Robeco Institutional Asset Management B.V. Invests $762,000 in OM Asset Management PLC (NYSE:OMAM)

Robeco Institutional Asset Management B.V. purchased a new stake in OM Asset Management PLC (NYSE:OMAM) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 51,299 shares of the asset manager’s stock, valued at approximately $762,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. William Blair Investment Management LLC increased its holdings in OM Asset Management PLC by 4.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,393,659 shares of the asset manager’s stock valued at $50,430,000 after purchasing an additional 155,366 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in OM Asset Management PLC by 0.6% in the 1st quarter. Neuberger Berman Group LLC now owns 2,453,493 shares of the asset manager’s stock valued at $37,097,000 after purchasing an additional 13,790 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in OM Asset Management PLC by 2.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 2,148,598 shares of the asset manager’s stock valued at $31,928,000 after purchasing an additional 45,141 shares in the last quarter. Columbia Wanger Asset Management LLC grew its stake in shares of OM Asset Management PLC by 7.2% during the first quarter. Columbia Wanger Asset Management LLC now owns 1,670,206 shares of the asset manager’s stock valued at $25,254,000 after acquiring an additional 112,687 shares in the last quarter. Finally, Federated Investors Inc. PA grew its stake in shares of OM Asset Management PLC by 18.3% during the second quarter. Federated Investors Inc. PA now owns 1,307,144 shares of the asset manager’s stock valued at $19,424,000 after acquiring an additional 202,517 shares in the last quarter. Hedge funds and other institutional investors own 66.02% of the company’s stock.

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Several brokerages have recently weighed in on OMAM. Royal Bank Of Canada began coverage on OM Asset Management PLC in a research note on Thursday, June 29th. They set an “outperform” rating and a $18.00 target price for the company. BidaskClub upgraded OM Asset Management PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Tuesday, June 27th. ValuEngine upgraded OM Asset Management PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $17.50 target price on shares of OM Asset Management PLC in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $17.50.

In other news, CEO Peter L. Bain sold 273,885 shares of OM Asset Management PLC stock in a transaction dated 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 sale, the chief executive officer now directly owns 596,862 shares in the company, valued at approximately $8,481,409.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Chersi bought 7,500 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $13.48 per share, for a total transaction of $101,100.00. Following the completion of the transaction, the director now owns 12,971 shares in the company, valued at approximately $174,849.08. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 720,602 shares of company stock worth $10,229,584. Insiders own 1.48% of the company’s stock.

OM Asset Management PLC (NYSE:OMAM) opened at 13.96 on Friday. The stock’s 50 day moving average is $13.79 and its 200 day moving average is $14.60. The company has a market cap of $1.53 billion, a PE ratio of 17.65 and a beta of 1.72. OM Asset Management PLC has a 12 month low of $12.10 and a 12 month high of $16.01.

OM Asset Management PLC (NYSE:OMAM) last posted its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm posted $0.30 EPS. The business’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 business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.58%. OM Asset Management PLC’s payout ratio is 45.57%.

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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