Brokerages Set Omnicom Group Inc. (NYSE:OMC) PT at $108.25

Omnicom Group Inc. (NYSE:OMC) has been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $108.25.

OMC has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target 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. Macquarie reissued an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. UBS Group raised their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company reduced their target price on shares of 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, Barclays dropped their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th.

Omnicom Group Price Performance

OMC stock opened at $87.74 on Friday. Omnicom Group has a 52 week low of $81.42 and a 52 week high of $107.00. The firm has a market capitalization of $17.24 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98. The company has a fifty day simple moving average of $90.36 and a two-hundred day simple moving average of $96.23. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.19%. Omnicom Group’s dividend payout ratio (DPR) is currently 38.25%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors LLC raised its stake in Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after buying an additional 17,815 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in Omnicom Group by 16.3% in the third quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 401 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in Omnicom Group in the third quarter worth about $713,000. Thrivent Financial for Lutherans lifted its position in shares of Omnicom Group by 40.9% during the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after buying an additional 8,643 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Omnicom Group by 2.0% in the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock valued at $50,562,000 after buying an additional 9,774 shares in the last quarter. 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.