OM Asset Management PLC (NYSE:OMAM) Shares Bought by Citadel Advisors LLC

Citadel Advisors LLC lifted its position in shares of OM Asset Management PLC (NYSE:OMAM) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,881,439 shares of the asset manager’s stock after purchasing an additional 154,519 shares during the quarter. Citadel Advisors LLC owned 1.71% of OM Asset Management worth $28,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. William Blair Investment Management LLC lifted its position in OM Asset Management by 4.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,393,659 shares of the asset manager’s stock valued at $50,430,000 after acquiring an additional 155,366 shares in the last quarter. Neuberger Berman Group LLC lifted its position in OM Asset Management 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in OM Asset Management 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 in the last quarter. Voya Investment Management LLC lifted its position in OM Asset Management by 127.4% during the 2nd quarter. Voya Investment Management LLC now owns 2,774,790 shares of the asset manager’s stock worth $41,233,000 after buying an additional 1,554,720 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its position in OM Asset Management by 2.1% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 2,194,088 shares of the asset manager’s stock worth $32,736,000 after buying an additional 45,490 shares in the last quarter. 64.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of OM Asset Management PLC (NYSE OMAM) traded down $0.43 during trading hours on Wednesday, reaching $15.98. 602,300 shares of the company traded hands, compared to its average volume of 559,861. The company has a market cap of $1,800.51, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 0.77 and a beta of 1.76. The company has a debt-to-equity ratio of 3.23, a quick ratio of 1.65 and a current ratio of 1.65. OM Asset Management PLC has a fifty-two week low of $13.20 and a fifty-two week high of $16.74.

OM Asset Management (NYSE:OMAM) last issued its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. OM Asset Management had a net margin of 9.49% and a return on equity of 114.45%. The business had revenue of $228.20 million during the quarter, compared to the consensus estimate of $220.50 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. equities analysts predict that OM Asset Management PLC will post 1.58 earnings per share for the current fiscal year.

The company also recently disclosed 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 2.25%. The ex-dividend date is Thursday, December 14th. OM Asset Management’s dividend payout ratio (DPR) is presently 52.94%.

In other OM Asset Management news, CAO Daniel K. Mahoney sold 2,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $15.94, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Linda T. Gibson sold 46,357 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $16.46, for a total transaction 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. Corporate insiders own 1.48% of the company’s stock.

Several equities research analysts have commented on OMAM shares. BidaskClub raised shares of OM Asset Management from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 26th. Royal Bank Of Canada set a $18.00 price target on shares of OM Asset Management and gave the stock a “buy” rating in a research report on Wednesday, October 18th. ValuEngine upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. TheStreet upgraded shares of OM Asset Management from a “d” rating to a “c” rating in a research note on Monday, October 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $17.50 price objective on shares of OM Asset Management in a research note on Tuesday, September 5th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. OM Asset Management has a consensus rating of “Buy” and an average target price of $18.08.

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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.

Institutional Ownership by Quarter for OM Asset Management (NYSE:OMAM)

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