Alpine Woods Capital Investors LLC lowered its position in OM Asset Management PLC (NYSE:OMAM) by 45.5% during the second quarter, Holdings Channel reports. The institutional investor owned 117,000 shares of the asset manager’s stock after selling 97,500 shares during the period. Alpine Woods Capital Investors LLC’s holdings in OM Asset Management PLC were worth $1,739,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in OMAM. ClariVest Asset Management LLC acquired a new stake in OM Asset Management PLC during the second quarter worth $3,732,000. Rhumbline Advisers raised its stake in OM Asset Management PLC by 40.4% in the second quarter. Rhumbline Advisers now owns 58,012 shares of the asset manager’s stock worth $862,000 after buying an additional 16,705 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in OM Asset Management PLC by 52.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 90,300 shares of the asset manager’s stock worth $1,342,000 after buying an additional 31,200 shares during the last quarter. Strycker View Capital LLC acquired a new stake in OM Asset Management PLC during the second quarter worth $2,486,000. Finally, Nine Chapters Capital Management LLC raised its stake in OM Asset Management PLC by 55.7% in the second quarter. Nine Chapters Capital Management LLC now owns 21,800 shares of the asset manager’s stock worth $324,000 after buying an additional 7,800 shares during the last quarter. Institutional investors and hedge funds own 47.94% of the company’s stock.

Shares of OM Asset Management PLC (NYSE:OMAM) opened at 13.77 on Wednesday. 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 $14.80 and its 200-day moving average is $14.82. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 17.32 and a beta of 1.71.

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

OM Asset Management PLC declared that its Board of Directors has approved a stock repurchase program on Monday, May 15th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the asset manager to repurchase shares of its stock through a private placement purchase. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Thursday, September 14th. OM Asset Management PLC’s dividend payout ratio (DPR) is presently 45.57%.

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A number of equities research analysts have weighed in on OMAM shares. Royal Bank Of Canada started coverage on shares of OM Asset Management PLC in a report on Thursday, June 29th. They set an “outperform” rating and a $18.00 target price on the stock. Wells Fargo & Company raised shares of OM Asset Management PLC from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a report on Monday, June 5th. BidaskClub raised shares of OM Asset Management PLC from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. ValuEngine raised shares of OM Asset Management PLC from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Zacks Investment Research lowered shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. OM Asset Management PLC has a consensus rating of “Buy” and a consensus target price of $17.50.

In other OM Asset Management PLC news, CEO Peter L. Bain sold 98,145 shares of OM Asset Management PLC stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $13.63, for a total transaction of $1,337,716.35. Following the transaction, the chief executive officer now directly owns 380,550 shares of the company’s stock, valued at $5,186,896.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Group (Uk) Ltd Om sold 22,300,000 shares of OM Asset Management PLC stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $14.55, for a total transaction of $324,465,000.00. Following the transaction, the insider now directly owns 29,596,183 shares in the company, valued at $430,624,462.65. The disclosure for this sale can be found here. Insiders have sold 25,615,602 shares of company stock worth $372,451,834 over the last three months. Insiders own 1.48% of the company’s stock.

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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