OM Asset Management PLC (NYSE:OMAM) EVP Linda T. Gibson sold 46,357 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $16.46, for a total transaction of $763,036.22. Following the transaction, the executive vice president now directly owns 146,193 shares of the company’s stock, valued at approximately $2,406,336.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of OM Asset Management PLC (NYSE:OMAM) opened at $15.95 on Thursday. The company has a market cap of $1,753.33, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 0.75 and a beta of 1.76. OM Asset Management PLC has a 1 year low of $13.20 and a 1 year high of $16.74. The company has a debt-to-equity ratio of 3.23, a quick ratio of 1.65 and a current ratio of 1.65.

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

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

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of OM Asset Management by 15.3% during the 1st quarter. Vanguard Group Inc. now owns 1,001,315 shares of the asset manager’s stock valued at $15,139,000 after acquiring an additional 133,054 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of OM Asset Management by 29.9% during the 1st quarter. Geode Capital Management LLC now owns 260,144 shares of the asset manager’s stock valued at $3,932,000 after buying an additional 59,907 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of OM Asset Management by 54.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 567,759 shares of the asset manager’s stock valued at $8,584,000 after acquiring an additional 201,260 shares in the last quarter. Bank of America Corp DE raised its position in shares of OM Asset Management by 1.0% during the 1st quarter. Bank of America Corp DE now owns 139,704 shares of the asset manager’s stock valued at $2,112,000 after acquiring an additional 1,362 shares in the last quarter. Finally, State Street Corp raised its position in shares of OM Asset Management by 13.9% during the 1st quarter. State Street Corp now owns 947,505 shares of the asset manager’s stock valued at $14,330,000 after acquiring an additional 115,613 shares in the last quarter. 64.97% of the stock is owned by hedge funds and other institutional investors.

OMAM has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $18.00 price objective on shares of OM Asset Management and gave the stock a “buy” rating in a report on Wednesday, October 18th. Citigroup raised their price objective on shares of OM Asset Management from $18.50 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. ValuEngine raised shares of OM Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research raised shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, November 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $17.50 target price on shares of OM Asset Management in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $18.08.

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OM Asset Management 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.

Insider Buying and Selling by Quarter for OM Asset Management (NYSE:OMAM)

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