Goldman Sachs Group Inc. Grows Holdings in OM Asset Management PLC (OMAM)

Goldman Sachs Group Inc. raised its stake in OM Asset Management PLC (NYSE:OMAM) by 13.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,899,248 shares of the asset manager’s stock after purchasing an additional 346,124 shares during the period. Goldman Sachs Group Inc. owned 2.60% of OM Asset Management PLC worth $43,083,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its holdings in shares of OM Asset Management PLC by 22.9% in the second 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 during the last quarter. Principal Financial Group Inc. acquired a new position in shares of OM Asset Management PLC in the second quarter valued at $156,000. SG Americas Securities LLC acquired a new position in shares of OM Asset Management PLC in the second quarter valued at $159,000. First Quadrant L P CA acquired a new position in shares of OM Asset Management PLC in the second quarter valued at $178,000. Finally, Legal & General Group Plc increased its holdings in shares of OM Asset Management PLC by 19.2% in the second 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 during the last quarter. Hedge funds and other institutional investors own 66.02% of the company’s stock.

Several equities analysts have commented on the stock. Royal Bank Of Canada assumed coverage on shares of OM Asset Management PLC in a report on Thursday, June 29th. They issued an “outperform” rating and a $18.00 price objective on the stock. Zacks Investment Research downgraded shares of OM Asset Management PLC from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded shares of OM Asset Management PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. ValuEngine upgraded shares of OM Asset Management PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $17.50 price target on shares of OM Asset Management PLC in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. OM Asset Management PLC has a consensus rating of “Buy” and a consensus target price of $17.88.

In other news, CEO Peter L. Bain sold 145,842 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $14.42, for a total transaction of $2,103,041.64. Following the completion of the transaction, the chief executive officer now owns 778,474 shares of the company’s stock, valued at $11,225,595.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Chersi acquired 7,500 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average cost of $13.48 per share, with a total value of $101,100.00. Following the acquisition, the director now directly owns 12,971 shares of the company’s stock, valued at approximately $174,849.08. The disclosure for this purchase can be found here. Insiders have sold a total of 720,602 shares of company stock valued at $10,229,584 in the last ninety days. Insiders own 1.48% of the company’s stock.

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OM Asset Management PLC (NYSE:OMAM) opened at 15.00 on Friday. The firm has a market capitalization of $1.65 billion, a P/E ratio of 18.96 and a beta of 1.74. OM Asset Management PLC has a 1-year low of $12.10 and a 1-year high of $16.01. The company has a 50 day moving average of $13.95 and a 200 day moving average of $14.56.

OM Asset Management PLC (NYSE:OMAM) last posted its earnings results on Thursday, August 3rd. The asset manager reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The business had revenue of $218.80 million during the quarter, compared to analyst estimates of $211.67 million. OM Asset Management PLC had a return on equity of 95.51% and a net margin of 12.12%. The company’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. On average, equities research analysts anticipate that OM Asset Management PLC will post $1.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Thursday, September 14th. OM Asset Management PLC’s payout ratio is presently 45.57%.

About OM Asset Management PLC

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 PLC (NYSE:OMAM)

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