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

Shares of Omnicom Group Inc. (NYSE:OMC) saw unusually-strong trading volume on Friday . Approximately 5,750,856 shares changed hands 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.

Analyst Upgrades and Downgrades

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

Omnicom Group Trading Up 2.8 %

The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.94 and a beta of 0.98. The company’s 50 day moving average is $84.42 and its 200 day moving average is $94.35. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate 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 in the previous year, the company posted $2.20 earnings per share. On average, research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

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

Hedge Funds Weigh In On Omnicom Group

Several large investors have recently bought and sold shares of OMC. Massachusetts Financial Services Co. MA raised its stake 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 last quarter. Castlekeep Investment Advisors LLC bought a new stake in Omnicom Group in the 4th quarter valued at $150,819,000. FMR LLC increased its holdings in Omnicom Group by 250.1% in the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider’s stock valued at $172,987,000 after buying an additional 1,436,231 shares during the period. JPMorgan Chase & Co. increased its holdings in Omnicom Group by 91.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider’s stock valued at $184,730,000 after buying an additional 1,027,567 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Omnicom Group in the 4th quarter valued at $79,321,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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.