Jennison Associates LLC lifted its stake in OM Asset Management PLC (NYSE:OMAM) by 66.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 904,246 shares of the asset manager’s stock after purchasing an additional 361,946 shares during the period. Jennison Associates LLC owned 0.82% of OM Asset Management PLC worth $13,491,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Neuberger Berman Group LLC increased its stake in shares of OM Asset Management PLC by 20.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,956,298 shares of the asset manager’s stock worth $43,931,000 after purchasing an additional 502,805 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of OM Asset Management PLC in the 2nd quarter worth $5,431,000. TIAA CREF Investment Management LLC increased its stake in shares of OM Asset Management PLC by 18.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 662,525 shares of the asset manager’s stock worth $9,845,000 after purchasing an additional 103,447 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of OM Asset Management PLC by 13.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,899,248 shares of the asset manager’s stock worth $43,083,000 after purchasing an additional 346,124 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of OM Asset Management PLC in the 2nd quarter worth $3,732,000. Hedge funds and other institutional investors own 65.76% of the company’s stock.

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OM Asset Management PLC (NYSE:OMAM) opened at $15.92 on Friday. The firm has a market cap of $1,751.14, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.75 and a beta of 1.74. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.23. OM Asset Management PLC has a 1-year low of $13.20 and a 1-year high of $16.14.

OM Asset Management PLC (NYSE:OMAM) last issued its earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $228.20 million during the quarter, compared to the consensus estimate of $220.50 million. OM Asset Management PLC had a net margin of 9.49% and a return on equity of 114.45%. OM Asset Management PLC’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. analysts expect that OM Asset Management PLC will post 1.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, December 14th. OM Asset Management PLC’s dividend payout ratio is currently 52.94%.

OMAM has been the subject of several analyst reports. ValuEngine upgraded OM Asset Management PLC from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $17.50 price objective on shares of OM Asset Management PLC in a research note on Friday, August 4th. Royal Bank Of Canada set a $18.00 price objective on OM Asset Management PLC and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Wednesday, October 11th. Finally, Citigroup Inc. upped their price objective on OM Asset Management PLC from $18.50 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $18.08.

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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