New York State Teachers Retirement System Has $17.41 Million Position in Omnicom Group Inc. (NYSE:OMC)

New York State Teachers Retirement System reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 5.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 168,372 shares of the business services provider's stock after selling 9,814 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Omnicom Group worth $17,408,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in OMC. Resonant Capital Advisors LLC boosted its position in Omnicom Group by 1.7% during the third quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider's stock worth $613,000 after purchasing an additional 97 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Omnicom Group by 17.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider's stock worth $66,000 after buying an additional 97 shares during the last quarter. Integrated Advisors Network LLC boosted its holdings in shares of Omnicom Group by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider's stock worth $279,000 after buying an additional 100 shares during the period. Iowa State Bank grew its stake in Omnicom Group by 0.4% in the 3rd quarter. Iowa State Bank now owns 24,447 shares of the business services provider's stock valued at $2,528,000 after buying an additional 101 shares during the last quarter. Finally, Center For Asset Management LLC raised its holdings in Omnicom Group by 2.6% in the 2nd quarter. Center For Asset Management LLC now owns 4,277 shares of the business services provider's stock valued at $384,000 after acquiring an additional 107 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of NYSE OMC traded up $0.08 during trading hours on Friday, hitting $101.08. 1,070,837 shares of the stock were exchanged, compared to its average volume of 1,523,969. Omnicom Group Inc. has a 1-year low of $74.41 and a 1-year high of $106.51. The company has a market cap of $19.72 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.95. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The company's fifty day simple moving average is $101.36 and its two-hundred day simple moving average is $95.91.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the business posted $1.86 EPS. On average, sell-side analysts predict that Omnicom Group Inc. will post 7.92 EPS for the current year.

Insider Buying and Selling at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares of the company's stock, valued at approximately $1,524,738.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Andrew Castellaneta sold 4,000 shares of the company's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,545 shares of the company's stock, valued at $2,479,053.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Bank of America boosted their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an "underperform" rating in a report on Thursday, September 5th. Wells Fargo & Company downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and boosted their price target for the company from $106.00 to $110.00 in a research note on Wednesday, October 16th. Barclays increased their price objective on Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Finally, Macquarie raised their price target on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $110.11.

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.