Ameriprise Financial Inc. Has $2.20 Million Holdings in OM Asset Management PLC (OMAM)

Ameriprise Financial Inc. lowered its stake in OM Asset Management PLC (NYSE:OMAM) by 36.9% during the third quarter, HoldingsChannel reports. The firm owned 147,210 shares of the asset manager’s stock after selling 85,975 shares during the quarter. Ameriprise Financial Inc.’s holdings in OM Asset Management were worth $2,197,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its position in OM Asset Management by 22.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock valued at $119,000 after purchasing an additional 1,488 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in OM Asset Management in the 2nd quarter valued at about $156,000. SG Americas Securities LLC acquired a new stake in OM Asset Management in the 2nd quarter valued at about $159,000. BlueCrest Capital Management Ltd acquired a new stake in OM Asset Management in the 2nd quarter valued at about $168,000. Finally, Legal & General Group Plc raised its position in OM Asset Management by 19.2% in the 2nd quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock valued at $244,000 after purchasing an additional 2,638 shares in the last quarter. 64.94% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on OMAM shares. ValuEngine lowered OM Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. BidaskClub raised OM Asset Management from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 26th. Zacks Investment Research lowered OM Asset Management from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. TheStreet raised OM Asset Management from a “d” rating to a “c” rating in a research report on Monday, October 9th. Finally, Royal Bank of Canada set a $18.00 price target on 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 assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $18.75.

OM Asset Management PLC (OMAM) opened at $16.95 on Friday. OM Asset Management PLC has a 1-year low of $13.20 and a 1-year high of $17.22. The company has a market capitalization of $1,846.59, a PE ratio of 11.07, a PEG ratio of 0.70 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 (NYSE:OMAM) last released its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. OM Asset Management had a return on equity of 114.45% and a net margin of 9.49%. The business had revenue of $228.20 million for the quarter, compared to the consensus estimate of $220.50 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. sell-side analysts forecast that OM Asset Management PLC will post 1.58 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.09 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.12%. OM Asset Management’s payout ratio is currently 52.94%.

In other news, EVP Linda T. Gibson sold 46,357 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,406,336.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Joseph Ritchie sold 7,900 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $16.12, for a total value of $127,348.00. Following the completion of the transaction, the director now owns 18,372 shares in the company, valued at approximately $296,156.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,257 shares of company stock worth $922,264. Company 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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