Globeflex Capital L P raised its holdings in OM Asset Management PLC (NYSE:OMAM) by 8.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 717,156 shares of the asset manager’s stock after acquiring an additional 57,327 shares during the quarter. OM Asset Management comprises 3.3% of Globeflex Capital L P’s holdings, making the stock its 3rd biggest holding. Globeflex Capital L P’s holdings in OM Asset Management were worth $12,012,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of OMAM. Northern Trust Corp increased its stake in OM Asset Management by 38.6% in the 2nd quarter. Northern Trust Corp now owns 589,036 shares of the asset manager’s stock valued at $8,754,000 after buying an additional 164,062 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in OM Asset Management by 5.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,032 shares of the asset manager’s stock valued at $550,000 after buying an additional 1,981 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in OM Asset Management by 57.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 893,110 shares of the asset manager’s stock valued at $13,273,000 after buying an additional 325,351 shares during the last quarter. State Street Corp increased its stake in OM Asset Management by 27.5% in the 2nd quarter. State Street Corp now owns 1,208,460 shares of the asset manager’s stock valued at $17,956,000 after buying an additional 260,955 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in OM Asset Management by 36.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,904 shares of the asset manager’s stock valued at $607,000 after buying an additional 10,845 shares during the last quarter. Hedge funds and other institutional investors own 70.52% of the company’s stock.
In related news, CFO Stephen Belgrad sold 5,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $15.87, for a total value of $79,350.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Linda T. Gibson sold 46,357 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $16.46, for a total transaction of $763,036.22. Following the completion of the transaction, the executive vice president now owns 146,193 shares in the company, valued at approximately $2,406,336.78. The disclosure for this sale can be found here. Insiders have sold a total of 71,969 shares of company stock worth $1,166,700 over the last 90 days. 1.48% of the stock is owned by company insiders.
OM Asset Management PLC (NYSE OMAM) opened at $15.33 on Thursday. The firm has a market cap of $1,720.42, a PE ratio of 9.62, a PEG ratio of 0.54 and a beta of 1.72. OM Asset Management PLC has a 52 week low of $13.20 and a 52 week high of $18.62. 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 released its quarterly earnings data on Thursday, February 1st. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $252.30 million for the quarter, compared to analyst estimates of $240.25 million. OM Asset Management had a net margin of 0.47% and a return on equity of 125.33%. OM Asset Management’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. research analysts predict that OM Asset Management PLC will post 1.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.36 annualized dividend and a dividend yield of 2.35%. OM Asset Management’s dividend payout ratio is presently 1,800.00%.
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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.
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