Gator Capital Management LLC Buys New Stake in OM Asset Management PLC (OMAM)
Gator Capital Management LLC bought a new stake in shares of OM Asset Management PLC (NYSE:OMAM) in the 4th quarter, Holdings Channel reports. The firm bought 19,510 shares of the asset manager’s stock, valued at approximately $327,000.
Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of OM Asset Management by 220.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,135 shares of the asset manager’s stock valued at $103,000 after buying an additional 4,222 shares during the period. Principal Financial Group Inc. purchased a new position in shares of OM Asset Management during the second quarter valued at approximately $156,000. BlueCrest Capital Management Ltd purchased a new position in shares of OM Asset Management during the second quarter valued at approximately $168,000. FineMark National Bank & Trust purchased a new position in shares of OM Asset Management during the fourth quarter valued at approximately $198,000. Finally, Legal & General Group Plc boosted its position in shares of OM Asset Management 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 buying an additional 2,638 shares during the period. Institutional investors and hedge funds own 66.00% of the company’s stock.
Several analysts have recently weighed in on the stock. ValuEngine raised shares of OM Asset Management from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Royal Bank of Canada set a $20.00 price target on shares of OM Asset Management and gave the company a “buy” rating in a research note on Saturday, December 16th. Zacks Investment Research downgraded shares of OM Asset Management from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Citigroup lifted their price target on shares of OM Asset Management from $18.50 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, TheStreet raised shares of OM Asset Management from a “d” rating to a “c” rating in a research note on Monday, October 9th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $19.43.
OM Asset Management (NYSE:OMAM) last issued its quarterly earnings data on Thursday, February 1st. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $252.30 million during the quarter, compared to the consensus estimate of $240.25 million. OM Asset Management had a net margin of 0.47% and a return on equity of 125.33%. OM Asset Management’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. sell-side analysts expect that OM Asset Management PLC will post 1.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, March 15th. OM Asset Management’s dividend payout ratio (DPR) is 1,800.00%.
In related news, CAO Daniel K. Mahoney sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $15.94, for a total value of $31,880.00. Following the completion of the transaction, the chief accounting officer now owns 7,493 shares of the company’s stock, valued at $119,438.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Linda T. Gibson sold 46,357 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $16.46, for a total transaction of $763,036.22. Following the completion of the transaction, the executive vice president now directly owns 146,193 shares of the company’s stock, valued at approximately $2,406,336.78. The disclosure for this sale can be found here. Insiders sold 56,257 shares of company stock valued at $922,264 in the last three months. 1.48% of the stock is currently owned by insiders.
About OM Asset Management
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.
Want to see what other hedge funds are holding OMAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OM Asset Management PLC (NYSE:OMAM).
Receive News & Ratings for OM Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OM Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.