OM Asset Management PLC (NYSE:OMAM) EVP Linda T. Gibson sold 46,357 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $16.46, for a total transaction of $763,036.22. Following the completion of the transaction, the executive vice president now owns 146,193 shares of the company’s stock, valued at approximately $2,406,336.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
OM Asset Management PLC (NYSE:OMAM) traded up $0.09 during mid-day trading on Wednesday, reaching $16.19. 393,000 shares of the company’s stock were exchanged, compared to its average volume of 557,396. OM Asset Management PLC has a 12 month low of $13.20 and a 12 month high of $16.74. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 3.23. The stock has a market cap of $1,766.50, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 0.75 and a beta of 1.76.
OM Asset Management (NYSE:OMAM) last released its earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. OM Asset Management had a net margin of 9.49% and a return on equity of 114.45%. The company had revenue of $228.20 million during the quarter, compared to the consensus estimate of $220.50 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The company’s revenue was up 29.8% compared to the same quarter last year. analysts expect that OM Asset Management PLC will post 1.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.22%. OM Asset Management’s dividend payout ratio (DPR) is 52.94%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of OM Asset Management by 1.0% during the 1st quarter. Bank of America Corp DE now owns 139,704 shares of the asset manager’s stock worth $2,112,000 after purchasing an additional 1,362 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in OM Asset Management by 22.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock valued at $119,000 after buying an additional 1,488 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in OM Asset Management by 5.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,032 shares of the asset manager’s stock valued at $550,000 after buying an additional 1,981 shares during the last quarter. Legal & General Group Plc grew its stake in OM Asset Management by 19.2% in the 2nd quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock valued at $244,000 after buying an additional 2,638 shares during the last quarter. Finally, Strs Ohio grew its stake in OM Asset Management by 12.2% in the 2nd quarter. Strs Ohio now owns 54,400 shares of the asset manager’s stock valued at $808,000 after buying an additional 5,900 shares during the last quarter. Institutional investors own 64.97% of the company’s stock.
A number of brokerages recently weighed in on OMAM. BidaskClub upgraded shares of OM Asset Management from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 26th. Royal Bank of Canada set a $18.00 target price on shares of OM Asset Management and gave the stock a “buy” rating in a report on Wednesday, October 18th. ValuEngine upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. TheStreet upgraded shares of OM Asset Management from a “d” rating to a “c” rating in a research report on Monday, October 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $17.50 price target on shares of OM Asset Management in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $18.08.
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About OM Asset Management
OM Asset Management plc is a global, diversified, multi-boutique asset management company. As of December 31, 2016, the Company operated its business through its eight Affiliates, each of which operated autonomously and employed its own investment processes. Its Affiliates include Acadian Asset Management LLC; Barrow, Hanley, Mewhinney & Strauss, LLC; Campbell Global, LLC; Copper Rock Capital Partners LLC; Heitman LLC; Investment Counselors of Maryland, LLC; Landmark Partners, LLC, and Thompson, Siegel & Walmsley LLC.
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