Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  OM Asset Management PLC    OMAM   GB00BQVC8B38

Delayed Quote. Delayed  - 11/21 10:02:02 pm
16 USD   +0.38%
11/17 OMAM : Announces Closing of Secondary Offering
11/15 OMAM : Announces Pricing of Secondary Offering
11/14 OMAM : Announces Launch of Secondary Offering
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

OMAM : Announces Completion of Final Equity Purchase by HNA Capital US

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 10:56pm CET

OM Asset Management plc (NYSE: OMAM) announced the closing of the second tranche of the two-step sale of a minority interest in OMAM by Old Mutual plc to HNA Capital US. The second tranche consists of 15,960,553 OMAM shares at a price of $15.75 per share in cash. HNA Capital US and Old Mutual plc now own 24.95% and 5.51% of OMAM’s stock, respectively.

In connection with the closing of the second tranche, Ingrid Johnson has stepped down from the OMAM Board of Directors. HNA Capital US expects to designate a second director to OMAM’s Board of Directors in the future. Following the completion of the first tranche, Dr. Guang Yang, Chief Executive Officer of HNA Capital US, joined the OMAM Board of Directors on May 24, 2017.

Additional information regarding the transaction is available on OMAM's website at ir.omam.com.

About OMAM

OMAM is a global, multi-boutique asset management company with $235.9 billion of assets under management as of September 30, 2017.1 Its diverse Affiliates offer leading, alpha generating investment products to investors around the world. OMAM’s partnership approach, which includes equity ownership at the Affiliate level and a profit sharing relationship between OMAM and its Affiliates, aligns the interests of the Company and its Affiliates to work collaboratively in accelerating their growth. OMAM’s business model combines the investment talent, entrepreneurialism, focus and creativity of leading asset management boutiques with the resources and capabilities of a larger firm. For more information about OMAM, please visit the Company’s website at www.omam.com.

1 OMAM has executed a non-binding term sheet to sell its stake in Heitman LLC to Heitman’s management; therefore, AUM and flow data removes Heitman beginning in the third quarter of 2017. Under U.S. GAAP and ENI, financial results will continue to include Heitman until the transaction closes at year-end 2017 or early 2018.

OMAM- 201785.1


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on OM ASSET MANAGEMENT PLC
11/17 OM ASSET MANAGEMENT PLC : Entry into a Material Definitive Agreement, Change in ..
11/17 OMAM : Announces Closing of Secondary Offering
11/15 OMAM : Announces Pricing of Secondary Offering
11/14 OM ASSET MANAGEMENT PLC : Results of Operations and Financial Condition, Regulat..
11/14 ASSET MANAGER. Chunk of stake sold by Old Mutual
11/14 OMAM : Announces Launch of Secondary Offering
11/13 OM ASSET MANAGEMENT PLC : Change in Directors or Principal Officers, Regulation ..
11/13DJOLD MUTUAL : Sells 14.5% of OM Asset Management Stake for $251.4 Million
11/10 OMAM : Announces Completion of Final Equity Purchase by HNA Capital US
11/09 OM ASSET MANAGEMENT : Management's Discussion and Analysis of Financial Conditio..
More news
News from SeekingAlpha
11/02 OM Asset Management's (OMAM) CEO James Ritchie on Q3 2017 Results - Earnings ..
11/02 OM Asset Management 2017 Q3 - Results - Earnings Call Slides
11/02 OM Asset Management beats by $0.02, beats on revenue
11/01 Notable earnings before Thursday?s open
09/13 OM Asset Management goes ex-dividend tomorrow
Financials ($)
Sales 2017 885 M
EBIT 2017 264 M
Net income 2017 -
Debt 2017 274 M
Yield 2017 2,24%
P/E ratio 2017 9,99
P/E ratio 2018 9,37
EV / Sales 2017 2,29x
EV / Sales 2018 1,90x
Capitalization 1 749 M
Chart OM ASSET MANAGEMENT PLC
Duration : Period :
OM Asset Management PLC Technical Analysis Chart | OMAM | GB00BQVC8B38 | 4-Traders
Technical analysis trends OM ASSET MANAGEMENT PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 18,0 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
James Joseph Ritchie Chairman & Chief Executive Officer
Steve H. Belgrad Chief Financial Officer & Executive Vice President
Kyle Prechtl Legg Independent Director
John D. Rogers Independent Director
Robert J. Chersi Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
OM ASSET MANAGEMENT PLC9.79%1 749
T. ROWE PRICE GROUP INC27.53%23 334
LEGAL & GENERAL8.60%21 077
AMUNDI49.99%17 138
STANDARD LIFE ABERDEEN13.58%16 671
HARGREAVES LANSDOWN30.01%10 030