OM Asset Management PLC (OMAM) Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC lowered its position in shares of OM Asset Management PLC (NYSE:OMAM) by 45.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,000 shares of the asset manager’s stock after selling 97,500 shares during the period. Alpine Woods Capital Investors LLC owned approximately 0.10% of OM Asset Management PLC worth $1,739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OMAM. Norges Bank acquired a new position in OM Asset Management PLC during the fourth quarter valued at about $11,248,000. Globeflex Capital L P purchased a new stake in shares of OM Asset Management PLC during the first quarter valued at $9,845,000. Wells Fargo & Company MN boosted its stake in shares of OM Asset Management PLC by 168.8% in the first quarter. Wells Fargo & Company MN now owns 831,340 shares of the asset manager’s stock valued at $12,570,000 after buying an additional 522,089 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of OM Asset Management PLC by 298.7% in the first quarter. JPMorgan Chase & Co. now owns 502,722 shares of the asset manager’s stock valued at $7,601,000 after buying an additional 376,637 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of OM Asset Management PLC by 700.9% in the first quarter. Prudential Financial Inc. now owns 345,200 shares of the asset manager’s stock valued at $5,219,000 after buying an additional 302,100 shares in the last quarter. 47.94% of the stock is owned by hedge funds and other institutional investors.

Shares of OM Asset Management PLC (NYSE OMAM) opened at 13.77 on Wednesday. The firm’s 50-day moving average is $14.80 and its 200 day moving average is $14.82. The company has a market capitalization of $1.53 billion, a PE ratio of 17.32 and a beta of 1.71. OM Asset Management PLC has a 52 week low of $12.10 and a 52 week high of $16.01.

OM Asset Management PLC (NYSE:OMAM) last issued its earnings results on Thursday, August 3rd. The asset manager reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $218.80 million during the quarter, compared to analysts’ expectations of $211.67 million. OM Asset Management PLC had a net margin of 12.12% and a return on equity of 95.51%. The business’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 EPS. On average, analysts anticipate that OM Asset Management PLC will post $1.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, September 14th. OM Asset Management PLC’s payout ratio is presently 45.57%.

OM Asset Management PLC declared that its board has initiated a share buyback program on Monday, May 15th that authorizes the company to buyback 5,000,000 shares. This buyback authorization authorizes the asset manager to repurchase shares of its stock through a private placement purchase. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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Several analysts have weighed in on OMAM shares. Royal Bank Of Canada started coverage on shares of OM Asset Management PLC in a research note on Thursday, June 29th. They set an “outperform” rating and a $18.00 price objective on the stock. ValuEngine cut shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut shares of OM Asset Management PLC from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research raised shares of OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $17.50 price objective on shares of OM Asset Management PLC in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $17.50.

In related news, major shareholder Group (Uk) Ltd Om sold 22,300,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $14.55, for a total transaction of $324,465,000.00. Following the completion of the transaction, the insider now directly owns 29,596,183 shares in the company, valued at approximately $430,624,462.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Peter L. Bain sold 98,145 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $13.63, for a total transaction of $1,337,716.35. Following the transaction, the chief executive officer now owns 380,550 shares of the company’s stock, valued at $5,186,896.50. The disclosure for this sale can be found here. Insiders sold a total of 25,615,602 shares of company stock valued at $372,451,834 over the last 90 days. Corporate insiders own 1.48% of the company’s stock.

OM Asset Management PLC 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.

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

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