Cipher Capital LP lifted its holdings in OM Asset Management PLC (NYSE:OMAM) by 508.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,380 shares of the asset manager’s stock after acquiring an additional 138,190 shares during the quarter. Cipher Capital LP owned 0.15% of OM Asset Management PLC worth $2,467,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. ClariVest Asset Management LLC increased its stake in shares of OM Asset Management PLC by 7.0% in the third quarter. ClariVest Asset Management LLC now owns 268,770 shares of the asset manager’s stock worth $4,009,000 after acquiring an additional 17,636 shares during the period. Deprince Race & Zollo Inc. grew its position in OM Asset Management PLC by 2.1% during the third quarter. Deprince Race & Zollo Inc. now owns 2,194,088 shares of the asset manager’s stock valued at $32,736,000 after buying an additional 45,490 shares during the period. Bank of New York Mellon Corp grew its position in OM Asset Management PLC by 26.4% during the third quarter. Bank of New York Mellon Corp now owns 279,067 shares of the asset manager’s stock valued at $4,163,000 after buying an additional 58,342 shares during the period. Rhumbline Advisers grew its position in OM Asset Management PLC by 16.8% during the third quarter. Rhumbline Advisers now owns 67,762 shares of the asset manager’s stock valued at $1,011,000 after buying an additional 9,750 shares during the period. Finally, Jennison Associates LLC grew its position in OM Asset Management PLC by 66.7% during the third quarter. Jennison Associates LLC now owns 904,246 shares of the asset manager’s stock valued at $13,491,000 after buying an additional 361,946 shares during the period. Hedge funds and other institutional investors own 64.72% of the company’s stock.

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OMAM has been the topic of several analyst reports. BidaskClub lowered shares of OM Asset Management PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada set a $18.00 price target on shares of OM Asset Management PLC and gave the company a “buy” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods restated a “buy” rating and set a $17.50 price target on shares of OM Asset Management PLC in a research report on Friday, August 4th. Zacks Investment Research lowered shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, ValuEngine lowered shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. OM Asset Management PLC has a consensus rating of “Buy” and an average target price of $18.08.

OM Asset Management PLC (NYSE OMAM) traded up $0.02 on Tuesday, reaching $15.94. 431,600 shares of the company’s stock traded hands, compared to its average volume of 555,258. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 3.23. The stock has a market capitalization of $1,746.75, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 0.74 and a beta of 1.74. OM Asset Management PLC has a fifty-two week low of $13.20 and a fifty-two week high of $16.14.

OM Asset Management PLC (NYSE:OMAM) last posted its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The business had revenue of $228.20 million for the quarter, compared to the consensus estimate of $220.50 million. OM Asset Management PLC had a net margin of 9.49% and a return on equity of 114.45%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. sell-side analysts expect that OM Asset Management PLC will post 1.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.26%. The ex-dividend date is Thursday, December 14th. OM Asset Management PLC’s payout ratio is 52.94%.

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.

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

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