OM Asset Management PLC (NYSE:OMAM) CFO Stephen Belgrad sold 5,876 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $15.45, for a total transaction of $90,784.20. Following the completion of the transaction, the chief financial officer now owns 193,249 shares of the company’s stock, valued at approximately $2,985,697.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of OM Asset Management PLC (NYSE:OMAM) traded up $0.26 during trading on Tuesday, hitting $15.77. 871,982 shares of the company’s stock traded hands, compared to its average volume of 828,356. The company has a market cap of $1,720.00, a PE ratio of 523.00, a price-to-earnings-growth ratio of 0.53 and a beta of 1.72. OM Asset Management PLC has a 52 week low of $13.20 and a 52 week high of $18.62. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.23.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, March 15th. OM Asset Management’s payout ratio is 1,200.00%.

Several research analysts recently weighed in on OMAM shares. Royal Bank of Canada set a $20.00 price objective on shares of OM Asset Management and gave the stock a “buy” rating in a research report on Saturday, December 16th. Citigroup boosted their price objective on shares of 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 shares of OM Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday, November 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $22.00 price objective on shares of OM Asset Management in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. OM Asset Management presently has a consensus rating of “Buy” and an average target price of $19.43.

Several institutional investors have recently modified their holdings of OMAM. Jennison Associates LLC raised its position in shares of OM Asset Management by 93.1% during the 4th 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 last quarter. Dimensional Fund Advisors LP raised its position in shares of OM Asset Management by 45.7% during the 3rd 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 last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of OM Asset Management during the 4th quarter valued at $5,731,000. Robeco Institutional Asset Management B.V. raised its position in shares of OM Asset Management by 617.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 367,896 shares of the asset manager’s stock valued at $6,162,000 after acquiring an additional 316,597 shares during the last quarter. Finally, State Street Corp raised its position in shares of OM Asset Management by 27.5% during the 2nd quarter. State Street Corp now owns 1,208,460 shares of the asset manager’s stock valued at $17,956,000 after acquiring an additional 260,955 shares during the last quarter. Institutional investors own 66.32% of the company’s stock.

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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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