Omnicom Group (NYSE:OMC) Trading Down 5.5% Following Analyst Downgrade

Omnicom Group Inc. (NYSE:OMC - Get Free Report)'s share price traded down 5.5% during trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $116.00 to $104.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Omnicom Group traded as low as $72.64 and last traded at $72.64. 2,320,265 shares were traded during mid-day trading, an increase of 8% from the average session volume of 2,158,114 shares. The stock had previously closed at $76.83.

Other equities analysts have also issued reports about the company. Citigroup restated a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday. Barclays dropped their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company reduced their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $100.88.

Read Our Latest Analysis on Omnicom Group

Institutional Trading of Omnicom Group

Several institutional investors have recently made changes to their positions in OMC. Versant Capital Management Inc lifted its holdings in Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after buying an additional 143 shares during the last quarter. Center For Asset Management LLC raised its position in Omnicom Group by 3.3% during the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock worth $389,000 after acquiring an additional 146 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Omnicom Group by 13.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock worth $105,000 after buying an additional 147 shares in the last quarter. MGO One Seven LLC boosted its holdings in shares of Omnicom Group by 3.2% during the fourth quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock worth $437,000 after purchasing an additional 157 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Omnicom Group by 6.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider's stock worth $217,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

The stock has a 50-day simple moving average of $80.19 and a 200-day simple moving average of $90.02. The stock has a market cap of $14.32 billion, a PE ratio of 9.78, a P/E/G ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. Equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.84%. Omnicom Group's dividend payout ratio is 37.58%.

About Omnicom Group

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.

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