Teacher Retirement System of Texas Boosts Stake in Omnicom Group Inc. (NYSE:OMC)

Teacher Retirement System of Texas increased its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 225.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,014 shares of the business services provider's stock after purchasing an additional 125,470 shares during the period. Teacher Retirement System of Texas owned 0.09% of Omnicom Group worth $15,574,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ProVise Management Group LLC grew its position in shares of Omnicom Group by 2.6% in the 4th quarter. ProVise Management Group LLC now owns 101,511 shares of the business services provider's stock worth $8,734,000 after buying an additional 2,565 shares during the period. Xponance Inc. grew its holdings in Omnicom Group by 4.2% in the fourth quarter. Xponance Inc. now owns 31,266 shares of the business services provider's stock worth $2,690,000 after purchasing an additional 1,273 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of Omnicom Group during the fourth quarter valued at approximately $1,481,000. Cibc World Markets Corp lifted its holdings in shares of Omnicom Group by 2.0% during the fourth quarter. Cibc World Markets Corp now owns 158,025 shares of the business services provider's stock valued at $13,596,000 after purchasing an additional 3,054 shares during the last quarter. Finally, Gold Investment Management Ltd. lifted its holdings in shares of Omnicom Group by 2.0% during the fourth quarter. Gold Investment Management Ltd. now owns 11,442 shares of the business services provider's stock valued at $984,000 after purchasing an additional 219 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

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Omnicom Group Stock Performance

Omnicom Group stock traded up $0.95 during midday trading on Tuesday, reaching $80.38. 2,869,420 shares of the company traded hands, compared to its average volume of 1,923,817. Omnicom Group Inc. has a 12 month low of $78.69 and a 12 month high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The business has a 50 day moving average of $83.53 and a two-hundred day moving average of $92.81. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the previous year, the business posted $2.20 EPS. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.48%. Omnicom Group's dividend payout ratio is currently 37.58%.

Analyst Ratings Changes

A number of research analysts recently weighed in on OMC shares. Macquarie reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their price target on 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. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $105.75.

Omnicom Group 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.