Thrivent Financial For Lutherans trimmed its stake in OM Asset Management PLC (NYSE:OMAM) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,159,017 shares of the asset manager’s stock after selling 66,492 shares during the quarter. Thrivent Financial For Lutherans’ holdings in OM Asset Management were worth $19,413,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its position in OM Asset Management by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,032 shares of the asset manager’s stock valued at $550,000 after acquiring an additional 1,981 shares during the period. Strs Ohio lifted its position in OM Asset Management by 7.0% during the 4th quarter. Strs Ohio now owns 58,200 shares of the asset manager’s stock valued at $974,000 after acquiring an additional 3,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in OM Asset Management by 220.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,135 shares of the asset manager’s stock valued at $103,000 after acquiring an additional 4,222 shares during the period. Swiss National Bank lifted its position in OM Asset Management by 3.7% during the 4th quarter. Swiss National Bank now owns 139,260 shares of the asset manager’s stock valued at $2,333,000 after acquiring an additional 5,000 shares during the period. Finally, Engineers Gate Manager LP lifted its position in OM Asset Management by 10.1% during the 4th quarter. Engineers Gate Manager LP now owns 65,988 shares of the asset manager’s stock valued at $1,105,000 after acquiring an additional 6,051 shares during the period. 96.38% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Aidan J. Riordan sold 45,336 shares of OM Asset Management stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $15.22, for a total value of $690,013.92. Following the completion of the sale, the executive vice president now directly owns 226,517 shares in the company, valued at $3,447,588.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Joseph Ritchie sold 7,900 shares of OM Asset Management stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $16.12, for a total transaction of $127,348.00. Following the completion of the sale, the director now owns 18,372 shares of the company’s stock, valued at $296,156.64. The disclosure for this sale can be found here. Insiders sold 121,101 shares of company stock valued at $1,856,888 over the last ninety days. Corporate insiders own 1.48% of the company’s stock.
OM Asset Management PLC (NYSE OMAM) opened at $15.95 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1,755.52, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. OM Asset Management PLC has a twelve month low of $13.20 and a twelve month high of $18.62.
OM Asset Management (NYSE:OMAM) last issued its earnings results on Thursday, February 1st. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $252.30 million during the quarter, compared to analysts’ expectations of $240.25 million. OM Asset Management had a net margin of 0.47% and a return on equity of 129.15%. The business’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 company earned $0.33 earnings per share. sell-side analysts predict that OM Asset Management PLC will post 1.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.36 annualized dividend and a yield of 2.26%. OM Asset Management’s dividend payout ratio (DPR) is presently 1,800.00%.
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About OM Asset Management
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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