NorthCoast Asset Management LLC lifted its position in OM Asset Management PLC (NYSE:OMAM) by 4.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 149,149 shares of the asset manager’s stock after purchasing an additional 6,371 shares during the period. NorthCoast Asset Management LLC owned about 0.14% of OM Asset Management worth $2,498,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in OM Asset Management by 220.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,135 shares of the asset manager’s stock valued at $103,000 after buying an additional 4,222 shares during the period. Principal Financial Group Inc. purchased a new position in OM Asset Management during the second quarter valued at $156,000. BlueCrest Capital Management Ltd purchased a new position in OM Asset Management during the second quarter valued at $168,000. FineMark National Bank & Trust bought a new position in shares of OM Asset Management during the fourth quarter valued at $198,000. Finally, Legal & General Group Plc increased its holdings in shares of OM Asset Management by 19.2% during the second quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock valued at $244,000 after acquiring an additional 2,638 shares in the last quarter. Hedge funds and other institutional investors own 66.32% of the company’s stock.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded OM Asset Management from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Sandler O’Neill set a $19.00 price objective on OM Asset Management and gave the stock a “hold” rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $22.00 price objective on shares of OM Asset Management in a report on Tuesday, January 9th. Royal Bank of Canada set a $18.00 price objective on OM Asset Management and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, ValuEngine upgraded OM Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. OM Asset Management currently has a consensus rating of “Buy” and an average target price of $19.43.
In related news, CFO Stephen Belgrad sold 5,876 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $15.45, for a total value of $90,784.20. Following the transaction, the chief financial officer now directly owns 193,249 shares of the company’s stock, valued at approximately $2,985,697.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Linda T. Gibson sold 46,357 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $16.46, for a total value of $763,036.22. Following the completion of the transaction, the executive vice president now directly owns 146,193 shares in the company, valued at $2,406,336.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,652 shares of company stock worth $1,098,330. 1.48% of the stock is owned by insiders.
OM Asset Management PLC (OMAM) traded up $0.23 during mid-day trading on Wednesday, hitting $16.00. The stock had a trading volume of 593,513 shares, compared to its average volume of 818,733. OM Asset Management PLC has a 12-month low of $13.20 and a 12-month high of $18.62. 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 $1,701.76, a PE ratio of 788.00, a P/E/G ratio of 0.54 and a beta of 1.72.
OM Asset Management (NYSE:OMAM) last posted its quarterly earnings data on Thursday, February 1st. The asset manager reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 earned $0.33 EPS. The business’s quarterly revenue was up 32.9% on a year-over-year basis. equities analysts forecast that OM Asset Management PLC will post 1.94 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a $0.09 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a yield of 2.25%. OM Asset Management’s dividend payout ratio is presently 1,800.00%.
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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.
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