Rhumbline Advisers Has $1.01 Million Holdings in OM Asset Management PLC (OMAM)

Rhumbline Advisers grew its position in OM Asset Management PLC (NYSE:OMAM) by 16.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,762 shares of the asset manager’s stock after purchasing an additional 9,750 shares during the quarter. Rhumbline Advisers owned about 0.06% of OM Asset Management worth $1,011,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its stake in shares of OM Asset Management by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock worth $119,000 after buying an additional 1,488 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of OM Asset Management 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 buying an additional 1,981 shares during the period. Legal & General Group Plc lifted its stake in shares of OM Asset Management by 19.2% during the second quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock worth $244,000 after buying an additional 2,638 shares during the period. Strs Ohio lifted its stake in shares of OM Asset Management by 12.2% during the second quarter. Strs Ohio now owns 54,400 shares of the asset manager’s stock worth $808,000 after buying an additional 5,900 shares during the period. Finally, Comerica Bank lifted its stake in shares of OM Asset Management by 3.7% during the second quarter. Comerica Bank now owns 180,906 shares of the asset manager’s stock worth $2,703,000 after buying an additional 6,483 shares during the period. 64.97% of the stock is currently owned by institutional investors and hedge funds.

OMAM has been the subject of several research reports. Zacks Investment Research upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Thursday, November 9th. Citigroup boosted their target price on shares of OM Asset Management from $18.50 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. ValuEngine upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $17.50 target price on shares of OM Asset Management in a research report on Tuesday, September 5th. Finally, Royal Bank of Canada set a $18.00 target price on shares of OM Asset Management and gave the company a “buy” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. OM Asset Management has a consensus rating of “Buy” and a consensus price target of $18.08.

OM Asset Management PLC (NYSE:OMAM) traded up $0.02 during midday trading on Thursday, reaching $16.21. 438,300 shares of the company were exchanged, compared to its average volume of 556,900. The firm has a market capitalization of $1,776.37, a P/E ratio of 10.65, a PEG ratio of 0.76 and a beta of 1.76. OM Asset Management PLC has a 52 week low of $13.20 and a 52 week high of $16.74. 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 (NYSE:OMAM) last posted its earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 had a net margin of 9.49% and a return on equity of 114.45%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. equities analysts predict that OM Asset Management PLC will post 1.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.09 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.22%. OM Asset Management’s dividend payout ratio (DPR) is currently 52.94%.

In other OM Asset Management news, CAO Daniel K. Mahoney sold 2,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $15.94, for a total value of $31,880.00. Following the completion of the transaction, the chief accounting officer now owns 7,493 shares in the company, valued at $119,438.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Linda T. Gibson sold 46,357 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $16.46, for a total transaction of $763,036.22. Following the completion of the transaction, the executive vice president now owns 146,193 shares of the company’s stock, valued at approximately $2,406,336.78. The disclosure for this sale can be found here. Corporate insiders own 1.48% of the company’s stock.

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OM Asset Management 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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Institutional Ownership by Quarter for OM Asset Management (NYSE:OMAM)

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