OxFORD Asset Management LLP grew its position in OM Asset Management PLC (NYSE:OMAM) by 33.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267,060 shares of the asset manager’s stock after buying an additional 67,126 shares during the quarter. OxFORD Asset Management LLP owned 0.24% of OM Asset Management worth $3,910,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in shares of OM Asset Management by 22.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock worth $119,000 after buying an additional 1,488 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of OM Asset Management in the second quarter worth about $156,000. SG Americas Securities LLC purchased a new stake in shares of OM Asset Management in the second quarter worth about $159,000. BlueCrest Capital Management Ltd purchased a new stake in shares of OM Asset Management in the second quarter worth about $168,000. Finally, Legal & General Group Plc boosted its stake in shares of OM Asset Management by 19.2% in the second quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock worth $244,000 after buying an additional 2,638 shares during the last quarter. 64.97% of the stock is owned by hedge funds and other institutional investors.
OM Asset Management PLC (NYSE:OMAM) traded up $0.01 during midday trading on Friday, hitting $15.96. The stock had a trading volume of 340,500 shares, compared to its average volume of 558,610. The stock has a market capitalization of $1,750.04, a P/E ratio of 10.49, a PEG ratio of 0.75 and a beta of 1.76. OM Asset Management PLC has a 1-year low of $13.20 and a 1-year high of $16.74. 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 (NYSE:OMAM) last released its earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $228.20 million for the quarter, compared to the consensus estimate of $220.50 million. OM Asset Management had a return on equity of 114.45% and a net margin of 9.49%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. research analysts forecast that OM Asset Management PLC will post 1.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.26%. OM Asset Management’s dividend payout ratio (DPR) is presently 52.94%.
A number of analysts have recently commented on OMAM shares. Zacks Investment Research upgraded OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, November 9th. Citigroup increased their price target on OM Asset Management from $18.50 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. ValuEngine upgraded OM Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $17.50 price target on shares of OM Asset Management in a research report on Tuesday, September 5th. Finally, Royal Bank Of Canada set a $18.00 price target on OM Asset Management and gave the stock a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. OM Asset Management presently has an average rating of “Buy” and a consensus target price of $18.08.
In related news, CAO Daniel K. Mahoney sold 2,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $15.94, for a total value of $31,880.00. Following the completion of the sale, the chief accounting officer now owns 7,493 shares of the company’s stock, valued at $119,438.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Linda T. Gibson sold 46,357 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $16.46, for a total value of $763,036.22. Following the completion of the sale, the executive vice president now directly owns 146,193 shares of the company’s stock, valued at approximately $2,406,336.78. The disclosure for this sale can be found here. Company insiders own 1.48% of the company’s stock.
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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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