Omnicom Group (NYSE:OMC) PT Raised to $91.00 at JPMorgan Chase & Co.

Omnicom Group (NYSE:OMC – Get Rating) had its price target boosted by JPMorgan Chase & Co. from $88.00 to $91.00 in a research report report published on Monday, Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other research firms also recently weighed in on OMC. Morgan Stanley lifted their target price on Omnicom Group from $67.00 to $75.00 and gave the company an underweight rating in a research report on Monday, December 19th. StockNews.com began coverage on Omnicom Group in a research note on Wednesday, October 12th. They issued a hold rating for the company. Finally, Barclays lifted their price objective on Omnicom Group to $80.00 in a research note on Thursday, October 27th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $86.00.

Omnicom Group Stock Performance

NYSE OMC opened at $84.54 on Monday. The company has a market cap of $17.24 billion, a P/E ratio of 13.57, a P/E/G ratio of 4.67 and a beta of 0.84. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.95 and a quick ratio of 0.84. The stock has a 50-day moving average of $80.24 and a two-hundred day moving average of $72.76. Omnicom Group has a 1-year low of $61.31 and a 1-year high of $91.61.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Wednesday, December 21st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Tuesday, December 20th. Omnicom Group’s payout ratio is 44.94%.

Institutional Investors Weigh In On Omnicom Group

Institutional investors have recently added to or reduced their stakes in the business. Kentucky Retirement Systems lifted its stake in Omnicom Group by 14.6% during the second quarter. Kentucky Retirement Systems now owns 15,269 shares of the business services provider’s stock worth $971,000 after purchasing an additional 1,948 shares during the last quarter. Duality Advisers LP lifted its stake in Omnicom Group by 526.7% in the second quarter. Duality Advisers LP now owns 32,909 shares of the business services provider’s stock valued at $2,093,000 after buying an additional 27,658 shares during the last quarter. CHICAGO TRUST Co NA purchased a new stake in Omnicom Group in the third quarter valued at approximately $224,000. Assenagon Asset Management S.A. purchased a new stake in Omnicom Group in the second quarter valued at approximately $1,118,000. Finally, Cetera Advisor Networks LLC lifted its stake in Omnicom Group by 15.6% in the second quarter. Cetera Advisor Networks LLC now owns 20,680 shares of the business services provider’s stock valued at $1,315,000 after buying an additional 2,798 shares during the last quarter. Hedge funds and other institutional investors own 90.20% of the company’s stock.

Omnicom Group Company Profile

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Omnicom Group, Inc is a holding company, which engages in the provision of advertising, marketing and corporate communications services. Its agency networks operate in the advertising, marketing, and corporate communications services industry, which are organized into regions, which are the Americas, EMEA and Asia-Pacific.