OM Asset Management PLC (NYSE:OMAM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “OM Asset Management plc operates as a multi-boutique asset management company. It provides its services to individuals and institutions. The Company offers products in domestic and international equities, fixed income, and alternative investments, such as timber and real estate. OM Asset Management plc is based Boston, Massachusetts. “

Separately, Credit Suisse Group AG set a $17.00 target price on shares of OM Asset Management PLC and gave the company a “buy” rating in a report on Saturday, February 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. OM Asset Management PLC currently has a consensus rating of “Hold” and an average target price of $16.92.

OM Asset Management PLC (NYSE:OMAM) opened at 14.64 on Tuesday. The company has a 50-day moving average price of $14.88 and a 200-day moving average price of $14.26. The firm has a market capitalization of $1.68 billion, a PE ratio of 13.94 and a beta of 1.76. OM Asset Management PLC has a 12-month low of $11.98 and a 12-month high of $15.52.

OM Asset Management PLC (NYSE:OMAM) last issued its earnings results on Thursday, February 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. OM Asset Management PLC had a net margin of 19.05% and a return on equity of 75.43%. The company earned $186.60 million during the quarter, compared to analysts’ expectations of $189.32 million. During the same period last year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that OM Asset Management PLC will post $1.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 2.19%. OM Asset Management PLC’s dividend payout ratio (DPR) is presently 30.48%.

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In other news, EVP Linda T. Gibson sold 7,059 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $14.86, for a total transaction of $104,896.74. Following the completion of the transaction, the executive vice president now directly owns 230,774 shares of the company’s stock, valued at approximately $3,429,301.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen Belgrad sold 5,487 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $14.86, for a total transaction of $81,536.82. Following the transaction, the chief financial officer now directly owns 226,417 shares of the company’s stock, valued at $3,364,556.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 114,177 shares of company stock valued at $1,704,766. 1.41% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of OMAM. Alpine Woods Capital Investors LLC boosted its position in shares of OM Asset Management PLC by 1.0% in the third quarter. Alpine Woods Capital Investors LLC now owns 106,000 shares of the company’s stock worth $1,474,000 after buying an additional 1,000 shares during the period. Schroder Investment Management Group boosted its position in shares of OM Asset Management PLC by 8.2% in the third quarter. Schroder Investment Management Group now owns 17,635 shares of the company’s stock worth $245,000 after buying an additional 1,335 shares during the period. NorthCoast Asset Management LLC boosted its position in shares of OM Asset Management PLC by 1.1% in the third quarter. NorthCoast Asset Management LLC now owns 138,366 shares of the company’s stock worth $1,925,000 after buying an additional 1,485 shares during the period. Maltese Capital Management LLC boosted its position in shares of OM Asset Management PLC by 11.9% in the fourth quarter. Maltese Capital Management LLC now owns 89,400 shares of the company’s stock worth $1,296,000 after buying an additional 9,500 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of OM Asset Management PLC by 19.0% in the fourth quarter. AQR Capital Management LLC now owns 63,393 shares of the company’s stock worth $919,000 after buying an additional 10,104 shares during the period. 36.45% of the stock is owned by institutional investors and hedge funds.

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.

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