Omnicom Group Inc. (NYSE:OMC) has earned a “BBB+” credit rating from Morningstar. The firm’s “BBB+” rating indicates that the company is a moderate default risk. They also gave their stock a three star rating.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Wednesday, November 25th. Pivotal Research raised Omnicom Group from a “sell” rating to a “hold” rating and boosted their price target for the company from $57.00 to $69.00 in a report on Friday, October 16th. BMO Capital Markets downgraded Omnicom Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $82.00 to $77.00 in a report on Monday, November 2nd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $84.00 price target (down from $85.00) on shares of Omnicom Group in a report on Tuesday, December 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $77.64.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in OMC. Eagle Asset Management increased its position in Omnicom Group by 88.8% in the third quarter. Eagle Asset Management now owns 1,733,930 shares of the company’s stock worth $114,264,000 after buying an additional 815,353 shares in the last quarter. Janus Capital Management increased its position in Omnicom Group by 20.9% in the third quarter. Janus Capital Management now owns 2,453,085 shares of the company’s stock worth $161,659,000 after buying an additional 424,241 shares in the last quarter. Assetmark increased its position in Omnicom Group by 186,704.3% in the third quarter. Assetmark now owns 128,895 shares of the company’s stock worth $8,494,000 after buying an additional 128,826 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft purchased a new position in Omnicom Group during the third quarter worth about $6,378,000. Finally, TrimTabs Asset Management purchased a new position in Omnicom Group during the third quarter worth about $2,104,000.

Shares of Omnicom Group (NYSE:OMC) opened at 73.35 on Friday. Omnicom Group has a 52-week low of $64.12 and a 52-week high of $80.98. The stock has a 50 day moving average price of $72.64 and a 200-day moving average price of $71.69. The stock has a market capitalization of $17.77 billion and a PE ratio of 16.82.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 7th. Stockholders of record on Friday, December 18th were issued a $0.50 dividend. The ex-dividend date was Wednesday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.73%. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.40.

Omnicom Group Inc. is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (NYSE:OMC), public relations and specialty communications. Its services in these disciplines include advertising, brand consultancy, content marketing, corporate social responsibility consulting, crisis communications, data analytics and database management, among others. Its advertising brands include BBDO Worldwide, DDB Worldwide and TBWA Worldwide. The Company’s branded agency networks operate in geographic regions, including the Americas, which includes North America and Latin America; EMEA, which includes Europe, the Middle East and Africa, and Asia Pacific, which includes Australia, China, India, Japan, Korea, New Zealand, Singapore and other Asian countries.

12 Month Chart for NYSE:OMC

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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