JPMorgan Chase & Co. grew its stake in OM Asset Management PLC (NYSE:OMAM) by 111.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,061,433 shares of the asset manager’s stock after purchasing an additional 558,711 shares during the quarter. JPMorgan Chase & Co. owned about 0.93% of OM Asset Management PLC worth $15,773,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of OMAM. Nationwide Fund Advisors lifted its stake in shares of OM Asset Management PLC by 32.4% in the 1st quarter. Nationwide Fund Advisors now owns 153,308 shares of the asset manager’s stock valued at $2,318,000 after purchasing an additional 37,552 shares during the period. Wells Fargo & Company MN lifted its stake in shares of OM Asset Management PLC by 168.8% in the 1st quarter. Wells Fargo & Company MN now owns 831,340 shares of the asset manager’s stock valued at $12,570,000 after purchasing an additional 522,089 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of OM Asset Management PLC by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 195,647 shares of the asset manager’s stock valued at $2,959,000 after purchasing an additional 9,618 shares during the period. Sei Investments Co. lifted its stake in shares of OM Asset Management PLC by 7.3% in the 1st quarter. Sei Investments Co. now owns 83,032 shares of the asset manager’s stock valued at $1,256,000 after purchasing an additional 5,639 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of OM Asset Management PLC by 10.0% in the 1st quarter. Ameriprise Financial Inc. now owns 251,090 shares of the asset manager’s stock valued at $3,797,000 after purchasing an additional 22,757 shares during the period. 66.02% of the stock is currently owned by institutional investors.

OMAM has been the topic of several research analyst reports. Royal Bank Of Canada initiated coverage on OM Asset Management PLC in a research note on Thursday, June 29th. They set an “outperform” rating and a $18.00 price objective on the stock. ValuEngine downgraded OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub downgraded 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 price objective on shares of OM Asset Management PLC in a research note on Friday, August 4th. Finally, Zacks Investment Research downgraded OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.50.

OM Asset Management PLC (NYSE OMAM) opened at 13.96 on Friday. OM Asset Management PLC has a 12-month low of $12.10 and a 12-month high of $16.01. The company’s 50-day moving average price is $13.79 and its 200-day moving average price is $14.60. The company has a market cap of $1.53 billion, a PE ratio of 17.65 and a beta of 1.72.

OM Asset Management PLC (NYSE:OMAM) last posted its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $218.80 million during the quarter, compared to analyst estimates of $211.67 million. OM Asset Management PLC had a net margin of 12.12% and a return on equity of 95.51%. The company’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. Equities analysts anticipate that OM Asset Management PLC will post $1.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.09 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.36 annualized dividend and a yield of 2.58%. OM Asset Management PLC’s dividend payout ratio (DPR) is 45.57%.

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In other news, CEO Peter L. Bain sold 273,885 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $14.21, for a total transaction of $3,891,905.85. Following the completion of the transaction, the chief executive officer now directly owns 596,862 shares of the company’s stock, valued at approximately $8,481,409.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Chersi bought 7,500 shares of OM Asset Management PLC stock in a transaction dated Thursday, August 17th. The shares were bought at an average cost of $13.48 per share, with a total value of $101,100.00. Following the completion of the transaction, the director now directly owns 12,971 shares in the company, valued at $174,849.08. The disclosure for this purchase can be found here. In the last quarter, insiders sold 720,602 shares of company stock valued at $10,229,584. Company insiders own 1.48% of the company’s stock.

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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Institutional Ownership by Quarter for OM Asset Management PLC (NYSE:OMAM)

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