Just How Negative is Citigroup Following Their Downgrade of OM Asset Mgmt (NYSE:OMAM)?


OM Asset Mgmt (NYSE:OMAM) Receives a Downgrade

In recent note issued on 15 December, investment analysts at Citigroup’s equities research division downgraded the rating for OM Asset Mgmt (NYSE:OMAM) shares from the previous Buy to a Neutral.

From a total of 8 analysts covering OM Asset Mgmt (NYSE:OMAM) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 78% of the ratings are positive. The highest target price is $21 while the lowest target price is $18. The mean of all analyst targets is $19.44 with a 47.78% above today’s ($14.21) stock price. OM Asset Mgmt was the topic of 4 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 9 with “Outperform” rating.

The stock decreased 1.39% or $0.2 on December 15, striking $14.21. Approximately 324,325 shares of stock traded hands or 90.01% up from the average. OM Asset Management PLC (NYSE:OMAM) has declined 25.57% since May 12, 2015 and is downtrending. It has underperformed by 21.89% the S&P500.

The overall sentiment of institutions has decreased to 0.94 in Q2 2015. Its down 3.69, from 4.63 in 2015Q2. The ratio dived, as 14 institutions have sold all the shares of OM Asset Management PLC that they owned while 35 funds have taken shares off the table. 16 funds have purchased shares for the first time while 30 added to their positions. These institutions now hold 34.44 million shares or 48.45% less than the 66.81 million shares they owned in 2015Q2.

The Fund Alpenglow Capital Lp currently is holding shares equating to 8.32% of its total portfolio in OM Asset Management PLC representing a total of 627,901 shares. Another fund,Philadelphia Financial Management Of San Francisco Llc, is holding a total of 837,403 shares equating to 2.76% of their holdings. Additionally, Fsi Group Llc has a 285,541 share stake in OM Asset Management PLC which represents 1.95% of their total portfolio. The Fund, Mangrove Partners, based out of New York, has also built up a stake in the stock, which represents a total of 1.2% of their total portfolio. Finally Achievement Holdings L.P., a fund which is based in the state of Illinois reported a total holdings of 621,300 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 4, 2015, shareholders of OM Asset Management PLC have witnessed 0 insider purchases, and a total of 1 insider sale equating to a net activity of approximately $267.66 million . Om Group (Uk) Ltd sold 15.30M shares worth approximately $267.66M. Rogers John bought 5,000 shares worth approximately $88,998.

OM Asset Management plc is a multi-boutique asset management company. The company has a market cap of $1.75 billion. The Firm operates its business through its seven affiliate firms . It has 11.29 P/E ratio. The Company’s Affiliates include Acadian Asset Management LLC, a manager of global and international equity, fixed income and alternative strategies; Barrow, Hanley, Mewhinney & Strauss, LLC, an investment manager of the United States, international and global equities, fixed income and a range of balanced investment management strategies; Campbell Global, LLC, a timber and natural resource investment manager; Copper Rock Capital Partners LLC, an equity investment manager of small-cap international and global markets equity strategies; Heitman LLC, a real estate investment manager; Investment Counselors of Maryland, LLC, a domestic equity manager, and Thompson, Siegel & Walmsley LLC, an investment manager.

According to Zacks Investment Research, “OM Asset Management plc operates as a multi-boutique asset management company. It provides its services to individuals and institutions. The Company offers products in domestic and international equities, fixed income, and alternative investments, such as timber and real estate. OM Asset Management plc is based Boston, Massachusetts.”