Insider Selling: OM Asset Management PLC (OMAM) EVP Sells 754 Shares of Stock

OM Asset Management PLC (NYSE:OMAM) EVP Christopher Hadley sold 754 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $15.87, for a total transaction of $11,965.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of OM Asset Management PLC (NYSE:OMAM) opened at $15.78 on Monday. OM Asset Management PLC has a 1-year low of $13.20 and a 1-year high of $18.62. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 3.23. The stock has a market cap of $1,731.39, a P/E ratio of 9.68, a PEG ratio of 0.55 and a beta of 1.72.

OM Asset Management (NYSE:OMAM) last released its quarterly earnings results on Thursday, February 1st. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. OM Asset Management had a net margin of 0.47% and a return on equity of 125.33%. The business had revenue of $252.30 million for the quarter, compared to analyst estimates of $240.25 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s revenue was up 32.9% compared to the same quarter last year. analysts forecast that OM Asset Management PLC will post 1.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.28%. OM Asset Management’s dividend payout ratio is currently 1,800.00%.

Several hedge funds have recently added to or reduced their stakes in OMAM. Jennison Associates LLC raised its holdings in shares of OM Asset Management by 93.1% during the fourth quarter. Jennison Associates LLC now owns 1,746,035 shares of the asset manager’s stock valued at $29,246,000 after acquiring an additional 841,789 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of OM Asset Management by 45.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,300,826 shares of the asset manager’s stock valued at $19,407,000 after acquiring an additional 407,716 shares during the period. Renaissance Technologies LLC raised its holdings in shares of OM Asset Management by 51.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,172,800 shares of the asset manager’s stock valued at $19,644,000 after acquiring an additional 397,000 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of OM Asset Management during the fourth quarter valued at approximately $5,731,000. Finally, Deutsche Bank AG raised its holdings in shares of OM Asset Management by 45.2% during the fourth quarter. Deutsche Bank AG now owns 1,094,004 shares of the asset manager’s stock valued at $18,323,000 after acquiring an additional 340,788 shares during the period. Institutional investors and hedge funds own 70.52% of the company’s stock.

A number of analysts recently commented on OMAM shares. Royal Bank of Canada set a $20.00 target price on shares of OM Asset Management and gave the stock a “buy” rating in a report on Saturday, December 16th. Zacks Investment Research upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, November 9th. Citigroup boosted their target price on shares of OM Asset Management from $18.50 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. ValuEngine upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $22.00 target price on shares of OM Asset Management in a report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. OM Asset Management 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.

Insider Buying and Selling by Quarter for OM Asset Management (NYSE:OMAM)

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