Economy

Old Mutual Sells 14.5% of OM Asset Management Stake for $251.4 Million

General Electric Co now has $177.69B valuation.

The stock decreased 0.04% or GBX 0.07 on November 13, reaching GBX 192.83. About 376,508 shares traded. General Electric Company (NYSE:GE) has declined 4.46% since November 12, 2016 and is downtrending. It has underperformed by 16.70% the S&P500. Advisors Asset Management Inc.'s holdings in XL Group PLC were worth $323,000 as of its most recent filing with the SEC. William Blair Investment Management LLC grew its stake in OM Asset Management PLC by 4.8% during the second quarter. OM Asset Management PLC has a 1 year low of $13.20 and a 1 year high of $16.04. Products Prtnrs Limited Liability invested in 150,200 shares or 0.09% of the stock. About 23.19M shares traded or 70.89% up from the average.

OM Asset Management PLC (NYSE:OMAM) last posted its earnings results on Thursday, November 2nd. It has underperformed by 11.88% the S&P500. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. Therefore 71% are positive.

In other OM Asset Management PLC news, Director Robert J. Chersi bought 7,500 shares of the firm's stock in a transaction that occurred on Thursday, August 17th. Langen Mcalenn lowered XL Group PLC from a "buy" rating to a "neutral" rating in a research note on Monday, September 12th. The stock has "Hold" rating by Liberum Capital on Monday, October 3. Hudson Bay Capital Lp holds 0.12% of its portfolio in OM Asset Management PLC (NYSE:OMAM) for 395,000 shares.

The second sale puts Old Mutual's remaining stake in OM Asset Management at 5.5%. On Wednesday, July 5 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". The firm earned "Buy" rating on Tuesday, February 16 by Deutsche Bank. The stock was acquired at an average price of $13.48 per share, with a total value of $101,100.00.

The stock increased 3.15% or $0.49 on November 10, reaching $16.04.

Investors sentiment increased to 3.29 in Q2 2017. Its up 1.85, from 1.44 in 2017Q1. LLC raised its position in shares of XL Group PLC by 125.6% in the second quarter. 131.89 million shares or 176.35% more from 47.73 million shares in 2017Q1 were reported. Penn Mgmt holds 0.88% or 799,004 shares in its portfolio. BidaskClub upgraded OM Asset Management PLC from a "strong sell" rating to a "sell" rating in a research report on Tuesday, September 26th. New York State Common Retirement Fund has invested 0.01% in OM Asset Management PLC (NYSE:OMAM).

Among 21 analysts covering Taylor Wimpey PLC (LON:TW), 14 have Buy rating, 1 Sell and 6 Hold. Invesco holds 112,653 shares. Kennedy Management reported 0.13% stake. State Street stated it has 1.21M shares or 0% of all its holdings.

OM Asset Management plc is a global, diversified, multi-boutique asset management company. More interesting news about OM Asset Management PLC (NYSE:OMAM) was released by: Streetinsider.com and their article: "OM Asset Management (OMAM) CEO Peter Bain to Step Down; James Ritchie to ..." with publication date: June 29, 2017. 950 were accumulated by Pnc Fincl Services Incorporated. Hedge funds and other institutional investors own 88.51% of the company's stock. 111 funds opened positions while 598 raised stakes. The company had a trading volume of 1,700,238 shares. Renaissance Technology Ltd Liability reported 1.23M shares. Neuberger Berman Group LLC now owns 2,956,298 shares of the asset manager's stock worth $43,931,000 after purchasing an additional 502,805 shares during the period. Reliance Tru Of Delaware has 250,294 shares for 1.03% of their portfolio. Signature Fincl Management Inc stated it has 0.37% in General Electric Company (NYSE:GE).



Like this

loading...
loading...

Latest


13 November 2017
19-year-old dies in police officer-involved shooting, family says
The caller described smoke coming from a green hatchback auto and said they heard "two loud bangs sounded like gunshots". Southcoast Health security assisted police during the incident to ensure that it remained isolated to that area.

13 November 2017
Take-Two Interactive Software, Inc
TheStreet lowered Take-Two Interactive Software from a "b" rating to a "c+" rating in a research note on Tuesday, November 7th. Moreover, Artemis Investment Ltd Liability Partnership has 0.78% invested in Take Two Interactive Software Inc (NASDAQ:TTWO).

13 November 2017
Buhari Endorses El-Rufai's Plan To Sack 21780 Teachers In Kaduna
Organised labour, under the aegies of the Nigeria Labour Congress has also pitched its tent with the NUT. President Buhari, therefore, said it was unacceptable for teachers not to be better than their students.

13 November 2017
Southwestern Energy's (SWN) "Hold" Rating Reiterated at KeyCorp
Martin & Communications Tn invested in 1.8% or 207,285 shares. 225,504 are held by Trexquant Lp. (NYSE:SLB) for 30,000 shares. It is negative, as 91 investors sold SWN shares while 97 reduced holdings. 65 funds opened positions while 146 raised stakes.

13 November 2017
R100‚000 fine for Manana plus community service and compensation for victims
Manana had been convicted of three counts of assault with intent to do grievous bodily harm after pleading guilty to the charges. Manana's supporters wearing African National Congress T-shirts broke out in song outside the court following his sentencing.

13 November 2017
Spirit Realty Capital, Inc. (SRC) Earns Hold Rating from SunTrust Banks, Inc
BidaskClub downgraded shares of Spirit Realty Capital from a "hold" rating to a "sell" rating in a report on Saturday, July 8th. About 18.98M shares traded or 40.70% up from the average. (NFG) has risen 5.11% since November 13, 2016 and is uptrending.

13 November 2017
Wolfenstein 2: The New Colossus DLC roadmap with releases dates revealed
Like most brand new titles of this caliber, " Wolfenstein 2: The New Colossus " is not without flaws right after its release. Captain Gerald Wilkins is the star of this one, as he heads to Alaska to dismantle Operation Black Sun.

13 November 2017
Advocate: Governor to announce tech company expansion in NOLA
Details about the services the company will be providing out of its New Orleans-based facility were not available. A portion of that will be injected into the local higher education system for workforce development.

13 November 2017
Emily Maynard Johnson Welcomes Her Fourth Child
The reality star was also betrothed to Season 15 " Bachelor " star Brad Womack and Season 8 " Bachelorette " victor Jeff Holm . The star was also engaged to season 15 Bachelor star Brad Womack and season 8 Bachelorette victor Jeff Holm .

13 November 2017
Banco Bradesco Sa (BBD) Holdings Decreased by Capital Growth Management Lp
Wall Street is only getting more bullish on the stock, with 2 of analysts who cover BBD having a buy-equivalent rating. TRADEMARK VIOLATION WARNING: This report was posted by StockNewsTimes and is the sole property of of StockNewsTimes.