TIAA CREF Investment Management LLC raised its stake in OM Asset Management PLC (NYSE:OMAM) by 18.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 662,525 shares of the asset manager’s stock after purchasing an additional 103,447 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.58% of OM Asset Management PLC worth $9,845,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its stake in shares of OM Asset Management PLC by 22.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock worth $119,000 after acquiring an additional 1,488 shares during the period. Principal Financial Group Inc. bought a new position in shares of OM Asset Management PLC during the 2nd quarter worth approximately $156,000. SG Americas Securities LLC bought a new position in shares of OM Asset Management PLC during the 2nd quarter worth approximately $159,000. First Quadrant L P CA bought a new position in shares of OM Asset Management PLC during the 2nd quarter worth approximately $178,000. Finally, Legal & General Group Plc boosted its stake in shares of OM Asset Management PLC by 19.2% during the 2nd quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock worth $244,000 after acquiring an additional 2,638 shares during the period. Hedge funds and other institutional investors own 66.02% of the company’s stock.

OMAM has been the subject of several research analyst reports. Royal Bank Of Canada initiated coverage on OM Asset Management PLC in a research note on Thursday, June 29th. They set an “outperform” rating and a $18.00 target price for the company. BidaskClub downgraded OM Asset Management PLC from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. ValuEngine upgraded OM Asset Management PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. 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. Finally, Zacks Investment Research downgraded OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $17.88.

OM Asset Management PLC (OMAM) opened at 15.00 on Friday. The stock’s 50 day moving average price is $13.95 and its 200 day moving average price is $14.56. The company has a market capitalization of $1.65 billion, a P/E ratio of 18.96 and a beta of 1.74. OM Asset Management PLC has a 52 week low of $12.10 and a 52 week high of $16.01.

OM Asset Management PLC (NYSE:OMAM) last announced its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. OM Asset Management PLC had a return on equity of 95.51% and a net margin of 12.12%. The business had revenue of $218.80 million during the quarter, compared to analyst estimates of $211.67 million. During the same period in the prior year, the company earned $0.30 earnings per share. OM Asset Management PLC’s revenue was up 39.8% compared to the same quarter last year. Analysts anticipate that OM Asset Management PLC will post $1.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, September 14th. OM Asset Management PLC’s dividend payout ratio (DPR) is 45.57%.

In other news, CEO Peter L. Bain sold 111,612 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $14.33, for a total value of $1,599,399.96. Following the completion of the transaction, the chief executive officer now directly owns 596,862 shares of the company’s stock, valued at $8,553,032.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter L. Bain sold 273,885 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $14.21, for a total value of $3,891,905.85. Following the completion of the transaction, the chief executive officer now directly owns 596,862 shares of the company’s stock, valued at $8,481,409.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 720,602 shares of company stock valued at $10,229,584. 1.48% of the stock is owned by corporate insiders.

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About OM Asset Management PLC

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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