Numeric Investors LLC lifted its stake in shares of OM Asset Management PLC (NYSE:OMAM) by 619.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 550,300 shares of the asset manager’s stock after purchasing an additional 473,800 shares during the quarter. Numeric Investors LLC owned about 0.49% of OM Asset Management PLC worth $8,177,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in OM Asset Management PLC by 1.0% during the first 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 in the last quarter. Oppenheimer Asset Management Inc. lifted its position in 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 worth $119,000 after purchasing an additional 1,488 shares during the period. American International Group Inc. lifted its position in OM Asset Management PLC by 7.1% in the first quarter. American International Group Inc. now owns 24,712 shares of the asset manager’s stock worth $374,000 after purchasing an additional 1,637 shares during the period. Parametric Portfolio Associates LLC lifted its position in OM Asset Management PLC by 5.7% in the second 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 period. Finally, Legal & General Group Plc boosted its stake in OM Asset Management PLC 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 purchasing an additional 2,638 shares in the last quarter. Institutional investors and hedge funds own 66.02% of the company’s stock.

Shares of OM Asset Management PLC (NYSE:OMAM) opened at 14.92 on Monday. OM Asset Management PLC has a one year low of $12.10 and a one year high of $16.01. The company’s 50-day moving average is $13.79 and its 200-day moving average is $14.60. The company has a market capitalization of $1.64 billion, a PE ratio of 18.86 and a beta of 1.74.

OM Asset Management PLC (NYSE:OMAM) last released its earnings results on Thursday, August 3rd. The asset manager reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. OM Asset Management PLC had a net margin of 12.12% and a return on equity of 95.51%. The company had revenue of $218.80 million for the quarter, compared to the consensus estimate of $211.67 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 39.8% compared to the same quarter last year. Equities analysts predict that OM Asset Management PLC will post $1.54 earnings per share for the current year.

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

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Several equities analysts have recently issued reports on OMAM shares. BidaskClub upgraded OM Asset Management PLC from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 26th. ValuEngine downgraded OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $17.50 price objective on shares of OM Asset Management PLC in a report on Tuesday, September 5th. Zacks Investment Research lowered OM Asset Management PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada set a $18.00 price objective on OM Asset Management PLC and gave the company a “buy” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.50.

In related news, CEO Peter L. Bain sold 145,842 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $14.42, for a total value of $2,103,041.64. Following the transaction, the chief executive officer now directly owns 778,474 shares in the company, valued at $11,225,595.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter L. Bain sold 273,885 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $14.21, for a total transaction of $3,891,905.85. Following the completion of the transaction, the chief executive officer now owns 596,862 shares in the company, valued at $8,481,409.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 720,602 shares of company stock valued at $10,229,584. 1.48% of the stock is owned by corporate insiders.

OM Asset Management PLC 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.

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

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