James Joseph Ritchie Sells 7,900 Shares of OM Asset Management PLC (OMAM) Stock

OM Asset Management PLC (NYSE:OMAM) Director James Joseph Ritchie sold 7,900 shares of OM Asset Management stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.12, for a total transaction of $127,348.00. Following the completion of the transaction, the director now directly owns 18,372 shares of the company’s stock, valued at $296,156.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

OM Asset Management PLC (NYSE:OMAM) traded up $0.52 during trading hours on Friday, hitting $16.73. 996,690 shares of the stock traded hands, compared to its average volume of 556,807. OM Asset Management PLC has a twelve month low of $13.20 and a twelve month high of $16.92. The company has a debt-to-equity ratio of 3.23, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market cap of $1,835.62, a price-to-earnings ratio of 11.01, a P/E/G ratio of 0.78 and a beta of 1.76.

OM Asset Management (NYSE:OMAM) last posted its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.43 EPS for the quarter, beating the 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 business had revenue of $228.20 million during the quarter, compared to analyst estimates of $220.50 million. During the same quarter in the previous year, the business posted $0.32 EPS. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. sell-side analysts expect that OM Asset Management PLC will post 1.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, December 14th. OM Asset Management’s payout ratio is currently 52.94%.

OMAM has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $17.50 price objective on shares of OM Asset Management in a research note on Tuesday, September 5th. ValuEngine lowered shares of OM Asset Management from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. BidaskClub upgraded shares of OM Asset Management from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 26th. Zacks Investment Research lowered shares of OM Asset Management from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, TheStreet upgraded shares of OM Asset Management from a “d” rating to a “c” rating in a report on Monday, October 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $18.42.

Several institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC grew its position in shares of OM Asset Management by 4.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,393,659 shares of the asset manager’s stock worth $50,430,000 after buying an additional 155,366 shares during the last quarter. Neuberger Berman Group LLC grew its position in OM Asset Management by 20.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,956,298 shares of the asset manager’s stock worth $43,931,000 after purchasing an additional 502,805 shares during the last quarter. Goldman Sachs Group Inc. grew its position in OM Asset Management by 13.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,899,248 shares of the asset manager’s stock worth $43,083,000 after purchasing an additional 346,124 shares during the last quarter. Voya Investment Management LLC grew its position in OM Asset Management by 127.4% during the 2nd quarter. Voya Investment Management LLC now owns 2,774,790 shares of the asset manager’s stock worth $41,233,000 after purchasing an additional 1,554,720 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its position in OM Asset Management by 2.1% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 2,194,088 shares of the asset manager’s stock worth $32,736,000 after purchasing an additional 45,490 shares during the last quarter. 64.97% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for OM Asset Management (NYSE:OMAM)

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