Omnicom Group Inc. (NYSE:OMC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Omnicom Group Inc. (NYSE:OMC) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $110.00.

OMC has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Bank of America boosted their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. UBS Group boosted their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Barclays upped their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th.

Omnicom Group Stock Performance

NYSE:OMC opened at $87.89 on Friday. The firm’s fifty day simple moving average is $100.56 and its 200 day simple moving average is $97.12. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group has a twelve month low of $84.43 and a twelve month high of $107.00. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 2.07 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the company posted $1.86 earnings per share. As a group, equities research analysts expect that Omnicom Group will post 7.92 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.19%. The ex-dividend date is Friday, December 20th. Omnicom Group’s payout ratio is currently 38.25%.

Insider Transactions at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Omnicom Group

A number of institutional investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Omnicom Group by 4.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,302 shares of the business services provider’s stock worth $1,193,000 after purchasing an additional 510 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Omnicom Group by 3,657.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 107,550 shares of the business services provider’s stock valued at $9,647,000 after purchasing an additional 104,688 shares during the last quarter. Blue Trust Inc. boosted its stake in Omnicom Group by 159.4% during the 2nd quarter. Blue Trust Inc. now owns 1,209 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 743 shares during the period. Gradient Investments LLC grew its position in Omnicom Group by 15,916.7% in the 2nd quarter. Gradient Investments LLC now owns 961 shares of the business services provider’s stock worth $86,000 after purchasing an additional 955 shares during the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of Omnicom Group by 8.2% during the second quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock valued at $16,723,000 after buying an additional 14,153 shares during 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.