Omnicom Group (NYSE:OMC) Sees Unusually-High Trading Volume – What’s Next?

Shares of Omnicom Group Inc. (NYSE:OMC) saw an uptick in trading volume on Friday . 5,750,856 shares were traded during mid-day trading, an increase of 220% from the previous session’s volume of 1,797,549 shares.The stock last traded at $84.79 and had previously closed at $82.62.

Analysts Set New Price Targets

Several brokerages have issued reports on OMC. JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company lowered their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Barclays lowered their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Trading Up 2.8 %

The business’s fifty day simple moving average is $84.42 and its 200 day simple moving average is $94.35. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock has a market cap of $16.68 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter last year, the company posted $2.20 EPS. As a group, analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Omnicom Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock valued at $1,982,518,000 after purchasing an additional 99,424 shares during the period. State Street Corp lifted its position in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares during the period. Bank of New York Mellon Corp lifted its position in Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock valued at $577,732,000 after purchasing an additional 156,438 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Omnicom Group by 50.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock valued at $513,922,000 after purchasing an additional 1,992,695 shares during the period. Finally, Geode Capital Management LLC lifted its position in Omnicom Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider’s stock valued at $442,453,000 after purchasing an additional 51,148 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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.