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Victory Capital Management Inc. Sells 197,000 Shares of Omnicom Group Inc. $OMC
Victory Capital Management Inc. has reduced its stake in Omnicom Group Inc. by selling 197,000 shares, decreasing its holdings by 11.5%. Despite this, other institutional investors have increased their positions in Omnicom. Analysts have issued varied ratings for Omnicom, with a consensus “Hold” rating and an average target price of $95.00, while the company itself announced a $5 billion stock buyback program and a quarterly dividend.