Omnicom Group (NYSE:OMC) Receives New Coverage from Analysts at ING Group

ING Group started coverage on shares of Omnicom Group (NYSE:OMCGet Rating) in a report issued on Thursday morning, The Fly reports. The firm issued a buy rating on the business services provider’s stock. The analysts noted that the move was a valuation call.

Several other analysts also recently issued reports on OMC. Citigroup upped their price target on shares of Omnicom Group to $86.00 in a report on Friday, July 22nd. Morgan Stanley reduced their price target on shares of Omnicom Group from $84.00 to $70.00 and set an underweight rating on the stock in a report on Friday, June 10th. Wells Fargo & Company upped their price target on shares of Omnicom Group from $73.00 to $84.00 and gave the company an overweight rating in a report on Wednesday, July 20th. Exane BNP Paribas assumed coverage on shares of Omnicom Group in a report on Thursday, August 25th. They issued an underperform rating on the stock. Finally, Barclays reduced their price target on shares of Omnicom Group from $90.00 to $70.00 and set an equal weight rating on the stock in a report on Thursday, July 21st. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Omnicom Group has an average rating of Hold and a consensus target price of $83.90.

Omnicom Group Stock Up 0.8 %

OMC stock opened at $67.89 on Thursday. The company has a market cap of $13.91 billion, a P/E ratio of 11.11, a P/E/G ratio of 3.96 and a beta of 0.84. Omnicom Group has a 52 week low of $61.31 and a 52 week high of $91.61. The company’s 50-day moving average price is $68.27 and its 200 day moving average price is $73.64. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.

Omnicom Group (NYSE:OMCGet Rating) last released its quarterly earnings data on Tuesday, July 19th. The business services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.12. The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.47 billion. Omnicom Group had a net margin of 9.07% and a return on equity of 39.15%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 earnings per share. On average, research analysts expect that Omnicom Group will post 6.39 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Wednesday, September 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Tuesday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is 45.83%.

Insider Buying and Selling

In related news, VP Michael J. Obrien sold 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $70.47, for a total transaction of $1,268,460.00. Following the completion of the transaction, the vice president now owns 131,118 shares of the company’s stock, valued at $9,239,885.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Omnicom Group

Several large investors have recently made changes to their positions in OMC. Wellington Management Group LLP increased its position in shares of Omnicom Group by 70.6% in the first quarter. Wellington Management Group LLP now owns 10,421,313 shares of the business services provider’s stock worth $884,561,000 after acquiring an additional 4,312,149 shares in the last quarter. First Trust Advisors LP increased its position in shares of Omnicom Group by 683.2% in the first quarter. First Trust Advisors LP now owns 2,957,307 shares of the business services provider’s stock worth $251,016,000 after acquiring an additional 2,579,717 shares in the last quarter. Ardevora Asset Management LLP acquired a new stake in shares of Omnicom Group in the first quarter worth $57,574,000. Marshall Wace LLP increased its position in shares of Omnicom Group by 173.9% in the fourth quarter. Marshall Wace LLP now owns 835,595 shares of the business services provider’s stock worth $61,224,000 after acquiring an additional 530,470 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Omnicom Group by 24.0% in the fourth quarter. Schroder Investment Management Group now owns 2,606,198 shares of the business services provider’s stock worth $190,956,000 after acquiring an additional 504,221 shares in the last quarter. Institutional investors and hedge funds own 90.85% of the company’s stock.

Omnicom Group Company Profile

(Get Rating)

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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