoisted by JPMorgan Chase & Co. from $104.00 to $108.00 in a research note published on Wednesday, Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

OMC has been the subject of several other reports. UBS Group started coverage on shares of Omnicom Group in a research note on Thursday, January 11th. They issued a buy rating and a $117.00 price target for the company. Macquarie boosted their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the company an outperform rating in a research report on Tuesday, April 2nd. StockNews.com upgraded shares of Omnicom Group from a hold rating to a buy rating in a research report on Thursday, April 4th. Barclays boosted their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the company an equal weight rating in a research report on Monday, January 29th. Finally, Wells Fargo & Company upgraded shares of Omnicom Group from an equal weight rating to an overweight rating and boosted their price target for the company from $91.00 to $106.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Omnicom Group presently has a consensus rating of Moderate Buy and a consensus target price of $104.56.

Omnicom Group Stock Performance

NYSE OMC opened at $92.45 on Wednesday. Omnicom Group has a 52-week low of $72.20 and a 52-week high of $99.23. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.86 and a current ratio of 0.95. The company has a market capitalization of $18.23 billion, a P/E ratio of 13.36, a P/E/G ratio of 2.17 and a beta of 0.97. The company has a fifty day moving average of $91.25 and a 200-day moving average of $85.14.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.15. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.58 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. As a group, equities research analysts predict that Omnicom Group will post 7.73 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 annualized dividend and a dividend yield of 3.03%. Omnicom Group’s dividend payout ratio is presently 40.46%.

Insider Activity at Omnicom Group

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Pathstone Family Office LLC raised its position in Omnicom Group by 0.8% in the fourth quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider’s stock worth $1,084,000 after acquiring an additional 108 shares during the period. Greenleaf Trust raised its position in Omnicom Group by 0.5% in the fourth quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock worth $1,932,000 after acquiring an additional 119 shares during the period. Cambridge Trust Co. raised its position in Omnicom Group by 4.2% in the fourth quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after acquiring an additional 121 shares during the period. Great Valley Advisor Group Inc. increased its stake in shares of Omnicom Group by 2.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock worth $428,000 after purchasing an additional 124 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its stake in shares of Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

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.