UBS Group Cuts Omnicom Group (NYSE:OMC) Price Target to $104.00

Omnicom Group (NYSE:OMC) had its target price cut by UBS Group from $117.00 to $104.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

OMC has been the subject of several other reports. Macquarie restated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target 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. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company dropped their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Finally, Barclays dropped their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.75.

Omnicom Group Stock Up 0.4 %

OMC opened at $81.03 on Thursday. The business has a 50 day moving average price of $83.69 and a 200 day moving average price of $93.12. Omnicom Group has a twelve month low of $78.69 and a twelve month high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market cap of $15.92 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted 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 last year, the company posted $2.20 earnings per share. Research analysts forecast that Omnicom Group will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

Institutional Trading of Omnicom Group

A number of large investors have recently bought and sold shares of OMC. Thrivent Financial for Lutherans boosted its stake in Omnicom Group by 40.9% in the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock worth $3,077,000 after purchasing an additional 8,643 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Omnicom Group by 2.4% in the third quarter. Pathstone Holdings LLC now owns 35,400 shares of the business services provider’s stock worth $3,662,000 after purchasing an additional 835 shares in the last quarter. Prospera Financial Services Inc boosted its stake in Omnicom Group by 14.9% in the third quarter. Prospera Financial Services Inc now owns 7,050 shares of the business services provider’s stock worth $729,000 after purchasing an additional 915 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in Omnicom Group by 17.2% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,777 shares of the business services provider’s stock worth $494,000 after purchasing an additional 700 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Omnicom Group in the third quarter worth $500,000. 91.97% of the stock is currently 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.