Omnicom Group Inc. (NYSE:OMC) Given the brokerage’s “moderate buy” recommendation

Shares of Omnicom Group Inc. (NYSE:OMC – Get Your Free Report ) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $106.30.

OMC has been the subject of several research analyst reports. Macquarie reissued an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a report on Wednesday, July 17th. UBS Group boosted their price objective on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Bank of America boosted their price target on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th.

Read our latest analysis on the WTO

Omnicom Group’s share performance

Shares of OMC stock opened at $102.67 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.93, and a debt-to-equity ratio of 1.31. The company’s 50-day moving average price is $97.46 and its 200-day moving average price is $94.39. Omnicom Group has a 52 week low of $72.20 and a 52 week high of $104.80. The stock has a market cap of $20.11 billion, a P/E ratio of 13.87, a P/E/G ratio of 2.38 and a beta of 0.94.

Omnicom Group (NYSE:OMC – Get Your Free Report ) last released its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.07. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The company’s quarterly revenue was up 6.8% year over year. During the same period in the previous year, the firm posted EPS of $1.81. equities research analysts anticipate that Omnicom Group will post 7.88 earnings per share for the current fiscal year.

Omnicom Group announces dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a $0.70 dividend. This represents a dividend of $2.80 on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, September 20. Omnicom Group’s payout ratio is 37.84%.

Insiders place their bets

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the transaction, the director now owns 10,356 shares in the company, valued at $941,153.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the sale, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $90.88, for a total value of $44,349.44. Following the completion of the sale, the director now owns 10,356 shares of the company’s stock, valued at $941,153.28. The disclosure for this sale can be found here. 1.30% of shares are currently owned by insiders.

Institutional investors intervene on the Omnicom group

A number of hedge funds have recently made changes to their positions in OMC. Jacobs Levy Equity Management Inc. raised its stake in shares of Omnicom Group by 319.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,450,160 shares of the business services provider’s stock worth $140,317,000 after buying an additional 1,104,566 shares in the last quarter. Balyasny Asset Management LP purchased a new stake in Omnicom Group in the fourth quarter valued at approximately $93,634,000. Bank of New York Mellon Corp boosted its stake in Omnicom Group by 37.0% in the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock valued at $296,717,000 after buying an additional 892,494 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Omnicom Group in the second quarter valued at about $56,177,000. Finally, Morningstar Investment Services LLC boosted its holdings in shares of Omnicom Group by 98.7% in the fourth quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock valued at $104,037,000 after purchasing an additional 595,746 shares during the period. 91.97% of the shares are currently held by hedge funds and other institutional investors.

Omnicom Group Company Profile

(Get a free report

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing and corporate communications services. It offers a wide range of services in advertising and media, precision marketing, commerce and branding, experience, execution and support, public relations and healthcare.

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