Dimensional Fund Advisors LP increased its holdings in shares of OM Asset Management PLC (NYSE:OMAM) by 57.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 893,110 shares of the asset manager’s stock after acquiring an additional 325,351 shares during the period. Dimensional Fund Advisors LP owned approximately 0.78% of OM Asset Management PLC worth $13,273,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Citadel Advisors LLC grew its holdings in OM Asset Management PLC by 9,568.1% during the second quarter. Citadel Advisors LLC now owns 1,726,920 shares of the asset manager’s stock worth $25,662,000 after acquiring an additional 1,709,058 shares during the period. Renaissance Technologies LLC acquired a new position in OM Asset Management PLC during the second quarter worth $18,212,000. Parametric Portfolio Associates LLC grew its holdings in OM Asset Management PLC by 5.7% during the second quarter. Parametric Portfolio Associates LLC now owns 37,032 shares of the asset manager’s stock worth $550,000 after acquiring an additional 1,981 shares during the period. Formula Growth Ltd. acquired a new position in OM Asset Management PLC during the second quarter worth $7,430,000. Finally, Northern Trust Corp grew its holdings in OM Asset Management PLC by 38.6% during the second quarter. Northern Trust Corp now owns 589,036 shares of the asset manager’s stock worth $8,754,000 after acquiring an additional 164,062 shares during the period. 65.76% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Robert J. Chersi bought 7,500 shares of the stock in a transaction on Thursday, August 17th. The shares were bought at an average price of $13.48 per share, with a total value of $101,100.00. Following the completion of the acquisition, the director now owns 12,971 shares of the company’s stock, valued at $174,849.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.48% of the stock is currently owned by corporate insiders.
A number of research analysts recently weighed in on OMAM shares. BidaskClub lowered OM Asset Management PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Royal Bank Of Canada set a $18.00 price objective on OM Asset Management PLC and gave the stock a “buy” rating in a report on Thursday, August 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $17.50 price objective on shares of OM Asset Management PLC in a report on Friday, August 4th. Zacks Investment Research lowered OM Asset Management PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, ValuEngine lowered OM Asset Management PLC from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.08.
Shares of OM Asset Management PLC (OMAM) opened at $16.07 on Tuesday. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market capitalization of $1,759.92, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 0.75 and a beta of 1.74. OM Asset Management PLC has a twelve month low of $13.20 and a twelve month high of $16.14.
OM Asset Management PLC (NYSE:OMAM) last posted its earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The company had revenue of $228.20 million for the quarter, compared to analyst estimates of $220.50 million. OM Asset Management PLC had a return on equity of 111.76% and a net margin of 9.49%. OM Asset Management PLC’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share. equities research analysts forecast that OM Asset Management PLC will post 1.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, December 14th. OM Asset Management PLC’s dividend payout ratio (DPR) is 52.94%.
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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