New York State Common Retirement Fund Has $35.37 Million Stake in Omnicom Group Inc. (NYSE:OMC)

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New York State Common Retirement Fund decreased its position in Omnicom Group Inc. (NYSE:OMC) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 436,558 shares of the business services provider’s stock after selling 16,000 shares during the period. New York State Common Retirement Fund’s holdings in Omnicom Group were worth $35,370,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Omnicom Group by 12.5% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,522 shares of the business services provider’s stock valued at $3,639,000 after buying an additional 5,075 shares during the period. Corient Capital Partners LLC boosted its stake in shares of Omnicom Group by 8.1% during the 4th quarter. Corient Capital Partners LLC now owns 2,784 shares of the business services provider’s stock valued at $225,000 after buying an additional 209 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Omnicom Group by 15.3% during the 4th quarter. Victory Capital Management Inc. now owns 838,047 shares of the business services provider’s stock valued at $63,113,000 after buying an additional 111,204 shares during the period. XML Financial LLC acquired a new stake in shares of Omnicom Group during the 4th quarter valued at $205,000. Finally, CAPROCK Group Inc. boosted its stake in shares of Omnicom Group by 21.1% during the 4th quarter. CAPROCK Group Inc. now owns 5,824 shares of the business services provider’s stock valued at $476,000 after buying an additional 1,013 shares during the period.

A number of equities research analysts have issued reports on OMC shares. Cfra lowered shares of Omnicom Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $85.00 to $80.00 in a research note on Wednesday. ValuEngine lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company has an average rating of “Hold” and an average target price of $83.17.

Omnicom Group stock opened at $78.14 on Friday. The company has a market capitalization of $16.95 billion, a P/E ratio of 13.15, a P/E/G ratio of 2.39 and a beta of 0.68. The firm’s fifty day simple moving average is $78.64 and its 200-day simple moving average is $78.29. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 1.94. Omnicom Group Inc. has a 1-year low of $72.09 and a 1-year high of $85.05.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.07 billion. Omnicom Group had a net margin of 8.88% and a return on equity of 44.02%. Omnicom Group’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post 6.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.65 per share. The ex-dividend date is Monday, March 9th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.33%. Omnicom Group’s dividend payout ratio is currently 45.22%.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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