OM Asset Management PLC (NYSE:OMAM) EVP Linda T. Gibson sold 46,357 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 146,193 shares of the company’s stock, valued at approximately $2,406,336.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
OM Asset Management PLC (NYSE:OMAM) opened at $16.41 on Tuesday. OM Asset Management PLC has a fifty-two week low of $13.20 and a fifty-two week high of $16.74. 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 $1,807.09, a price-to-earnings ratio of 10.84, a P/E/G ratio of 0.77 and a beta of 1.76.
OM Asset Management (NYSE:OMAM) last released its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $220.50 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. analysts forecast that OM Asset Management PLC will post 1.58 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC grew its position in shares of OM Asset Management by 9,568.1% in the second quarter. Citadel Advisors LLC now owns 1,726,920 shares of the asset manager’s stock valued at $25,662,000 after purchasing an additional 1,709,058 shares during the period. Voya Investment Management LLC grew its position in shares of OM Asset Management by 127.4% in 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 purchasing an additional 1,554,720 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of OM Asset Management in the second quarter valued at about $18,212,000. Thrivent Financial For Lutherans acquired a new stake in shares of OM Asset Management in the second quarter valued at about $14,219,000. Finally, JPMorgan Chase & Co. grew its position in shares of OM Asset Management by 111.1% in the second quarter. JPMorgan Chase & Co. now owns 1,061,433 shares of the asset manager’s stock valued at $15,773,000 after purchasing an additional 558,711 shares during the period. 64.97% of the stock is owned by institutional investors.
Several brokerages recently issued reports on OMAM. ValuEngine raised shares of OM Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.50 target price on shares of OM Asset Management in a report on Tuesday, September 5th. Zacks Investment Research cut shares of OM Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Royal Bank Of Canada set a $18.00 target price on shares of OM Asset Management and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, BidaskClub raised shares of OM Asset Management from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.08.
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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