Media headlines about OM Asset Management PLC (NYSE:OMAM) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. OM Asset Management PLC earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 45.418784717044 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of analysts have recently weighed in on OMAM shares. BidaskClub raised OM Asset Management PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Royal Bank Of Canada started coverage on OM Asset Management PLC in a research report on Thursday, June 29th. They set an “outperform” rating and a $18.00 price objective on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $17.50 price objective on shares of OM Asset Management PLC in a research report on Friday, August 4th. Zacks Investment Research lowered OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, ValuEngine lowered OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $17.70.
OM Asset Management PLC (NYSE:OMAM) traded up 1.95% during trading on Thursday, reaching $15.69. The company had a trading volume of 213,054 shares. The company has a market capitalization of $1.72 billion, a PE ratio of 19.84 and a beta of 1.74. The stock has a 50 day moving average price of $14.58 and a 200-day moving average price of $14.61. OM Asset Management PLC has a 52-week low of $12.10 and a 52-week high of $16.01.
OM Asset Management PLC (NYSE:OMAM) last announced its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. The business had revenue of $218.80 million for the quarter, compared to analyst estimates of $211.67 million. OM Asset Management PLC had a net margin of 6.22% and a return on equity of 34.62%. The firm’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, equities research analysts anticipate that OM Asset Management PLC will post $1.56 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, September 14th. OM Asset Management PLC’s dividend payout ratio is presently 45.57%.
In other OM Asset Management PLC news, CEO Peter L. Bain sold 98,145 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $13.63, for a total transaction of $1,337,716.35. Following the sale, the chief executive officer now directly owns 380,550 shares of the company’s stock, valued at $5,186,896.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Chersi purchased 7,500 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $13.48 per share, for a total transaction of $101,100.00. Following the completion of the transaction, the director now directly owns 12,971 shares of the company’s stock, valued at approximately $174,849.08. The disclosure for this purchase can be found here. In the last three months, insiders sold 720,602 shares of company stock worth $10,229,584. 1.48% of the stock is currently owned by insiders.
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OM Asset Management PLC Company Profile
OM Asset Management plc is a global, diversified, multi-boutique asset management company. As of December 31, 2016, the Company operated its business through its eight Affiliates, each of which operated autonomously and employed its own investment processes. Its Affiliates include Acadian Asset Management LLC; Barrow, Hanley, Mewhinney & Strauss, LLC; Campbell Global, LLC; Copper Rock Capital Partners LLC; Heitman LLC; Investment Counselors of Maryland, LLC; Landmark Partners, LLC, and Thompson, Siegel & Walmsley LLC.
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