OM Asset Management PLC (NYSE:OMAM) CFO Stephen Belgrad sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $15.87, for a total transaction of $79,350.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Stephen Belgrad also recently made the following trade(s):
- On Monday, February 12th, Stephen Belgrad sold 5,876 shares of OM Asset Management stock. The stock was sold at an average price of $15.45, for a total transaction of $90,784.20.
OM Asset Management PLC (NYSE:OMAM) opened at $15.78 on Friday. OM Asset Management PLC has a one year low of $13.20 and a one year high of $18.62. The firm has a market cap of $1,731.38, a P/E ratio of 789.00, a P/E/G ratio of 0.55 and a beta of 1.72. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a yield of 2.28%. OM Asset Management’s dividend payout ratio is 1,800.00%.
A number of institutional investors have recently added to or reduced their stakes in OMAM. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in OM Asset Management by 220.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,135 shares of the asset manager’s stock valued at $103,000 after buying an additional 4,222 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in OM Asset Management in the 2nd quarter valued at approximately $168,000. Amalgamated Bank purchased a new position in OM Asset Management in the 4th quarter valued at approximately $172,000. FineMark National Bank & Trust purchased a new position in OM Asset Management in the 4th quarter valued at approximately $198,000. Finally, Jane Street Group LLC purchased a new position in OM Asset Management in the 4th quarter valued at approximately $225,000. Institutional investors and hedge funds own 66.32% of the company’s stock.
OMAM has been the subject of several research analyst reports. Royal Bank of Canada set a $20.00 price target on shares of OM Asset Management and gave the stock a “buy” rating in a research note on Saturday, December 16th. Citigroup raised their price target on shares of OM Asset Management from $18.50 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. ValuEngine upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, November 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $22.00 price target on shares of OM Asset Management in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. OM Asset Management has an average rating of “Buy” and a consensus target price of $19.43.
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OM Asset Management 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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