Barclays Lowers Omnicom Group (NYSE:OMC) Price Target to $110.00

Omnicom Group (NYSE:OMC) had its target price reduced by Barclays from $121.00 to $110.00 in a report published on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the business services provider’s stock.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company reduced their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, UBS Group increased their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group has an average rating of “Moderate Buy” and an average price target of $108.63.

Omnicom Group Stock Up 0.5 %

Shares of NYSE OMC opened at $86.60 on Friday. The company has a 50 day simple moving average of $91.85 and a 200 day simple moving average of $96.39. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group has a 1 year low of $81.42 and a 1 year high of $107.00. The firm has a market cap of $16.90 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is currently 38.25%.

Institutional Investors Weigh In On Omnicom Group

Several hedge funds and other institutional investors have recently modified their holdings of OMC. ST Germain D J Co. Inc. acquired a new position in Omnicom Group during the fourth quarter worth $25,000. Versant Capital Management Inc raised its holdings in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after acquiring an additional 271 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Omnicom Group during the 3rd quarter valued at about $33,000. Davis Capital Management acquired a new position in Omnicom Group during the 3rd quarter valued at about $36,000. Finally, HM Payson & Co. increased its holdings in Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares in 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.