Omnicom Group (NYSE:OMC) Price Target Increased to $108.00 by Analysts at JPMorgan Chase & Co.

Omnicom Group (NYSE:OMC) had its target price upped by JPMorgan Chase & Co. from $104.00 to $108.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other equities research analysts have also commented on the stock. StockNews.com raised shares of Omnicom Group from a hold rating to a buy rating in a report on Thursday, April 4th. Barclays upped their target price on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an equal weight rating in a report on Monday, January 29th. BNP Paribas raised shares of Omnicom Group from a neutral rating to an outperform rating and set a $115.00 target price for the company in a report on Thursday, March 28th. Macquarie upped their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the company an outperform rating in a research report on Tuesday, April 2nd. Finally, UBS Group began coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They issued a buy rating and a $117.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Omnicom Group has a consensus rating of Moderate Buy and a consensus target price of $104.56.

Omnicom Group Stock Performance

OMC opened at $92.45 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. The firm has a fifty day moving average price of $91.25 and a 200 day moving average price of $85.14. Omnicom Group has a 1 year low of $72.20 and a 1 year high of $99.23. The stock has a market cap of $18.23 billion, a P/E ratio of 13.36, a P/E/G ratio of 2.17 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.15. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Equities research analysts anticipate that Omnicom Group will post 7.73 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 annualized dividend and a dividend yield of 3.03%. Omnicom Group’s dividend payout ratio is presently 40.46%.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Omnicom Group

Several hedge funds have recently added to or reduced their stakes in OMC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Omnicom Group by 4.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,964 shares of the business services provider’s stock valued at $2,374,000 after acquiring an additional 1,284 shares in the last quarter. Aviva PLC raised its holdings in Omnicom Group by 27.0% in the first quarter. Aviva PLC now owns 81,054 shares of the business services provider’s stock valued at $6,880,000 after acquiring an additional 17,251 shares in the last quarter. Prudential PLC acquired a new stake in Omnicom Group in the first quarter valued at approximately $503,000. National Pension Service raised its holdings in Omnicom Group by 644.1% in the first quarter. National Pension Service now owns 407,387 shares of the business services provider’s stock valued at $34,579,000 after acquiring an additional 352,639 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in Omnicom Group in the first quarter valued at approximately $929,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

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.