Brandywine Global Investment Management LLC increased its holdings in OM Asset Management PLC (NYSE:OMAM) by 74.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 726,212 shares of the asset manager’s stock after purchasing an additional 309,394 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.65% of OM Asset Management PLC worth $10,792,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of OMAM. Oppenheimer Asset Management Inc. boosted its holdings in OM Asset Management PLC by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock valued at $119,000 after acquiring an additional 1,488 shares during the period. Principal Financial Group Inc. bought a new stake in OM Asset Management PLC during the second quarter valued at about $156,000. SG Americas Securities LLC bought a new stake in OM Asset Management PLC during the second quarter valued at about $159,000. First Quadrant L P CA bought a new stake in OM Asset Management PLC during the second quarter valued at about $178,000. Finally, Legal & General Group Plc boosted its holdings in OM Asset Management PLC by 19.2% during the second quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock valued at $244,000 after acquiring an additional 2,638 shares during the period. Hedge funds and other institutional investors own 66.02% of the company’s stock.

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In related news, CEO Peter L. Bain sold 145,842 shares of OM Asset Management PLC stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $14.42, for a total transaction of $2,103,041.64. Following the completion of the sale, the chief executive officer now owns 778,474 shares of the company’s stock, valued at approximately $11,225,595.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter L. Bain sold 273,885 shares of OM Asset Management PLC stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $14.21, for a total transaction of $3,891,905.85. Following the sale, the chief executive officer now directly owns 596,862 shares of the company’s stock, valued at approximately $8,481,409.02. The disclosure for this sale 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. 1.48% of the stock is currently owned by insiders.

Shares of OM Asset Management PLC (NYSE:OMAM) opened at 14.92 on Friday. The company has a market capitalization of $1.64 billion, a PE ratio of 18.86 and a beta of 1.72. OM Asset Management PLC has a 12-month low of $12.10 and a 12-month high of $16.01. The firm’s 50-day moving average is $13.79 and its 200-day moving average is $14.60.

OM Asset Management PLC (NYSE:OMAM) last released its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $218.80 million for the quarter, compared to analyst estimates of $211.67 million. OM Asset Management PLC had a net margin of 12.12% and a return on equity of 95.51%. OM Asset Management PLC’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 business earned $0.30 EPS. On average, equities research analysts anticipate that OM Asset Management PLC will post $1.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.41%. OM Asset Management PLC’s dividend payout ratio is presently 45.57%.

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of OM Asset Management PLC in a report on Thursday, June 29th. They set an “outperform” rating and a $18.00 price target for the company. ValuEngine cut shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. BidaskClub cut shares of OM Asset Management PLC from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Keefe, Bruyette & Woods restated a “buy” rating and set a $17.50 price target on shares of OM Asset Management PLC in a report on Friday, August 4th. Finally, Zacks Investment Research cut shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $17.50.

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.

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

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