Amalgamated Bank purchased a new stake in shares of OM Asset Management PLC (NYSE:OMAM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,287 shares of the asset manager’s stock, valued at approximately $172,000.
Other institutional investors also recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its position in OM Asset Management by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,032 shares of the asset manager’s stock worth $550,000 after acquiring an additional 1,981 shares during the last quarter. State Street Corp raised its position in shares of OM Asset Management by 27.5% during the second quarter. State Street Corp now owns 1,208,460 shares of the asset manager’s stock valued at $17,956,000 after buying an additional 260,955 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of OM Asset Management by 36.1% during the second quarter. The Manufacturers Life Insurance Company now owns 40,904 shares of the asset manager’s stock valued at $607,000 after buying an additional 10,845 shares during the last quarter. California State Teachers Retirement System raised its position in shares of OM Asset Management by 23.9% during the second quarter. California State Teachers Retirement System now owns 97,942 shares of the asset manager’s stock valued at $1,455,000 after buying an additional 18,900 shares during the last quarter. Finally, Swiss National Bank raised its position in OM Asset Management by 6.1% in the third quarter. Swiss National Bank now owns 134,260 shares of the asset manager’s stock worth $2,003,000 after purchasing an additional 7,700 shares in the last quarter. Institutional investors and hedge funds own 98.01% of the company’s stock.
In other news, CFO Stephen Belgrad sold 5,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $15.87, for a total transaction of $79,350.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Aidan J. Riordan sold 45,336 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $15.22, for a total transaction of $690,013.92. Following the sale, the executive vice president now directly owns 226,517 shares in the company, valued at $3,447,588.74. The disclosure for this sale can be found here. Insiders have sold 113,201 shares of company stock worth $1,729,540 over the last ninety days. Insiders own 1.48% of the company’s stock.
Several research analysts recently issued reports on OMAM shares. Royal Bank of Canada set a $20.00 price target on shares of OM Asset Management and gave the stock a “buy” rating in a research report on Saturday, December 16th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $22.00 price target on shares of OM Asset Management in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Thursday, January 4th. Finally, Sandler O’Neill set a $19.00 price objective on shares of OM Asset Management and gave the stock a “hold” rating in a research note on Thursday, January 11th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $19.43.
Shares of OM Asset Management stock opened at $15.75 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $1,733.51, a PE ratio of 787.50, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. OM Asset Management PLC has a 52 week low of $13.20 and a 52 week high of $18.62.
OM Asset Management (NYSE:OMAM) last issued its quarterly earnings data on Thursday, February 1st. The asset manager reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The firm had revenue of $252.30 million for 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 129.15%. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. sell-side analysts predict that OM Asset Management PLC will post 1.94 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.36 annualized dividend and a yield of 2.29%. OM Asset Management’s dividend payout ratio is 1,800.00%.
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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.
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