Globeflex Capital L P Has $9.62 Million Stake in OM Asset Management PLC (OMAM)
Globeflex Capital L P decreased its holdings in OM Asset Management PLC (NYSE:OMAM) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 647,471 shares of the asset manager’s stock after selling 3,643 shares during the quarter. OM Asset Management PLC accounts for approximately 2.4% of Globeflex Capital L P’s holdings, making the stock its 3rd largest position. Globeflex Capital L P owned approximately 0.56% of OM Asset Management PLC worth $9,621,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in OM Asset Management PLC by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock valued at $119,000 after buying an additional 1,488 shares in the last quarter. Principal Financial Group Inc. bought a new position in OM Asset Management PLC during the second quarter valued at about $156,000. SG Americas Securities LLC bought a new position in OM Asset Management PLC during the second quarter valued at about $159,000. First Quadrant L P CA bought a new position in OM Asset Management PLC during the second quarter valued at about $178,000. Finally, Legal & General Group Plc boosted its stake in OM Asset Management PLC by 19.2% during the second quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock valued at $244,000 after buying an additional 2,638 shares in the last quarter. 66.02% of the stock is owned by institutional investors.
In related news, Director Robert J. Chersi acquired 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average cost of $13.48 per share, with a total value of $101,100.00. Following the completion of the purchase, the director now directly owns 12,971 shares in the company, valued at $174,849.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Peter L. Bain sold 98,145 shares of OM Asset Management PLC stock in a transaction on Friday, August 11th. The stock was sold at an average price of $13.63, for a total value of $1,337,716.35. Following the sale, the chief executive officer now directly owns 380,550 shares of the company’s stock, valued at $5,186,896.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 720,602 shares of company stock valued at $10,229,584. 1.48% of the stock is owned by insiders.
Several brokerages recently weighed in on OMAM. Royal Bank Of Canada began 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 for the company. ValuEngine cut OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub cut OM Asset Management PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $17.50 target price on shares of OM Asset Management PLC in a research note on Friday, August 4th. 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 equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.50.
OM Asset Management PLC (NYSE OMAM) traded up 1.90% during trading on Friday, hitting $13.96. The company had a trading volume of 287,614 shares. The firm has a 50-day moving average of $13.79 and a 200 day moving average of $14.60. OM Asset Management PLC has a 12-month low of $12.10 and a 12-month high of $16.01. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 17.65 and a beta of 1.72.
OM Asset Management PLC (NYSE:OMAM) last announced its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. OM Asset Management PLC had a return on equity of 95.51% and a net margin of 12.12%. The business had revenue of $218.80 million during the quarter, compared to analysts’ expectations of $211.67 million. During the same period in the previous year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year. On average, equities research analysts forecast that OM Asset Management PLC will post $1.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.58%. OM Asset Management PLC’s dividend payout ratio (DPR) is presently 45.57%.
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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.
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