Edition:
United States

OM Asset Management PLC (OMAM.N)

OMAM.N on New York Stock Exchange

15.78USD
16 Feb 2018
Change (% chg)

$0.08 (+0.51%)
Prev Close
$15.70
Open
$15.68
Day's High
$15.93
Day's Low
$15.64
Volume
171,791
Avg. Vol
145,746
52-wk High
$18.60
52-wk Low
$13.20

Latest Key Developments (Source: Significant Developments)

OMAM Qtrly Loss Per Share $0.45
Thursday, 1 Feb 2018 07:55am EST 

Feb 1 (Reuters) - Om Asset Management Plc ::OMAM REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2017.QTRLY LOSS PER SHARE $0.45.QTRLY ECONOMIC EARNINGS PER SHARE $0.44.OM ASSET MANAGEMENT - AT DEC 31, 2017, TOTAL AUM WERE $243.0 BILLION, UP $7.1 BILLION, OR 3.0%, COMPARED TO $235.9 BILLION AT SEPT 30, 2017.Q4 EARNINGS PER SHARE VIEW $0.41 -- THOMSON REUTERS I/B/E/S.QTRLY REVENUE $249.2 MILLION VERSUS $186.6 MILLION ‍​.OM ASSET MANAGEMENT - RECORDED ONE-TIME TAX CHARGE OF ABOUT $121 MILLION IN THREE AND TWELVE MONTHS ENDED DEC. 31.  Full Article

Heitman Says Redeemed OM Asset Management's Interest In Co For $110 Mln In Deal That Closed On Jan 5
Monday, 8 Jan 2018 08:30am EST 

Jan 8 (Reuters) - Heitman Llc: :HEITMAN LLC SAYS REDEEMED OM ASSET MANAGEMENT'S INTEREST IN CO FOR $110 MILLION IN DEAL THAT CLOSED ON JAN 5; CO NOW 100 PERCENT OWNED BY ITS SENIOR OFFICERS​.  Full Article

OMAM PRICES OF SECONDARY OFFERING OF 6 MLN SHARES
Wednesday, 15 Nov 2017 09:14am EST 

Nov 15 (Reuters) - Om Asset Management Plc ::OMAM ANNOUNCES PRICING OF SECONDARY OFFERING.PRICING OF A PUBLIC OFFERING OF 6 MILLION OF ITS ORDINARY SHARES FOR AGGREGATE PROCEEDS OF APPROXIMATELY $94 MILLION​.‍ORDINARY SHARES ARE BEING OFFERED BY OLD MUTUAL PLC, THROUGH ITS WHOLLY OWNED SUBSIDIARY, OM GROUP (UK) LIMITED​.  Full Article

OM Asset Management Plc Q3 AUM of $235.9 billion
Thursday, 2 Nov 2017 08:06am EDT 

Nov 2 (Reuters) - OM Asset Management Plc :OM Asset Management Plc qtrly ‍shr $0.17​.Qtrly ‍economic net income EPS of $0.43 per share​.AUM of $235.9 billion at Sept 30, 2017 (reflecting removal of $32 billion of Heitman AUM in Q3'17), a decrease of 8.8% from June 30, 2017​.Q3 earnings per share view $0.41 -- Thomson Reuters I/B/E/S.Qtrly total revenue $223.2 million versus $170.8 million ‍​.Q3 revenue view $220.9 million -- Thomson Reuters I/B/E/S.  Full Article

OMAM Q2 economic net income EPS of $0.42
Thursday, 3 Aug 2017 07:40am EDT 

Aug 3 (Reuters) - OM Asset Management Plc :OMAM reports financial and operating results for the second quarter ended June 30, 2017.OM Asset Management Plc qtrly ‍U.S. GAAP EPS of $0.11 per share​.Qtrly economic net income EPS of $0.42 per share.OM Asset Management Plc - ‍aum of $258.8 billion at June 30, 2017, an increase of 3.6% from March 31, 2017 and 18.3% from June 30, 2016​.OM Asset Management Plc - ‍executed non-binding term sheet on Wednesday reflecting agreement to sell interest in Heitman Llc for $110 million in cash​.OM Asset Management Plc qtrly ‍U.S. GAAP basis revenue $218.8 million, up 39.8 percent​.OM Asset Management Plc qtrly ‍ENI revenue $221.4 million versus $160.0 million​.  Full Article

Peter Bain steps down as CEO of Old Mutual U.S. fund arm
Friday, 30 Jun 2017 02:01am EDT 

June 30 (Reuters) - Old Mutual Plc :Old mutual plc - effective june 30, 2017, peter bain is stepping down from his roles as president, chief executive officer and director.Old mutual plc - james ritchie, chairman of omam board, to serve as executive chairman, interim ceo while board conducts search for company's next ceo.  Full Article

OMAM announces CEO succession process
Thursday, 29 Jun 2017 04:07pm EDT 

June 29 (Reuters) - OM Asset Management Plc ::OMAM announces CEO succession process.OM Asset Management Plc - ‍peter Bain is stepping down from his roles as president, chief executive officer and director​.OM Asset Management-‍james J. Ritchie to serve as executive chairman and interim CEO while board conducts a thorough search for company's next CEO.  Full Article

Old Mutual Asset Management prices offering at $14.55 per share
Tuesday, 16 May 2017 02:20am EDT 

May 16 (Reuters) - Old Mutual Plc , :Om asset management plc ("omam") announced today pricing of a public offering of 17.3 million of its ordinary shares at a public offering price of $14.55 per share.Public offering is expected to close on 19 may 2017.Ordinary shares are being offered by old mutual plc, through its wholly owned subsidiary, om group (uk) limited.Underwriters also have a 30- day option to purchase up to an additional 2.595 million ordinary shares at public offering price, less underwriting discount.Omam will not sell any shares in offering and will not receive any proceeds from sale of shares.  Full Article

Old Mutual says OM Asset Management launches secondary share offering
Tuesday, 16 May 2017 02:00am EDT 

May 16 (Reuters) - Old Mutual Plc ::OMAM announces launch of secondary offering and entry into private repurchase agreement .OM Asset Management Plc has launched a public offering of 17.3 million of its ordinary shares.Ordinary shares are being offered by Old Mutual, through its wholly owned subsidiary, OM Group (UK) Ltd.Underwriters also have a 30-day option to purchase up to an additional 2.595 million ordinary shares at price set forth.Morgan Stanley & Co LLC is acting as sole book running manager for offering.  Full Article

Old Mutual Asset Management launches offering of 17.3 mln shares
Tuesday, 16 May 2017 02:00am EDT 

May 16 (Reuters) - Old Mutual Plc , :Omam announces launch of secondary offering.Old mutual plc ("old mutual") today announces that om asset management plc ("omam") has launched a public offering of 17.3 million of its ordinary shares.Ordinary shares are being offered by old mutual, through its wholly owned subsidiary, om group (uk) limited.Underwriters also have a 30-day option to purchase up to an additional 2.595 million ordinary shares at price set forth in prospectus supplement.In addition, on 14 may 2017, omam entered into a repurchase agreement with old mutual plc and om group (uk) limited pursuant to which omam agreed to repurchase 5 million ordinary shares directly from om group (uk) limited.  Full Article

BRIEF-OMAM Qtrly Loss Per Share $0.45

* OMAM REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2017