Engineers Gate Manager LP lowered its position in shares of OM Asset Management PLC (NYSE:OMAM) by 39.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 59,937 shares of the asset manager’s stock after selling 38,240 shares during the period. Engineers Gate Manager LP owned 0.05% of OM Asset Management worth $894,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Sirios Capital Management L P grew its position in OM Asset Management by 8.6% in the 3rd quarter. Sirios Capital Management L P now owns 1,733,176 shares of the asset manager’s stock valued at $25,859,000 after buying an additional 137,779 shares in the last quarter. California State Teachers Retirement System grew its position in OM Asset Management by 23.5% in the 3rd quarter. California State Teachers Retirement System now owns 120,990 shares of the asset manager’s stock valued at $1,805,000 after buying an additional 23,048 shares in the last quarter. Stifel Financial Corp grew its position in OM Asset Management by 47.2% in the 3rd quarter. Stifel Financial Corp now owns 109,733 shares of the asset manager’s stock valued at $1,647,000 after buying an additional 35,205 shares in the last quarter. OxFORD Asset Management LLP grew its position in OM Asset Management by 33.6% in the 3rd quarter. OxFORD Asset Management LLP now owns 267,060 shares of the asset manager’s stock valued at $3,910,000 after buying an additional 67,126 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in OM Asset Management by 45.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,300,826 shares of the asset manager’s stock valued at $19,407,000 after buying an additional 407,716 shares in the last quarter. Institutional investors and hedge funds own 64.97% of the company’s stock.
Shares of OM Asset Management PLC (OMAM) traded up $0.02 during midday trading on Thursday, reaching $16.21. 438,300 shares of the company’s stock were exchanged, compared to its average volume of 556,900. OM Asset Management PLC has a 52 week low of $13.20 and a 52 week high of $16.74. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.23. The firm has a market cap of $1,776.37, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 0.76 and a beta of 1.76.
OM Asset Management (NYSE:OMAM) last issued its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 period in the prior year, the company earned $0.32 EPS. OM Asset Management’s revenue was up 29.8% on a year-over-year basis. sell-side analysts anticipate that OM Asset Management PLC will post 1.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, December 14th. OM Asset Management’s payout ratio is 52.94%.
In other OM Asset Management news, EVP Linda T. Gibson sold 46,357 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $16.46, for a total transaction of $763,036.22. Following the completion of the sale, the executive vice president now directly owns 146,193 shares of the company’s stock, valued at $2,406,336.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Daniel K. Mahoney sold 2,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $15.94, for a total transaction of $31,880.00. Following the sale, the chief accounting officer now directly owns 7,493 shares of the company’s stock, valued at $119,438.42. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by corporate insiders.
A number of brokerages recently issued reports on OMAM. Zacks Investment Research upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, October 11th. ValuEngine lowered shares of OM Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Citigroup increased their target price on shares of OM Asset Management from $18.50 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. BidaskClub upgraded shares of OM Asset Management from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $17.50 price target on shares of OM Asset Management in a 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’s stock. The company has an average rating of “Buy” and an average price target of $18.08.
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OM Asset Management 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.
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