OM Asset Management PLC (NYSE:OMAM) Director James Joseph Ritchie sold 7,900 shares of OM Asset Management stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $16.12, for a total transaction of $127,348.00. Following the sale, the director now owns 18,372 shares of the company’s stock, valued at $296,156.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of OM Asset Management PLC (NYSE:OMAM) traded up $0.53 on Friday, hitting $16.73. 996,600 shares of the stock were exchanged, compared to its average volume of 558,398. The company has a market cap of $1,778.57, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.76 and a beta of 1.76. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 3.23. OM Asset Management PLC has a 1 year low of $13.20 and a 1 year high of $16.92.

OM Asset Management (NYSE:OMAM) last announced its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The firm had revenue of $228.20 million during the quarter, compared to analyst estimates of $220.50 million. OM Asset Management had a net margin of 9.49% and a return on equity of 114.45%. The business’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. equities research analysts forecast that OM Asset Management PLC will post 1.58 EPS for the current 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 issued a dividend of $0.09 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.36 dividend on an annualized basis and a yield of 2.15%. OM Asset Management’s dividend payout ratio is currently 52.94%.

Large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. raised its holdings in 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 valued at $119,000 after buying an additional 1,488 shares during the last quarter. Principal Financial Group Inc. bought a new stake in OM Asset Management during the 2nd quarter valued at $156,000. SG Americas Securities LLC bought a new stake in OM Asset Management during the 2nd quarter valued at $159,000. BlueCrest Capital Management Ltd bought a new stake in OM Asset Management during the 2nd quarter valued at $168,000. Finally, Legal & General Group Plc raised its holdings in 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 valued at $244,000 after buying an additional 2,638 shares during the last quarter. Institutional investors own 64.97% of the company’s stock.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, October 11th. ValuEngine lowered shares of OM Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Citigroup lifted their target price on shares of OM Asset Management from $18.50 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. BidaskClub upgraded shares of OM Asset Management from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $17.50 target price on shares of OM Asset Management in a research report on Tuesday, September 5th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. OM Asset Management has a consensus rating of “Buy” and an average price target of $18.08.

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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.

Insider Buying and Selling by Quarter for OM Asset Management (NYSE:OMAM)

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