Mangrove Partners Has $13.02 Million Holdings in OM Asset Management PLC (OMAM)

Mangrove Partners grew its position in shares of OM Asset Management PLC (NYSE:OMAM) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 872,883 shares of the asset manager’s stock after purchasing an additional 140,704 shares during the quarter. OM Asset Management comprises approximately 2.2% of Mangrove Partners’ investment portfolio, making the stock its 12th largest position. Mangrove Partners owned approximately 0.80% of OM Asset Management worth $13,023,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in OMAM. Vanguard Group Inc. grew its position in shares of OM Asset Management by 15.3% during the 1st quarter. Vanguard Group Inc. now owns 1,001,315 shares of the asset manager’s stock worth $15,139,000 after buying an additional 133,054 shares during the period. Geode Capital Management LLC grew its position in shares of OM Asset Management by 29.9% during the 1st quarter. Geode Capital Management LLC now owns 260,144 shares of the asset manager’s stock worth $3,932,000 after buying an additional 59,907 shares during the period. Dimensional Fund Advisors LP grew its position in shares of OM Asset Management by 54.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 567,759 shares of the asset manager’s stock worth $8,584,000 after buying an additional 201,260 shares during the period. State Street Corp grew its position in shares of OM Asset Management by 13.9% during the 1st quarter. State Street Corp now owns 947,505 shares of the asset manager’s stock worth $14,330,000 after buying an additional 115,613 shares during the period. Finally, Strs Ohio grew its position in shares of OM Asset Management by 12.2% during the 2nd quarter. Strs Ohio now owns 54,400 shares of the asset manager’s stock worth $808,000 after buying an additional 5,900 shares during the period. Hedge funds and other institutional investors own 64.97% of the company’s stock.

Several analysts have recently commented on OMAM shares. BidaskClub raised shares of OM Asset Management from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 26th. Royal Bank Of Canada set a $18.00 price target on shares of OM Asset Management and gave the company a “buy” rating in a research report on Wednesday, October 18th. ValuEngine raised shares of OM Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. TheStreet raised 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 reissued 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 investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $18.08.

In other news, EVP Linda T. Gibson sold 46,357 shares of OM Asset Management stock in a transaction on Friday, December 1st. The stock was sold at an average price of $16.46, for a total transaction of $763,036.22. Following the sale, the executive vice president now directly owns 146,193 shares in the company, valued at approximately $2,406,336.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Daniel K. Mahoney sold 2,000 shares of OM Asset Management stock in a transaction on Friday, November 17th. The stock was sold at an average price of $15.94, for a total value of $31,880.00. Following the sale, the chief accounting officer now owns 7,493 shares in the company, valued at $119,438.42. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by company insiders.

OM Asset Management PLC (NYSE OMAM) remained flat at $$15.96 during midday trading on Monday. 403,200 shares of the company’s stock were exchanged, compared to its average volume of 557,954. OM Asset Management PLC has a 1-year low of $13.20 and a 1-year 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 firm has a market cap of $1,751.14, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.75 and a beta of 1.76.

OM Asset Management (NYSE:OMAM) last issued its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. OM Asset Management had a return on equity of 114.45% and a net margin of 9.49%. The business had revenue of $228.20 million for the quarter, compared to analysts’ expectations of $220.50 million. During the same period last year, the business earned $0.32 EPS. The business’s revenue was up 29.8% on a year-over-year basis. analysts forecast that OM Asset Management PLC will post 1.58 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, December 14th. OM Asset Management’s dividend payout ratio (DPR) is presently 52.94%.

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OM Asset Management Company Profile

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.

Institutional Ownership by Quarter for OM Asset Management (NYSE:OMAM)

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