Insider Selling: OM Asset Management PLC (OMAM) EVP Sells 46,357 Shares of Stock

OM Asset Management PLC (NYSE:OMAM) EVP Linda T. Gibson sold 46,357 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $16.46, for a total value of $763,036.22. Following the transaction, the executive vice president now owns 146,193 shares of the company’s stock, valued at approximately $2,406,336.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of OM Asset Management PLC (NYSE:OMAM) traded down $0.06 on Monday, reaching $16.41. The company had a trading volume of 300,531 shares, compared to its average volume of 559,679. The stock has a market cap of $1,807.09, a PE ratio of 10.84, a price-to-earnings-growth ratio of 0.77 and a beta of 1.76. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.65 and a quick ratio of 1.65. OM Asset Management PLC has a twelve month low of $13.20 and a twelve month high of $16.74.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.36 dividend on an annualized basis and a yield of 2.19%. OM Asset Management’s dividend payout ratio (DPR) is 52.94%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of OM Asset Management by 15.3% in the 1st quarter. Vanguard Group Inc. now owns 1,001,315 shares of the asset manager’s stock valued at $15,139,000 after acquiring an additional 133,054 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of OM Asset Management by 29.9% in the 1st quarter. Geode Capital Management LLC now owns 260,144 shares of the asset manager’s stock valued at $3,932,000 after acquiring an additional 59,907 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of OM Asset Management by 54.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 567,759 shares of the asset manager’s stock valued at $8,584,000 after acquiring an additional 201,260 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of OM Asset Management by 1.0% in the 1st quarter. Bank of America Corp DE now owns 139,704 shares of the asset manager’s stock valued at $2,112,000 after acquiring an additional 1,362 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of OM Asset Management by 13.9% in the 1st quarter. State Street Corp now owns 947,505 shares of the asset manager’s stock valued at $14,330,000 after acquiring an additional 115,613 shares in the last quarter. 64.97% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on OMAM shares. Zacks Investment Research downgraded OM Asset Management from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $17.50 price target on shares of OM Asset Management in a research note on Tuesday, September 5th. ValuEngine downgraded OM Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. BidaskClub raised OM Asset Management from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, TheStreet raised OM Asset Management from a “d” rating to a “c” rating in a report on Monday, October 9th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.08.

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About OM Asset Management

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.

Insider Buying and Selling by Quarter for OM Asset Management (NYSE:OMAM)

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