OM Asset Management PLC (NYSE:OMAM) CFO Stephen Belgrad sold 5,876 shares of OM Asset Management stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $15.45, for a total value of $90,784.20. Following the sale, the chief financial officer now directly owns 193,249 shares in the company, valued at $2,985,697.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
OM Asset Management PLC (OMAM) traded up $0.26 during midday trading on Tuesday, reaching $15.77. The company’s stock had a trading volume of 871,982 shares, compared to its average volume of 828,356. 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 capitalization of $1,720.00, a P/E ratio of 523.00, a price-to-earnings-growth ratio of 0.53 and a beta of 1.72. OM Asset Management PLC has a 12 month low of $13.20 and a 12 month high of $18.62.
OM Asset Management (NYSE:OMAM) last released its quarterly earnings data on Thursday, February 1st. The asset manager reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $252.30 million for the quarter, compared to the consensus estimate of $240.25 million. OM Asset Management had a return on equity of 125.33% and a net margin of 0.47%. The company’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. equities analysts expect that OM Asset Management PLC will post 1.94 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC raised its stake in shares of OM Asset Management by 8.9% in the third quarter. Citadel Advisors LLC now owns 1,881,439 shares of the asset manager’s stock valued at $28,071,000 after acquiring an additional 154,519 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of OM Asset Management by 26.4% in the third quarter. Bank of New York Mellon Corp now owns 279,067 shares of the asset manager’s stock valued at $4,163,000 after acquiring an additional 58,342 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of OM Asset Management by 23.9% in the second quarter. California State Teachers Retirement System now owns 97,942 shares of the asset manager’s stock valued at $1,455,000 after acquiring an additional 18,900 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of OM Asset Management by 57.3% in the second 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 last quarter. Finally, Sterling Capital Management LLC bought a new position in shares of OM Asset Management in the third quarter valued at approximately $1,730,000. 66.32% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on OMAM. 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 set a $22.00 price objective on shares of OM Asset Management in a report on Tuesday, January 9th. Zacks Investment Research raised 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 company a “buy” rating in a report on Saturday, December 16th. Finally, Citigroup lifted their price objective on OM Asset Management from $18.50 to $20.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target 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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