Omnicom Group Inc. (NYSE:OMC) has been assigned an average rating of “Hold” from the nineteen research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $84.07.

Several equities research analysts recently weighed in on OMC shares. Royal Bank Of Canada set a $96.00 target price on shares of Omnicom Group and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Friday, October 13th. Argus raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. TheStreet downgraded shares of Omnicom Group from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a research note on Wednesday, October 18th.

In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the completion of the transaction, the director now owns 7,777 shares in the company, valued at approximately $577,986.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Several institutional investors have recently modified their holdings of OMC. Janney Montgomery Scott LLC boosted its holdings in shares of Omnicom Group by 2.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 20,072 shares of the business services provider’s stock valued at $1,664,000 after buying an additional 417 shares in the last quarter. Rothschild Asset Management Inc. boosted its holdings in shares of Omnicom Group by 9.1% in the 2nd quarter. Rothschild Asset Management Inc. now owns 5,633 shares of the business services provider’s stock valued at $467,000 after buying an additional 471 shares in the last quarter. ARP Americas LLC acquired a new position in shares of Omnicom Group in the 2nd quarter valued at $264,000. TD Asset Management Inc. boosted its holdings in shares of Omnicom Group by 94.2% in the 2nd quarter. TD Asset Management Inc. now owns 396,635 shares of the business services provider’s stock valued at $32,881,000 after buying an additional 192,411 shares in the last quarter. Finally, Advisor Partners LLC boosted its holdings in shares of Omnicom Group by 6.8% in the 2nd quarter. Advisor Partners LLC now owns 4,593 shares of the business services provider’s stock valued at $381,000 after buying an additional 293 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Shares of Omnicom Group (NYSE OMC) opened at $74.47 on Thursday. Omnicom Group has a 52 week low of $65.32 and a 52 week high of $89.66. The firm has a market cap of $17,361.42, a P/E ratio of 15.15, a P/E/G ratio of 2.01 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the firm earned $1.06 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. analysts predict that Omnicom Group will post 5.11 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Monday, December 18th. This is a boost from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s payout ratio is 43.82%.

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Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

Analyst Recommendations for Omnicom Group (NYSE:OMC)

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