OM Asset Management PLC (NYSE:OMAM) CAO Daniel K. Mahoney sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $15.94, for a total transaction of $31,880.00. Following the transaction, the chief accounting officer now directly owns 7,493 shares of the company’s stock, valued at $119,438.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

OM Asset Management PLC (NYSE OMAM) traded up $0.02 on Tuesday, reaching $15.94. 431,600 shares of the company’s stock traded hands, compared to its average volume of 555,258. 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 $1,746.75, a PE ratio of 10.47, a PEG ratio of 0.74 and a beta of 1.74. OM Asset Management PLC has a 52-week low of $13.20 and a 52-week high of $16.14.

OM Asset Management PLC (NYSE:OMAM) last issued its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. OM Asset Management PLC 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 analysts’ expectations of $220.50 million. During the same quarter in the previous year, the company earned $0.32 EPS. OM Asset Management PLC’s revenue was up 29.8% on a year-over-year basis. sell-side analysts expect that OM Asset Management PLC will post 1.58 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, December 14th. OM Asset Management PLC’s dividend payout ratio is 52.94%.

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Large investors have recently modified their holdings of the company. Neuberger Berman Group LLC grew its position in shares of OM Asset Management PLC 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 buying an additional 502,805 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of OM Asset Management PLC during the 2nd quarter worth approximately $5,431,000. TIAA CREF Investment Management LLC grew its position in shares of OM Asset Management PLC by 18.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 662,525 shares of the asset manager’s stock worth $9,845,000 after buying an additional 103,447 shares during the period. Goldman Sachs Group Inc. grew its position in shares of OM Asset Management PLC 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 buying an additional 346,124 shares during the period. Finally, ClariVest Asset Management LLC acquired a new stake in shares of OM Asset Management PLC during the 2nd quarter worth approximately $3,732,000. Institutional investors own 64.72% of the company’s stock.

A number of research firms have recently commented on OMAM. Zacks Investment Research raised shares of OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday, October 11th. ValuEngine raised shares of OM Asset Management PLC from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of OM Asset Management PLC from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 26th. TheStreet raised shares of OM Asset Management PLC from a “d” rating to a “c” rating in a report on Monday, October 9th. Finally, Citigroup Inc. lifted their price target on shares of OM Asset Management PLC from $18.50 to $20.00 and gave the company a “buy” rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $18.08.

About OM Asset Management PLC

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 PLC (NYSE:OMAM)

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