Fmr LLC cut its holdings in OM Asset Management PLC (NYSE:OMAM) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,961,007 shares of the asset manager’s stock after selling 497,987 shares during the period. Fmr LLC owned 9.55% of OM Asset Management PLC worth $162,881,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of OMAM. Oppenheimer Asset Management Inc. increased its stake in shares of 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. Principal Financial Group Inc. bought a new position in shares of OM Asset Management PLC in the second quarter worth about $156,000. SG Americas Securities LLC bought a new position in shares of OM Asset Management PLC in the second quarter worth about $159,000. First Quadrant L P CA bought a new position in shares of OM Asset Management PLC in the second quarter worth about $178,000. Finally, Legal & General Group Plc increased its stake in shares of OM Asset Management PLC by 19.2% in the second quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock worth $244,000 after purchasing an additional 2,638 shares during the period. Institutional investors and hedge funds own 66.02% of the company’s stock.

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In related news, Director Robert J. Chersi purchased 7,500 shares of the stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $13.48 per share, with a total value of $101,100.00. Following the acquisition, the director now directly owns 12,971 shares in the company, valued at $174,849.08. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Peter L. Bain sold 145,842 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $14.42, for a total transaction of $2,103,041.64. Following the completion of the transaction, the chief executive officer now directly owns 778,474 shares in the company, valued at $11,225,595.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 720,602 shares of company stock worth $10,229,584. 1.48% of the stock is owned by insiders.

A number of research firms have recently commented on OMAM. BidaskClub upgraded OM Asset Management PLC from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered OM Asset Management PLC from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine upgraded OM Asset Management PLC from a “hold” rating to a “buy” rating in a research note on Monday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $17.50 price objective on shares of OM Asset Management PLC in a research note on Tuesday, September 5th. Finally, Royal Bank Of Canada set a $18.00 price objective on OM Asset Management PLC and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $17.88.

OM Asset Management PLC (NYSE:OMAM) opened at 14.89 on Thursday. OM Asset Management PLC has a 1-year low of $12.10 and a 1-year high of $16.01. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 18.82 and a beta of 1.74. The stock has a 50 day moving average price of $13.87 and a 200-day moving average price of $14.56.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.42%. 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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