Omnicom Group’s (OMC) Buy Rating Reaffirmed at Citigroup

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

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

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $76.87 on Tuesday. The stock has a market capitalization of $15.11 billion, a P/E ratio of 10.32, a PEG ratio of 1.94 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The business’s fifty day moving average price is $80.19 and its 200 day moving average price is $90.02. Omnicom Group has a twelve month low of $69.13 and a twelve month high of $107.00.

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

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.64%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group during the fourth quarter valued at $25,000. Versant Capital Management Inc lifted its position in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Omnicom Group by 146.6% during 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 period. Johnson Financial Group Inc. grew its position in Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its position in shares of Omnicom Group by 708.8% during 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 period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Company Profile

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.