OM Asset Management PLC (NYSE:OMAM) CEO Peter L. Bain sold 111,612 shares of OM Asset Management PLC stock in a transaction on Monday, August 7th. The stock was sold at an average price of $14.33, for a total value of $1,599,399.96. Following the sale, the chief executive officer now owns 596,862 shares in the company, valued at $8,553,032.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of OM Asset Management PLC (NYSE:OMAM) traded down 1.82% during midday trading on Wednesday, reaching $14.00. The company had a trading volume of 766,757 shares. OM Asset Management PLC has a 1-year low of $12.10 and a 1-year high of $16.01. The stock has a market capitalization of $1.61 billion, a PE ratio of 14.29 and a beta of 1.71. The company’s 50-day moving average is $14.98 and its 200-day moving average is $14.84.

OM Asset Management PLC (NYSE:OMAM) last posted its earnings results on Thursday, August 3rd. The asset manager reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. OM Asset Management PLC had a return on equity of 86.89% and a net margin of 12.12%. The company had revenue of $218.80 million for the quarter, compared to the consensus estimate of $211.67 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. OM Asset Management PLC’s revenue was up 39.8% on a year-over-year basis. On average, equities research analysts forecast that OM Asset Management PLC will post $1.54 EPS for the current year.

OM Asset Management PLC declared that its board has authorized a share repurchase plan on Monday, May 15th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the asset manager to reacquire shares of its stock through a private placement purchase. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, September 14th. OM Asset Management PLC’s dividend payout ratio is 45.57%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of OMAM. Sei Investments Co. increased its position in OM Asset Management PLC by 7.3% in the first quarter. Sei Investments Co. now owns 83,032 shares of the asset manager’s stock worth $1,256,000 after buying an additional 5,639 shares in the last quarter. Affinity Investment Advisors LLC purchased a new position in OM Asset Management PLC during the first quarter worth $433,000. Bank of New York Mellon Corp increased its position in OM Asset Management PLC by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 195,647 shares of the asset manager’s stock worth $2,959,000 after buying an additional 9,618 shares in the last quarter. Bowling Portfolio Management LLC increased its position in OM Asset Management PLC by 32.5% in the first quarter. Bowling Portfolio Management LLC now owns 52,288 shares of the asset manager’s stock worth $791,000 after buying an additional 12,828 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in OM Asset Management PLC by 168.8% in the first quarter. Wells Fargo & Company MN now owns 831,340 shares of the asset manager’s stock worth $12,570,000 after buying an additional 522,089 shares in the last quarter. 46.24% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on OMAM shares. Royal Bank Of Canada started coverage on OM Asset Management PLC in a research note on Thursday, June 29th. They set an “outperform” rating and a $18.00 target price on the stock. Wells Fargo & Company upgraded OM Asset Management PLC from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research note on Monday, June 5th. ValuEngine upgraded OM Asset Management PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. BidaskClub upgraded OM Asset Management PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Zacks Investment Research cut OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. OM Asset Management PLC has a consensus rating of “Buy” and an average price target of $17.50.

OM Asset Management PLC 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 PLC (NYSE:OMAM)

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