Omnicom Group (NYSE:OMC) Upgraded to Outperform by BNP Paribas

BNP Paribas upgraded shares of Omnicom Group (NYSE:OMC) from a neutral rating to an outperform rating in a research report released on Thursday, MarketBeat Ratings reports. BNP Paribas currently has $115.00 price target on the business services provider’s stock.

OMC has been the subject of a number of other research reports. StockNews.com downgraded Omnicom Group from a buy rating to a hold rating in a report on Wednesday. Morgan Stanley upgraded shares of Omnicom Group from an equal weight rating to an overweight rating and increased their price objective for the company from $90.00 to $100.00 in a research note on Friday, December 15th. Macquarie raised shares of Omnicom Group from a neutral rating to an outperform rating and raised their price objective for the stock from $80.00 to $100.00 in a report on Friday, January 5th. Barclays upped their target price on shares of Omnicom Group from $95.00 to $100.00 and gave the company an equal weight rating in a research note on Monday, January 29th. Finally, UBS Group began coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They set a buy rating and a $117.00 price target on the stock. 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 company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $101.33.

Omnicom Group Price Performance

OMC stock opened at $96.76 on Thursday. The firm has a market cap of $19.16 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.86 and a current ratio of 0.95. Omnicom Group has a 1 year low of $72.20 and a 1 year high of $99.23. The stock has a 50-day simple moving average of $90.06 and a 200-day simple moving average of $83.30.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. Omnicom Group’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.09 EPS. On average, equities analysts predict that Omnicom Group will post 7.73 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a yield of 2.89%. Omnicom Group’s dividend payout ratio is currently 40.46%.

Insider Activity

In related news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the sale, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Omnicom Group

Large investors have recently modified their holdings of the company. Nomura Holdings Inc. acquired a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $344,000. HighPoint Advisor Group LLC acquired a new stake in Omnicom Group in the 4th quarter valued at approximately $222,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Omnicom Group during the 4th quarter valued at $3,460,000. Leo Wealth LLC bought a new stake in Omnicom Group during the 4th quarter valued at $364,000. Finally, Wahed Invest LLC grew its stake in shares of Omnicom Group by 7.7% in the fourth quarter. Wahed Invest LLC now owns 3,367 shares of the business services provider’s stock worth $291,000 after purchasing an additional 242 shares in the last quarter. 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.