Omnicom Group (NYSE:OMC) Price Target Cut to $110.00 by Analysts at Barclays

Omnicom Group (NYSE:OMC) had its target price cut by Barclays from $121.00 to $110.00 in a research report report published on Friday morning,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company decreased their price objective on shares of 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. Macquarie reiterated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, UBS Group upped their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.63.

Omnicom Group Price Performance

NYSE OMC opened at $86.60 on Friday. The firm’s 50 day moving average is $91.85 and its 200-day moving average is $96.39. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $16.90 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98. Omnicom Group has a 12-month low of $81.42 and a 12-month high of $107.00.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is presently 38.25%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Columbus Macro LLC increased its stake in shares of Omnicom Group by 52.7% in the 4th quarter. Columbus Macro LLC now owns 23,919 shares of the business services provider’s stock valued at $2,058,000 after purchasing an additional 8,260 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Omnicom Group by 29.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,381 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 1,437 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new position in Omnicom Group in the fourth quarter valued at about $219,000. BTC Capital Management Inc. raised its stake in Omnicom Group by 4.7% during the fourth quarter. BTC Capital Management Inc. now owns 54,248 shares of the business services provider’s stock worth $4,651,000 after acquiring an additional 2,424 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Omnicom Group by 13.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,695 shares of the business services provider’s stock valued at $3,587,000 after purchasing an additional 4,920 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

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.