Omnicom Group (NYSE:OMC) Trading Up 2.1% – Time to Buy?

Omnicom Group Inc. (NYSE:OMC) was up 2.1% during trading on Monday . The company traded as high as $82.38 and last traded at $81.96. Approximately 537,877 shares traded hands during trading, a decline of 73% from the average daily volume of 2,019,582 shares. The stock had previously closed at $80.24.

Wall Street Analysts Forecast Growth

OMC has been the topic of several research analyst reports. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Barclays decreased their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. cut their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Wells Fargo & Company lowered their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Omnicom Group has a consensus rating of “Hold” and a consensus target price of $104.43.

Omnicom Group Trading Up 2.6 %

The stock has a market capitalization of $16.18 billion, a PE ratio of 11.07, a PEG ratio of 1.94 and a beta of 0.98. 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 50-day moving average is $83.24 and its two-hundred day moving average is $92.43.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the business earned $2.20 earnings per share. On average, analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OMC. World Investment Advisors LLC lifted its holdings in Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after buying an additional 17,815 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new position in shares of Omnicom Group during the third quarter worth about $713,000. Franklin Resources Inc. increased its holdings in Omnicom Group by 19.7% in the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after buying an additional 38,022 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Omnicom Group by 15.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock valued at $32,411,000 after buying an additional 50,153 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its position in shares of Omnicom Group by 35.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 19,598 shares of the business services provider’s stock worth $2,026,000 after acquiring an additional 5,156 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

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.