Omnicom Group (NYSE:OMC) PT Raised to $108.00

Omnicom Group (NYSE:OMC) had its price target raised by JPMorgan Chase & Co. from $104.00 to $108.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company raised Omnicom Group from an equal weight rating to an overweight rating and upped their price target for the company from $91.00 to $106.00 in a research note on Wednesday. Barclays upped their price target on Omnicom Group from $95.00 to $100.00 and gave the company an equal weight rating in a research note on Monday, January 29th. StockNews.com raised Omnicom Group from a hold rating to a buy rating in a research note on Thursday, April 4th. Macquarie increased their target price on Omnicom Group from $100.00 to $110.00 and gave the company an outperform rating in a research note on Tuesday, April 2nd. Finally, BNP Paribas raised Omnicom Group from a neutral rating to an outperform rating and set a $115.00 target price on the stock in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $103.40.

Omnicom Group Trading Up 1.2 %

Shares of OMC opened at $92.62 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. Omnicom Group has a 12-month low of $72.20 and a 12-month high of $99.23. The firm has a market capitalization of $18.14 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.15 and a beta of 0.97. The stock’s fifty day simple moving average is $91.51 and its 200-day simple moving average is $85.41.

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

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders 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 annualized dividend and a dividend yield of 3.02%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction dated Friday, February 9th. The stock was 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 directly owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Pathstone Family Office LLC grew its holdings in shares of Omnicom Group by 0.8% during the fourth quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider’s stock worth $1,084,000 after buying an additional 108 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Omnicom Group by 0.5% during the fourth quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock worth $1,932,000 after buying an additional 119 shares in the last quarter. Cambridge Trust Co. grew its holdings in shares of Omnicom Group by 4.2% during the fourth quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after buying an additional 121 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of Omnicom Group by 2.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock worth $428,000 after buying an additional 124 shares in the last quarter. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after buying 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.