New York State Common Retirement Fund Has $9.90 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

New York State Common Retirement Fund trimmed its holdings in Omnicom Group Inc. (NYSE:OMC) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,082 shares of the business services provider’s stock after selling 7,000 shares during the period. New York State Common Retirement Fund owned 0.06% of Omnicom Group worth $9,902,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Omnicom Group by 57.3% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,114 shares of the business services provider’s stock valued at $784,000 after acquiring an additional 3,321 shares during the period. Proactive Wealth Strategies LLC lifted its position in Omnicom Group by 6.7% during the fourth quarter. Proactive Wealth Strategies LLC now owns 3,486 shares of the business services provider’s stock worth $300,000 after purchasing an additional 220 shares during the period. BKM Wealth Management LLC grew its stake in Omnicom Group by 8.9% during the fourth quarter. BKM Wealth Management LLC now owns 13,916 shares of the business services provider’s stock worth $1,197,000 after buying an additional 1,134 shares in the last quarter. Kestra Investment Management LLC increased its holdings in Omnicom Group by 63.8% in the 4th quarter. Kestra Investment Management LLC now owns 4,156 shares of the business services provider’s stock valued at $358,000 after buying an additional 1,618 shares during the period. Finally, Atria Wealth Solutions Inc. raised its position in shares of Omnicom Group by 34.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 6,465 shares of the business services provider’s stock valued at $558,000 after buying an additional 1,661 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Up 0.1 %

Shares of NYSE OMC opened at $83.84 on Wednesday. The company has a 50 day simple moving average of $85.19 and a 200 day simple moving average of $95.08. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a 1 year low of $80.31 and a 1 year high of $107.00. The firm has a market cap of $16.47 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter last year, the firm earned $2.20 EPS. On average, research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. 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 3.34%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analysts Set New Price Targets

OMC has been the topic of several analyst reports. Barclays reduced their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Macquarie reiterated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company dropped their price objective 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. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.25.

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.