Nationwide Fund Advisors Increases Position in OM Asset Management PLC (OMAM)
Nationwide Fund Advisors boosted its stake in OM Asset Management PLC (NYSE:OMAM) by 8.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 165,496 shares of the asset manager’s stock after buying an additional 12,188 shares during the period. Nationwide Fund Advisors owned approximately 0.14% of OM Asset Management PLC worth $2,459,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its stake in OM Asset Management PLC by 22.9% in the 2nd 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 during the last quarter. Principal Financial Group Inc. acquired a new position in OM Asset Management PLC in the 2nd quarter valued at about $156,000. SG Americas Securities LLC acquired a new position in OM Asset Management PLC in the 2nd quarter valued at about $159,000. First Quadrant L P CA acquired a new position in OM Asset Management PLC in the 2nd quarter valued at about $178,000. Finally, Legal & General Group Plc grew its stake in OM Asset Management PLC by 19.2% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 66.02% of the company’s stock.
Shares of OM Asset Management PLC (NYSE OMAM) opened at 15.40 on Friday. 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 cap of $1.69 billion, a P/E ratio of 19.47 and a beta of 1.74. The firm has a 50-day moving average of $14.21 and a 200-day moving average of $14.59.
OM Asset Management PLC (NYSE:OMAM) last issued its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $218.80 million during the quarter, compared to analysts’ expectations of $211.67 million. OM Asset Management PLC had a net margin of 12.12% and a return on equity of 95.51%. OM Asset Management PLC’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. Analysts predict that OM Asset Management PLC will post $1.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.36 annualized dividend and a yield of 2.34%. OM Asset Management PLC’s dividend payout ratio is currently 45.57%.
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A number of research firms have issued reports on OMAM. ValuEngine raised shares of OM Asset Management PLC from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of OM Asset Management PLC from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 26th. TheStreet raised shares of OM Asset Management PLC from a “d” rating to a “c” rating in a report on Monday, October 9th. Zacks Investment Research raised shares of OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday. Finally, Royal Bank Of Canada set a $18.00 price objective on shares of OM Asset Management PLC and gave the company a “buy” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $17.70.
In related news, CEO Peter L. Bain sold 273,885 shares of the business’s 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 owns 596,862 shares of the company’s stock, valued at $8,481,409.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert J. Chersi acquired 7,500 shares of OM Asset Management PLC stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $13.48 per share, with a total value of $101,100.00. Following the purchase, the director now owns 12,971 shares of the company’s stock, valued at approximately $174,849.08. The disclosure for this purchase can be found here. In 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 corporate insiders.
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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