Omnicom Group (NYSE:OMC) Sees Strong Trading Volume – Here’s What Happened

Omnicom Group Inc. (NYSE:OMC) shares saw an uptick in trading volume on Friday . 5,750,856 shares traded hands during trading, an increase of 220% from the previous session’s volume of 1,797,549 shares.The stock last traded at $84.79 and had previously closed at $82.62.

Wall Street Analyst Weigh In

OMC has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Barclays reduced 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. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Trading Up 2.8 %

The company has a market cap of $16.68 billion, a P/E ratio of 11.40, a PEG ratio of 1.94 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The business has a fifty day moving average price of $84.45 and a 200-day moving average price of $94.45.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period last year, the business posted $2.20 EPS. On average, analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is 37.58%.

Institutional Trading of Omnicom Group

A number of institutional investors have recently bought and sold shares of the business. World Investment Advisors LLC raised its position in shares of Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after buying an additional 17,815 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Omnicom Group in the 3rd quarter valued at $713,000. Thrivent Financial for Lutherans raised its holdings in Omnicom Group by 40.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after acquiring an additional 8,643 shares in the last quarter. Assetmark Inc. lifted its position in shares of Omnicom Group by 2.0% during the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock valued at $50,562,000 after acquiring an additional 9,774 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Omnicom Group by 19.7% during the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock worth $23,860,000 after purchasing an additional 38,022 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

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.