Philadelphia Financial Management of San Francisco LLC lessened its position in shares of OM Asset Management PLC (NYSE:OMAM) by 45.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,136,053 shares of the asset manager’s stock after selling 949,902 shares during the quarter. OM Asset Management makes up about 2.8% of Philadelphia Financial Management of San Francisco LLC’s investment portfolio, making the stock its 15th largest position. Philadelphia Financial Management of San Francisco LLC owned 1.04% of OM Asset Management worth $19,029,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in OM Asset Management by 220.7% in the 4th 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 in the last quarter. Amalgamated Bank acquired a new stake in OM Asset Management in the 4th quarter valued at $172,000. FineMark National Bank & Trust acquired a new stake in OM Asset Management in the 4th quarter valued at $198,000. California Public Employees Retirement System acquired a new stake in OM Asset Management in the 4th quarter valued at $288,000. Finally, Wedge Capital Management L L P NC acquired a new stake in OM Asset Management in the 4th quarter valued at $294,000. 98.01% of the stock is currently owned by institutional investors.
Several brokerages recently commented on OMAM. Zacks Investment Research lowered OM Asset Management from a “buy” rating to a “hold” rating in a research note on Wednesday. Sandler O’Neill set a $19.00 price target on OM Asset Management and gave the company a “hold” rating in a research note 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 research note on Tuesday, January 9th. Finally, Royal Bank of Canada set a $20.00 price objective on OM Asset Management and gave the stock a “buy” rating in a research note on Saturday, December 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $19.43.
OM Asset Management PLC (NYSE:OMAM) remained flat at $$15.92 during trading on Wednesday. The company’s stock had a trading volume of 28,384 shares, compared to its average volume of 759,141. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $1,763.22, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. OM Asset Management PLC has a 1-year low of $13.20 and a 1-year high of $18.62.
OM Asset Management (NYSE:OMAM) last posted its quarterly earnings data on Thursday, February 1st. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $252.30 million for the quarter, compared to analyst estimates of $240.25 million. OM Asset Management had a return on equity of 129.15% and a net margin of 0.47%. The business’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. sell-side analysts anticipate that OM Asset Management PLC will post 1.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, March 15th. OM Asset Management’s dividend payout ratio is currently 1,800.00%.
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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