Fmr LLC Has $173.26 Million Position in OM Asset Management PLC (OMAM)

Fmr LLC lowered its stake in shares of OM Asset Management PLC (NYSE:OMAM) by 3.0% during the first quarter, Holdings Channel reports. The fund owned 11,458,994 shares of the asset manager’s stock after selling 349,647 shares during the period. Fmr LLC owned about 0.10% of OM Asset Management PLC worth $173,260,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Guggenheim Capital LLC bought a new stake in shares of OM Asset Management PLC during the fourth quarter worth $166,000. Dimensional Fund Advisors LP boosted its stake in shares of OM Asset Management PLC by 35.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 366,499 shares of the asset manager’s stock worth $5,314,000 after buying an additional 96,258 shares during the last quarter. Comerica Bank bought a new stake in shares of OM Asset Management PLC during the fourth quarter worth $2,850,000. Norges Bank bought a new stake in shares of OM Asset Management PLC during the fourth quarter worth $11,248,000. Finally, Wells Fargo & Company MN boosted its stake in shares of OM Asset Management PLC by 168.8% in the first quarter. Wells Fargo & Company MN now owns 831,340 shares of the asset manager’s stock worth $12,570,000 after buying an additional 522,089 shares during the last quarter. Hedge funds and other institutional investors own 46.23% of the company’s stock.

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

Shares of OM Asset Management PLC (NYSE OMAM) traded down 0.54% during mid-day trading on Tuesday, hitting $14.73. The stock had a trading volume of 79,960 shares. The firm has a 50 day moving average of $14.62 and a 200 day moving average of $14.74. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 15.03 and a beta of 1.72. OM Asset Management PLC has a one year low of $12.10 and a one year high of $16.01.

OM Asset Management PLC (NYSE:OMAM) last announced its quarterly earnings results on Thursday, May 4th. The asset manager reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $198.80 million during the quarter, compared to analysts’ expectations of $196.70 million. OM Asset Management PLC had a net margin of 16.48% and a return on equity of 81.34%. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. On average, analysts forecast that OM Asset Management PLC will post $1.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.09 per share. This is a boost from OM Asset Management PLC’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.36 dividend on an annualized basis and a yield of 2.43%. OM Asset Management PLC’s dividend payout ratio (DPR) is currently 36.74%.

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OMAM has been the topic of a number of research reports. Credit Suisse Group set a $17.00 price target on OM Asset Management PLC and gave the stock a “buy” rating in a research report on Monday, March 27th. Zacks Investment Research cut OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of OM Asset Management PLC in a research report on Thursday, April 6th. Evercore ISI reiterated an “outperform” rating on shares of OM Asset Management PLC in a research report on Monday, April 3rd. Finally, Wells Fargo & Co upgraded OM Asset Management PLC from a “market perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. OM Asset Management PLC currently has an average rating of “Buy” and a consensus price target of $16.90.

In other OM Asset Management PLC news, CEO Peter L. Bain sold 134,251 shares of the firm’s stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $14.99, for a total transaction of $2,012,422.49. Following the completion of the transaction, the chief executive officer now owns 922,357 shares in the company, valued at $13,826,131.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen Belgrad sold 27,292 shares of the firm’s stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $15.00, for a total transaction of $409,380.00. Following the transaction, the chief financial officer now owns 223,417 shares of the company’s stock, valued at approximately $3,351,255. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,499,767 shares of company stock valued at $327,459,780. Corporate insiders own 1.48% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OMAM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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