Teacher Retirement System of Texas increased its position in Omnicom Group Inc. (NYSE:OMC) by 50.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 448,296 shares of the business services provider’s stock after purchasing an additional 150,983 shares during the period. Teacher Retirement System of Texas owned approximately 0.19% of Omnicom Group worth $33,205,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC lifted its stake in Omnicom Group by 15,279.3% during the 2nd quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock valued at $414,191,000 after acquiring an additional 4,963,787 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Omnicom Group by 501.5% during the 2nd quarter. Nordea Investment Management AB now owns 2,201,826 shares of the business services provider’s stock valued at $182,531,000 after purchasing an additional 1,835,749 shares during the last quarter. First Eagle Investment Management LLC increased its position 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 valued at $1,118,541,000 after purchasing an additional 1,671,452 shares during the last quarter. Longview Partners Guernsey LTD increased its position 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 valued at $418,769,000 after purchasing an additional 1,653,208 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Omnicom Group by 90.0% during the 2nd quarter. Alliancebernstein L.P. now owns 2,652,302 shares of the business services provider’s stock valued at $219,876,000 after purchasing an additional 1,256,005 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.
Shares of Omnicom Group Inc. (OMC) traded up $0.37 on Tuesday, hitting $67.92. The stock had a trading volume of 2,348,800 shares, compared to its average volume of 1,870,398. The company has a market cap of $15,572.48, a P/E ratio of 13.59, a PEG ratio of 1.82 and a beta of 1.22. 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 12-month low of $65.32 and a 12-month high of $89.66.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.06 EPS. equities research analysts expect that Omnicom Group Inc. will post 5.11 EPS for the current year.
Several brokerages have recently issued reports on OMC. Royal Bank Of Canada set a $96.00 target price on Omnicom Group and gave the company a “buy” rating in a research report on Saturday, July 22nd. Zacks Investment Research lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub lowered Omnicom Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a research report on Wednesday, September 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $82.00 target price on shares of Omnicom Group in a research report on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $84.00.
In other news, Director Linda Johnson Rice sold 489 shares of Omnicom Group stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $74.32, for a total transaction of $36,342.48. Following the completion of the sale, the director now owns 7,777 shares in the company, valued at approximately $577,986.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.
Omnicom Group Company Profile
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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