Omnicom Group Inc. (NYSE:OMC) shares saw strong trading volume on Monday . 1,396,398 shares changed hands during trading, an increase of 12% from the previous session’s volume of 1,245,782 shares.The stock last traded at $85.49 and had previously closed at $84.26.

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group lifted their target price on shares of Omnicom Group from $79.00 to $86.00 and gave the company a “market perform” rating in a research note on Wednesday, July 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Omnicom Group in a research note on Sunday, July 17th. Albert Fried & Company reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a research note on Thursday, July 14th. Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $86.00 price objective (up previously from $85.00) on shares of Omnicom Group in a research note on Saturday, April 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.82.

The stock has a 50-day moving average of $82.52 and a 200-day moving average of $81.29. The company has a market cap of $19.94 billion and a P/E ratio of 18.43.

Omnicom Group (NYSE:OMC) last announced its earnings results on Thursday, July 14th. The company reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.03. During the same quarter in the previous year, the company posted $1.26 EPS. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.91 billion. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts forecast that Omnicom Group Inc. will post $4.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, September 22nd will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Tuesday, September 20th.

In other Omnicom Group news, Chairman Bruce Crawford sold 22,800 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $84.31, for a total value of $1,922,268.00. Following the completion of the sale, the chairman now owns 128,650 shares in the company, valued at $10,846,481.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John Wren sold 35,104 shares of the stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $82.35, for a total transaction of $2,890,814.40. Following the completion of the sale, the chief executive officer now owns 971,798 shares of the company’s stock, valued at approximately $80,027,565.30. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in OMC. American International Group Inc. boosted its stake in shares of Omnicom Group by 5.2% in the fourth quarter. American International Group Inc. now owns 4,941,763 shares of the company’s stock worth $373,894,000 after buying an additional 242,614 shares in the last quarter. BlackRock Advisors LLC boosted its stake in shares of Omnicom Group by 37.1% in the fourth quarter. BlackRock Advisors LLC now owns 955,499 shares of the company’s stock worth $72,293,000 after buying an additional 258,376 shares in the last quarter. I.G. Investment Management LTD. boosted its stake in shares of Omnicom Group by 0.8% in the fourth quarter. I.G. Investment Management LTD. now owns 794,918 shares of the company’s stock worth $60,144,000 after buying an additional 6,547 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Omnicom Group by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 780,332 shares of the company’s stock worth $59,045,000 after buying an additional 19,650 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Omnicom Group by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 378,074 shares of the company’s stock worth $28,605,000 after buying an additional 7,077 shares in the last quarter.

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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