Engineers Gate Manager LP bought a new position in shares of OM Asset Management PLC (NYSE:OMAM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 98,177 shares of the asset manager’s stock, valued at approximately $1,459,000. Engineers Gate Manager LP owned approximately 0.09% of OM Asset Management PLC as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its holdings in shares of OM Asset Management PLC by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock worth $119,000 after buying an additional 1,488 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of OM Asset Management PLC during the second quarter worth $156,000. SG Americas Securities LLC purchased a new stake in shares of OM Asset Management PLC during the second quarter worth $159,000. First Quadrant L P CA purchased a new stake in shares of OM Asset Management PLC during the second quarter worth $178,000. Finally, Nine Chapters Capital Management LLC grew its holdings in shares of OM Asset Management PLC by 20.7% during the first quarter. Nine Chapters Capital Management LLC now owns 14,000 shares of the asset manager’s stock worth $212,000 after buying an additional 2,400 shares in the last quarter. 66.03% of the stock is owned by institutional investors and hedge funds.

OM Asset Management PLC (NYSE:OMAM) opened at 13.89 on Wednesday. The stock’s 50 day moving average is $14.00 and its 200 day moving average is $14.66. OM Asset Management PLC has a 12 month low of $12.10 and a 12 month high of $16.01. The firm has a market cap of $1.52 billion, a PE ratio of 17.56 and a beta of 1.72.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Thursday, September 14th. OM Asset Management PLC’s dividend payout ratio is presently 45.57%.

In other OM Asset Management PLC news, major shareholder Group (Uk) Ltd Om sold 2,595,000 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $14.55, for a total value of $37,757,250.00. Following the sale, the insider now directly owns 22,001,183 shares of the company’s stock, valued at approximately $320,117,212.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Peter L. Bain sold 145,842 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $14.42, for a total value of $2,103,041.64. Following the completion of the sale, the chief executive officer now directly owns 778,474 shares in the company, valued at $11,225,595.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,315,602 shares of company stock valued at $47,986,834. 1.48% of the stock is currently owned by company insiders.

Several research analysts have recently weighed in on OMAM shares. BidaskClub cut shares of OM Asset Management PLC from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research cut shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada set a $18.00 price target on shares of OM Asset Management PLC and gave the company a “buy” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.50 price target on shares of OM Asset Management PLC in a research report on Tuesday, September 5th. Finally, ValuEngine cut shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $17.50.

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OM Asset Management PLC 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.

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

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