Omnicom Group’s (OMC) “Buy” Rating Reiterated at Citigroup

Citigroup reissued their buy rating on shares of Omnicom Group (NYSE:OMC) in a research report report published on Tuesday,Benzinga reports. The firm currently has a $103.00 target price on the business services provider’s stock.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. UBS Group decreased their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Barclays cut their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $104.25.

Omnicom Group Trading Up 0.4 %

Omnicom Group stock opened at $76.87 on Tuesday. Omnicom Group has a 12-month low of $69.13 and a 12-month high of $107.00. The stock has a market capitalization of $15.11 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The firm has a 50 day simple moving average of $80.19 and a 200-day simple moving average of $90.02. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. As a group, equities research analysts expect that Omnicom Group will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.64%. Omnicom Group’s dividend payout ratio is 37.58%.

Institutional Investors Weigh In On Omnicom Group

Several institutional investors have recently made changes to their positions in OMC. ST Germain D J Co. Inc. acquired a new position in Omnicom Group in the fourth quarter worth approximately $25,000. Versant Capital Management Inc increased its stake in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in shares of Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider’s stock worth $40,000 after buying an additional 404 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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.