National Investment Services Inc. WI purchased a new stake in OM Asset Management PLC (NYSE:OMAM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,918 shares of the asset manager’s stock, valued at approximately $334,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OMAM. Oppenheimer Asset Management Inc. increased its stake in shares of OM Asset Management by 22.9% in the second 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 period. Parametric Portfolio Associates LLC boosted its position in shares of OM Asset Management by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,032 shares of the asset manager’s stock valued at $550,000 after purchasing an additional 1,981 shares in the last quarter. Legal & General Group Plc boosted its position in shares of OM Asset Management by 19.2% during the 2nd quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock valued at $244,000 after purchasing an additional 2,638 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of OM Asset Management by 0.8% during the 2nd quarter. Wells Fargo & Company MN now owns 838,114 shares of the asset manager’s stock valued at $12,453,000 after purchasing an additional 6,774 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its position in shares of OM Asset Management by 41.1% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 23,539 shares of the asset manager’s stock valued at $351,000 after purchasing an additional 6,861 shares in the last quarter. Institutional investors and hedge funds own 64.97% of the company’s stock.
OM Asset Management PLC (OMAM) traded down $0.16 during mid-day trading on Friday, hitting $17.50. The company’s stock had a trading volume of 685,442 shares, compared to its average volume of 552,880. OM Asset Management PLC has a 1 year low of $13.20 and a 1 year high of $18.62. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market cap of $1,920.00, a P/E ratio of 583.33, a price-to-earnings-growth ratio of 0.63 and a beta of 1.72.
OM Asset Management (NYSE:OMAM) last issued its quarterly earnings results on Thursday, February 1st. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. OM Asset Management had a return on equity of 125.33% and a net margin of 0.47%. The firm had revenue of $252.30 million for the quarter, compared to analysts’ expectations of $240.25 million. During the same period in the previous year, the firm posted $0.33 EPS. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. research analysts forecast that OM Asset Management PLC will post 1.9 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a $0.09 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.36 annualized dividend and a yield of 2.06%. OM Asset Management’s dividend payout ratio (DPR) is presently 1,200.00%.
In other OM Asset Management news, CAO Daniel K. Mahoney sold 2,000 shares of the 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 completion of the transaction, the chief accounting officer now owns 7,493 shares of the company’s stock, valued at approximately $119,438.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Linda T. Gibson sold 46,357 shares of the 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 transaction, the executive vice president now directly owns 146,193 shares of the company’s stock, valued at approximately $2,406,336.78. The disclosure for this sale can be found here. Insiders sold a total of 56,257 shares of company stock worth $922,264 over the last ninety days. 1.48% of the stock is currently owned by insiders.
Several research analysts have issued reports on the company. TheStreet upgraded OM Asset Management from a “d” rating to a “c” rating in a report on Monday, October 9th. Zacks Investment Research downgraded OM Asset Management from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Sandler O’Neill set a $19.00 target price on OM Asset Management and gave the stock a “hold” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $22.00 price target on shares of OM Asset Management in a report on Tuesday, January 9th. Finally, Royal Bank of Canada set a $18.00 price target on OM Asset Management and gave the stock a “buy” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. OM Asset Management has an average rating of “Buy” and a consensus target price of $19.43.
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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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