Schroder Investment Management Group lowered its position in shares of OM Asset Management PLC (NYSE:OMAM) by 12.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,037 shares of the asset manager’s stock after selling 11,804 shares during the quarter. Schroder Investment Management Group owned approximately 0.07% of OM Asset Management PLC worth $1,213,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE grew its position in shares of OM Asset Management PLC by 1.0% in the first quarter. Bank of America Corp DE now owns 139,704 shares of the asset manager’s stock valued at $2,112,000 after purchasing an additional 1,362 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of OM Asset Management PLC by 22.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock valued at $119,000 after purchasing an additional 1,488 shares in the last quarter. American International Group Inc. grew its position in shares of OM Asset Management PLC by 7.1% in the first quarter. American International Group Inc. now owns 24,712 shares of the asset manager’s stock valued at $374,000 after purchasing an additional 1,637 shares in the last quarter. Legal & General Group Plc grew its position in shares of OM Asset Management PLC by 19.2% in the second quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock valued at $244,000 after purchasing an additional 2,638 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of 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 valued at $1,256,000 after purchasing an additional 5,639 shares in the last quarter. 66.02% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Peter L. Bain sold 111,612 shares of OM Asset Management PLC stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $14.33, for a total transaction of $1,599,399.96. Following the completion of the transaction, the chief executive officer now directly owns 596,862 shares in the company, valued at approximately $8,553,032.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter L. Bain sold 273,885 shares of OM Asset Management PLC stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $14.21, for a total value of $3,891,905.85. Following the transaction, the chief executive officer now owns 596,862 shares of the company’s stock, valued at $8,481,409.02. The disclosure for this sale can be found here. Insiders have sold a total of 720,602 shares of company stock valued at $10,229,584 over the last 90 days. Insiders own 1.48% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada assumed coverage on OM Asset Management PLC in a research report on Thursday, June 29th. They issued an “outperform” rating and a $18.00 price target for the company. ValuEngine lowered OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub lowered OM Asset Management PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $17.50 price target on shares of OM Asset Management PLC in a research report on Friday, August 4th. Finally, Zacks Investment Research lowered OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. OM Asset Management PLC has an average rating of “Hold” and a consensus target price of $17.50.

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Shares of OM Asset Management PLC (NYSE OMAM) opened at 13.96 on Friday. OM Asset Management PLC has a 52-week low of $12.10 and a 52-week high of $16.01. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 17.65 and a beta of 1.72. The stock has a 50 day moving average price of $13.79 and a 200-day moving average price of $14.60.

OM Asset Management PLC (NYSE:OMAM) last issued its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $218.80 million during the quarter, compared to the consensus estimate of $211.67 million. During the same period in the previous year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 39.8% compared to the same quarter last year. On average, equities research analysts predict that OM Asset Management PLC will post $1.54 EPS for the current fiscal 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 given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.58%. OM Asset Management PLC’s dividend payout ratio is currently 45.57%.

About OM Asset Management PLC

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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