OM Asset Management PLC (NYSE:OMAM) EVP Christopher Hadley sold 754 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $15.87, for a total value of $11,965.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
OM Asset Management PLC (NYSE:OMAM) opened at $15.78 on Friday. OM Asset Management PLC has a fifty-two week low of $13.20 and a fifty-two week high of $18.62. The stock has a market capitalization of $1,731.38, a price-to-earnings ratio of 789.00, a PEG ratio of 0.55 and a beta of 1.72. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.65 and a quick ratio of 1.65.
OM Asset Management (NYSE:OMAM) last announced its quarterly earnings results on Thursday, February 1st. The asset manager reported $0.44 earnings per share (EPS) 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 business had revenue of $252.30 million for the quarter, compared to the consensus estimate of $240.25 million. During the same period last year, the business posted $0.33 EPS. The business’s revenue was up 32.9% compared to the same quarter last year. sell-side analysts anticipate that OM Asset Management PLC will post 1.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.28%. OM Asset Management’s dividend payout ratio is presently 1,800.00%.
Several large investors have recently made changes to their positions in OMAM. Schwab Charles Investment Management Inc. increased its holdings in shares of OM Asset Management by 52.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 90,300 shares of the asset manager’s stock valued at $1,342,000 after acquiring an additional 31,200 shares during the period. Alliancebernstein L.P. increased its holdings in shares of OM Asset Management by 83.6% in the 2nd quarter. Alliancebernstein L.P. now owns 121,560 shares of the asset manager’s stock valued at $1,806,000 after acquiring an additional 55,368 shares during the period. Northern Trust Corp increased its holdings in shares of OM Asset Management by 38.6% in the 2nd quarter. Northern Trust Corp now owns 589,036 shares of the asset manager’s stock valued at $8,754,000 after acquiring an additional 164,062 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of OM Asset Management by 5.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,032 shares of the asset manager’s stock valued at $550,000 after acquiring an additional 1,981 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of OM Asset Management by 57.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 893,110 shares of the asset manager’s stock valued at $13,273,000 after acquiring an additional 325,351 shares during the period. Institutional investors and hedge funds own 66.32% of the company’s stock.
Several research firms have commented on OMAM. 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 restated a “buy” rating and set a $22.00 price objective on shares of OM Asset Management in a report on Tuesday, January 9th. Zacks Investment Research upgraded OM Asset Management from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, January 4th. Royal Bank of Canada set a $20.00 price objective on OM Asset Management and gave the stock a “buy” rating in a report on Saturday, December 16th. Finally, Citigroup raised their price objective on OM Asset Management from $18.50 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $19.43.
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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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