Hillsdale Investment Management Inc. grew its stake in shares of OM Asset Management PLC (NYSE:OMAM) by 14.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,100 shares of the asset manager’s stock after purchasing an additional 9,200 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.07% of OM Asset Management worth $1,091,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Bank of America Corp DE increased its position in shares of OM Asset Management by 1.0% during the 1st quarter. Bank of America Corp DE now owns 139,704 shares of the asset manager’s stock worth $2,112,000 after purchasing an additional 1,362 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of OM Asset Management by 22.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock worth $119,000 after purchasing an additional 1,488 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of OM Asset Management by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,032 shares of the asset manager’s stock worth $550,000 after purchasing an additional 1,981 shares during the last quarter. Legal & General Group Plc increased its position in shares of OM Asset Management by 19.2% during the 2nd quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock worth $244,000 after purchasing an additional 2,638 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of OM Asset Management by 12.2% during the 2nd quarter. Strs Ohio now owns 54,400 shares of the asset manager’s stock worth $808,000 after acquiring an additional 5,900 shares during the last quarter. 64.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on OMAM shares. BidaskClub raised OM Asset Management from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 26th. Royal Bank Of Canada set a $18.00 target price on OM Asset Management and gave the stock a “buy” rating in a report on Wednesday, October 18th. ValuEngine raised OM Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. TheStreet raised OM Asset Management from a “d” rating to a “c” rating in a report on Monday, October 9th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.50 target price on shares of OM Asset Management in a report on Tuesday, September 5th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.08.

In related news, CAO Daniel K. Mahoney sold 2,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $15.94, for a total value of $31,880.00. Following the completion of the sale, the chief accounting officer now directly owns 7,493 shares in the company, valued at approximately $119,438.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.48% of the company’s stock.

OM Asset Management PLC (NYSE:OMAM) traded up $0.07 during mid-day trading on Friday, hitting $16.47. The company had a trading volume of 910,602 shares, compared to its average volume of 560,796. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market cap of $1,765.40, a price-to-earnings ratio of 10.59, a PEG ratio of 0.75 and a beta of 1.74. OM Asset Management PLC has a 1-year low of $13.20 and a 1-year high of $16.68.

OM Asset Management (NYSE:OMAM) last posted its earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $228.20 million for the quarter, compared to analyst estimates of $220.50 million. OM Asset Management had a return on equity of 114.45% and a net margin of 9.49%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. research analysts predict that OM Asset Management PLC will post 1.58 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.09 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.36 annualized dividend and a yield of 2.19%. OM Asset Management’s dividend payout ratio (DPR) is presently 52.94%.

COPYRIGHT VIOLATION NOTICE: “Hillsdale Investment Management Inc. Purchases 9,200 Shares of OM Asset Management PLC (OMAM)” was first posted by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.watchlistnews.com/hillsdale-investment-management-inc-purchases-9200-shares-of-om-asset-management-plc-omam/1737598.html.

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.

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

Receive News & Ratings for OM Asset Management PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OM Asset Management PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.