TIAA CREF Investment Management LLC increased its position in shares of OM Asset Management PLC (NYSE:OMAM) by 29.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 413,947 shares of the company’s stock after buying an additional 93,991 shares during the period. TIAA CREF Investment Management LLC owned 0.34% of OM Asset Management PLC worth $5,758,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Royal Bank of Canada bought a new position in shares of OM Asset Management PLC during the second quarter worth about $124,000. Walleye Trading LLC bought a new position in shares of OM Asset Management PLC during the second quarter worth about $132,000. Globeflex Capital L P bought a new position in shares of OM Asset Management PLC during the second quarter worth about $134,000. Parametric Portfolio Associates LLC increased its position in shares of OM Asset Management PLC by 13.7% in the second quarter. Parametric Portfolio Associates LLC now owns 12,217 shares of the company’s stock worth $163,000 after buying an additional 1,471 shares in the last quarter. Finally, BlackRock Advisors LLC increased its position in shares of OM Asset Management PLC by 71.0% in the second quarter. BlackRock Advisors LLC now owns 13,868 shares of the company’s stock worth $185,000 after buying an additional 5,758 shares in the last quarter. Institutional investors and hedge funds own 31.85% of the company’s stock.
Shares of OM Asset Management PLC (NYSE:OMAM) traded down 1.76% during mid-day trading on Friday, reaching $13.99. The company’s stock had a trading volume of 216,558 shares. OM Asset Management PLC has a 52 week low of $10.27 and a 52 week high of $15.52. The company’s 50-day moving average is $14.47 and its 200-day moving average is $13.97. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 12.21 and a beta of 1.78.
OM Asset Management PLC (NYSE:OMAM) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. OM Asset Management PLC had a return on equity of 76.82% and a net margin of 21.55%. The company had revenue of $175.80 million for the quarter, compared to analysts’ expectations of $184.40 million. During the same period in the prior year, the firm earned $0.31 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that OM Asset Management PLC will post $1.20 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, December 14th. OM Asset Management PLC’s payout ratio is currently 27.83%.
A number of research analysts have recently issued reports on OMAM shares. Zacks Investment Research upgraded OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Wednesday, January 4th. Credit Suisse Group restated a “buy” rating and set a $15.00 target price on shares of OM Asset Management PLC in a research note on Monday, November 7th. Citigroup Inc. restated a “buy” rating on shares of OM Asset Management PLC in a research note on Tuesday, October 18th. Finally, TheStreet downgraded OM Asset Management PLC from a “hold” rating to a “sell” rating in a research note on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. OM Asset Management PLC presently has an average rating of “Buy” and a consensus price target of $16.58.
In other news, major shareholder Group (Uk) Ltd Om sold 20,950,000 shares of the stock in a transaction on Monday, December 19th. The stock was sold at an average price of $14.25, for a total value of $298,537,500.00. Following the sale, the insider now directly owns 64,310,859 shares in the company, valued at $916,429,740.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.41% of the stock is currently owned by company insiders.
OM Asset Management PLC Company Profile
OM Asset Management plc is a multi-boutique asset management company. The Company operates its business through its approximately seven affiliate firms (Affiliates). The Company is an indirect subsidiary of Old Mutual plc, which is an investment, savings, insurance and banking group. The Company’s Affiliates include Acadian Asset Management LLC (Acadian), Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow Hanley), Campbell Global, LLC (Campbell Global), Copper Rock Capital Partners LLC, Heitman LLC, Investment Counselors of Maryland, LLC and Thompson, Siegel & Walmsley LLC.
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