Todays Report: Today, OM Asset Management PLC (OMAM) Position Decreased by Smith Asset Management Group LP

Today, OM Asset Management PLC (OMAM) Position Decreased by Smith Asset Management Group LP

Smith Asset Management Group LP decreased its stake in shares of OM Asset Management PLC (NYSE:OMAM) by 0.1% during the third quarter, Holdings Channel reports. The firm owned 113,040 shares of the company’s stock after selling 60 shares during the period. Smith Asset Management Group LP owned 0.09% of OM Asset Management PLC worth $1,572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in OMAM. Springbok Capital Management LLC bought a new stake in OM Asset Management PLC during the first quarter valued at $113,000. Royal Bank of Canada bought a new stake in OM Asset Management PLC during the second quarter valued at $124,000. Walleye Trading LLC bought a new stake in OM Asset Management PLC during the second quarter valued at $132,000. Globeflex Capital L P bought a new stake in OM Asset Management PLC during the second quarter valued at $134,000. Finally, Acrospire Investment Management LLC increased its stake in OM Asset Management PLC by 461.5% in the second quarter. Acrospire Investment Management LLC now owns 11,680 shares of the company’s stock valued at $156,000 after buying an additional 9,600 shares in the last quarter. Institutional investors and hedge funds own 33.45% of the company’s stock.

OM Asset Management PLC (NYSE:OMAM) remained flat at $14.81 during trading on Friday. The company’s stock had a trading volume of 45,653 shares. The stock has a market capitalization of $1.78 billion, a P/E ratio of 12.92 and a beta of 1.82. The firm has a 50-day moving average price of $13.93 and a 200 day moving average price of $13.84. OM Asset Management PLC has a 12 month low of $10.27 and a 12 month high of $16.48.

OM Asset Management PLC (NYSE:OMAM) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The firm earned $175.80 million during the quarter, compared to analysts’ expectations of $184.40 million. OM Asset Management PLC had a net margin of 21.55% and a return on equity of 76.82%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.31 EPS. Equities research analysts predict that OM Asset Management PLC will post $1.20 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.16%. OM Asset Management PLC’s payout ratio is currently 27.83%.

OMAM has been the subject of several research analyst reports. TheStreet downgraded shares of OM Asset Management PLC from a “hold” rating to a “sell” rating in a research note on Friday, November 18th. Zacks Investment Research raised shares of OM Asset Management PLC from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, October 5th. Citigroup Inc. reissued a “buy” rating on shares of OM Asset Management PLC in a research note on Tuesday, October 18th. Credit Suisse Group AG reissued a “buy” rating on shares of OM Asset Management PLC in a research note on Wednesday, August 31st. Finally, Morgan Stanley set a $15.00 price objective on shares of OM Asset Management PLC and gave the stock a “hold” rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. OM Asset Management PLC currently has an average rating of “Hold” and a consensus target price of $16.50.

OM Asset Management PLC Company Profile

OM Asset Management plc is a multi-boutique asset management company. The Company operates its business through its approximately seven affiliate firms (Affiliates). The Company is an indirect subsidiary of Old Mutual plc, which is an investment, savings, insurance and banking group. The Company’s Affiliates include Acadian Asset Management LLC (Acadian), Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow Hanley), Campbell Global, LLC (Campbell Global), Copper Rock Capital Partners LLC, Heitman LLC, Investment Counselors of Maryland, LLC and Thompson, Siegel & Walmsley LLC.

Related posts

Leave a Comment