Teacher Retirement System of Texas lowered its stake in Omnicom Group Inc. (NYSE:OMC) by 62.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 167,422 shares of the business services provider’s stock after selling 280,874 shares during the quarter. Teacher Retirement System of Texas’ holdings in Omnicom Group were worth $12,193,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of OMC. First Eagle Investment Management LLC lifted its stake in shares of Omnicom Group by 12.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock worth $1,118,541,000 after purchasing an additional 1,671,452 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Omnicom Group by 6.1% during the 3rd quarter. Pzena Investment Management LLC now owns 6,343,295 shares of the business services provider’s stock worth $469,848,000 after purchasing an additional 364,309 shares during the period. Longview Partners Guernsey LTD lifted its stake in shares of Omnicom Group by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock worth $418,769,000 after purchasing an additional 1,653,208 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Omnicom Group by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,827,716 shares of the business services provider’s stock worth $357,589,000 after purchasing an additional 140,862 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Omnicom Group by 3.0% during the 3rd quarter. Mackenzie Financial Corp now owns 4,412,123 shares of the business services provider’s stock worth $326,806,000 after purchasing an additional 127,320 shares during the period. 98.62% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on OMC shares. Credit Suisse Group increased their price target on Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Telsey Advisory Group raised Omnicom Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $86.00 to $89.00 in a research note on Wednesday, October 18th. TheStreet lowered Omnicom Group from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st. Morgan Stanley increased their price target on Omnicom Group from $72.00 to $76.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 31st. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $75.00 price target (down previously from $81.00) on shares of Omnicom Group in a research note on Thursday, January 18th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Omnicom Group has an average rating of “Hold” and a consensus price target of $83.64.

Shares of Omnicom Group Inc. (NYSE:OMC) opened at $78.78 on Tuesday. The company has a market capitalization of $17,739.49, a price-to-earnings ratio of 15.48, a PEG ratio of 2.51 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62. Omnicom Group Inc. has a twelve month low of $65.32 and a twelve month high of $86.71.

In other news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the sale, the insider now directly owns 21,271 shares in the company, valued at approximately $1,580,648.01. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

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About Omnicom Group

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 all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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

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