Brokerages Set Omnicom Group Inc. (NYSE:OMC) PT at $95.00

Shares of Omnicom Group Inc. (NYSE:OMC) have been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $95.00.

A number of equities analysts have recently commented on OMC shares. Citigroup boosted their price objective on Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Bank of America reiterated an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Barclays increased their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Finally, UBS Group raised their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a report on Friday, December 5th.

Omnicom Group Stock Down 3.8%

Shares of NYSE OMC opened at $80.80 on Friday. The stock has a market cap of $25.07 billion, a P/E ratio of 164.89, a PEG ratio of 0.80 and a beta of 0.71. The business’s fifty day simple moving average is $77.91 and its 200-day simple moving average is $77.11. Omnicom Group has a 12-month low of $66.33 and a 12-month high of $87.17. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60.

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, February 18th. The business services provider reported $2.59 EPS for the quarter, missing the consensus estimate of $2.94 by ($0.35). Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.The business’s revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm earned $2.41 EPS. As a group, equities analysts predict that Omnicom Group will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 11th will be paid a $0.80 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. Omnicom Group’s dividend payout ratio (DPR) is currently 653.06%.

Omnicom Group announced that its Board of Directors has initiated a share buyback program on Wednesday, February 18th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the business services provider to purchase up to 38.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its holdings in shares of Omnicom Group by 15.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 108,310 shares of the business services provider’s stock valued at $8,831,000 after purchasing an additional 14,368 shares during the last quarter. Principal Financial Group Inc. grew its stake in Omnicom Group by 18.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,877,462 shares of the business services provider’s stock worth $153,068,000 after buying an additional 295,379 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in Omnicom Group during the 3rd quarter worth approximately $870,000. National Pension Service increased its position in Omnicom Group by 35.3% during the third quarter. National Pension Service now owns 111,161 shares of the business services provider’s stock worth $9,063,000 after buying an additional 29,014 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new stake in Omnicom Group in the third quarter valued at approximately $5,888,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.