Dimensional Fund Advisors LP Has $19.41 Million Holdings in OM Asset Management PLC (OMAM)

Dimensional Fund Advisors LP raised its holdings in shares of OM Asset Management PLC (NYSE:OMAM) by 45.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,300,826 shares of the asset manager’s stock after purchasing an additional 407,716 shares during the period. Dimensional Fund Advisors LP owned 1.19% of OM Asset Management worth $19,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Voya Investment Management LLC increased its position in shares of OM Asset Management by 127.4% during the second quarter. Voya Investment Management LLC now owns 2,774,790 shares of the asset manager’s stock valued at $41,233,000 after acquiring an additional 1,554,720 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of OM Asset Management during the second quarter valued at approximately $18,212,000. Numeric Investors LLC increased its position in shares of OM Asset Management by 619.3% during the second quarter. Numeric Investors LLC now owns 550,300 shares of the asset manager’s stock valued at $8,177,000 after acquiring an additional 473,800 shares in the last quarter. Balyasny Asset Management LLC increased its position in shares of OM Asset Management by 53.6% during the second quarter. Balyasny Asset Management LLC now owns 1,106,553 shares of the asset manager’s stock valued at $16,443,000 after acquiring an additional 386,363 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of OM Asset Management by 66.7% during the third quarter. Jennison Associates LLC now owns 904,246 shares of the asset manager’s stock valued at $13,491,000 after acquiring an additional 361,946 shares in the last quarter. 64.96% of the stock is owned by institutional investors and hedge funds.

OMAM has been the subject of several analyst reports. Royal Bank of Canada set a $20.00 price target on shares of OM Asset Management and gave the company a “buy” rating in a research report on Saturday, December 16th. Citigroup raised their price target on shares of OM Asset Management from $18.50 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. ValuEngine raised shares of OM Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, November 9th. Finally, BidaskClub raised shares of OM Asset Management from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $19.43.

In other news, CAO Daniel K. Mahoney sold 2,000 shares of OM Asset Management stock in a transaction on Friday, November 17th. The shares were sold at an average price of $15.94, for a total transaction of $31,880.00. Following the transaction, the chief accounting officer now owns 7,493 shares in the company, valued at approximately $119,438.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Linda T. Gibson sold 46,357 shares of OM Asset Management stock in a transaction on Friday, December 1st. The stock was sold at an average price of $16.46, for a total transaction of $763,036.22. Following the transaction, the executive vice president now owns 146,193 shares in the company, valued at approximately $2,406,336.78. The disclosure for this sale can be found here. Insiders sold 56,257 shares of company stock worth $922,264 in the last 90 days. 1.48% of the stock is currently owned by corporate insiders.

Shares of OM Asset Management PLC (NYSE OMAM) opened at $18.46 on Tuesday. OM Asset Management PLC has a fifty-two week low of $13.20 and a fifty-two week high of $18.62. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market cap of $2,010.00, a P/E ratio of 28.84, a P/E/G ratio of 0.65 and a beta of 1.76.

OM Asset Management (NYSE:OMAM) last issued its earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $228.20 million for the quarter, compared to analysts’ expectations of $220.50 million. During the same quarter last year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. analysts expect that OM Asset Management PLC will post 1.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.95%. The ex-dividend date was Thursday, December 14th. OM Asset Management’s dividend payout ratio is currently 56.25%.

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About OM Asset Management

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

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