OM Asset Management PLC (NYSE:OMAM) CEO Peter L. Bain sold 98,145 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $13.63, for a total transaction of $1,337,716.35. Following the sale, the chief executive officer now owns 380,550 shares of the company’s stock, valued at $5,186,896.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of OM Asset Management PLC (OMAM) opened at 13.72 on Thursday. OM Asset Management PLC has a 1-year low of $12.10 and a 1-year high of $16.01. The stock has a 50 day moving average price of $14.77 and a 200 day moving average price of $14.81. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 17.26 and a beta of 1.71.

OM Asset Management PLC (NYSE:OMAM) last issued its earnings results on Thursday, August 3rd. The asset manager reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. OM Asset Management PLC had a net margin of 12.12% and a return on equity of 95.51%. The firm had revenue of $218.80 million during the quarter, compared to analysts’ expectations of $211.67 million. During the same quarter last year, the company posted $0.30 earnings per share. The firm’s revenue was up 39.8% compared to the same quarter last year. Equities research analysts anticipate that OM Asset Management PLC will post $1.54 EPS for the current year.

OM Asset Management PLC declared that its board has authorized a share repurchase plan on Monday, May 15th that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the asset manager to buy shares of its stock through a private placement purchase. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.62%. OM Asset Management PLC’s dividend payout ratio (DPR) is presently 45.57%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMAM. Parametric Portfolio Associates LLC boosted its position in OM Asset Management PLC by 154.6% in the first quarter. Parametric Portfolio Associates LLC now owns 35,051 shares of the asset manager’s stock worth $530,000 after buying an additional 21,285 shares during the last quarter. Ameriprise Financial Inc. boosted its position in OM Asset Management PLC by 10.0% in the first quarter. Ameriprise Financial Inc. now owns 251,090 shares of the asset manager’s stock worth $3,797,000 after buying an additional 22,757 shares during the last quarter. Sei Investments Co. boosted its position in OM Asset Management PLC by 7.3% in the first quarter. Sei Investments Co. now owns 83,032 shares of the asset manager’s stock worth $1,256,000 after buying an additional 5,639 shares during the last quarter. Affinity Investment Advisors LLC purchased a new position in OM Asset Management PLC during the first quarter worth $433,000. Finally, Bank of New York Mellon Corp boosted its position in OM Asset Management PLC by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 195,647 shares of the asset manager’s stock worth $2,959,000 after buying an additional 9,618 shares during the last quarter. 47.94% of the stock is owned by institutional investors.

A number of brokerages have weighed in on OMAM. Zacks Investment Research lowered shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub lowered shares of OM Asset Management PLC from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $17.50 target price on shares of OM Asset Management PLC in a research note on Friday, August 4th. Royal Bank Of Canada set a $18.00 target price on shares of OM Asset Management PLC and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, ValuEngine upgraded shares of OM Asset Management PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.50.

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.

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

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