OM Asset Management (OMAM) Tops Q4 EPS by 1c
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OMAM Reports Financial and Operating Results for the Fourth Quarter and Year Ended December 31, 2016
February 2, 2017 6:47 AM ESTU.S. GAAP earnings of $25.3 million ($0.21 per share) for the quarter, down (31.4)% compared to the 2015 period, and $126.4 million ($1.05 per share) for the year, down (18.7)% compared to the 2015 period Economic net income of $38.9 million ($0.33 per share) for the quarter, up 6.6% compared to the 2015 period, and $145.1 million ($1.21 per share) for the year, down (3.1)% compared to the 2015 period (excluding the non-recurring performance fee) AUM of $240.4 billion at December 31, 2016, up 13.2% from December 31, 2015 Net client cash flows ("NCCF") for the quarter of $1.5 billion with an annualized revenue impact of... More
