Somewhat Positive News Coverage Somewhat Unlikely to Impact OM Asset Management (NYSE:OMAM) Share Price

Headlines about OM Asset Management (NYSE:OMAM) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. OM Asset Management earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 44.9761916065275 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have effected Accern’s scoring:

A number of research firms have recently weighed in on OMAM. Keefe, Bruyette & Woods restated a “buy” rating and set a $22.00 target price on shares of OM Asset Management in a research report on Tuesday. Zacks Investment Research upgraded OM Asset Management from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Thursday, January 4th. Royal Bank of Canada set a $20.00 target price on OM Asset Management and gave the stock a “buy” rating in a research report on Saturday, December 16th. Citigroup boosted their target price on OM Asset Management from $18.50 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, TheStreet upgraded OM Asset Management from a “d” rating to a “c” rating in a research report on Monday, October 9th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. OM Asset Management has a consensus rating of “Buy” and an average target price of $19.50.

Shares of OM Asset Management (OMAM) opened at $17.49 on Thursday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 1.65 and a current ratio of 1.65. OM Asset Management has a 52 week low of $13.20 and a 52 week high of $17.95. The company has a market capitalization of $1,940.00, a price-to-earnings ratio of 27.33, a P/E/G ratio of 0.71 and a beta of 1.76.

OM Asset Management (NYSE:OMAM) last announced its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. OM Asset Management had a return on equity of 114.45% and a net margin of 9.49%. The business had revenue of $228.20 million during the quarter, compared to analysts’ expectations of $220.50 million. During the same period in the previous year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. analysts anticipate that OM Asset Management will post 1.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.06%. OM Asset Management’s dividend payout ratio (DPR) is presently 56.25%.

In related news, CAO Daniel K. Mahoney sold 2,000 shares of OM Asset Management stock in a transaction on Friday, November 17th. The stock was sold at an average price of $15.94, for a total transaction of $31,880.00. Following the completion of the sale, the chief accounting officer now directly owns 7,493 shares of the company’s stock, valued at $119,438.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James Joseph Ritchie sold 7,900 shares of OM Asset Management stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.12, for a total value of $127,348.00. Following the sale, the director now directly owns 18,372 shares of the company’s stock, valued at $296,156.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,257 shares of company stock valued at $922,264. 1.48% of the stock is owned by insiders.

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About OM Asset Management

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.

Insider Buying and Selling by Quarter for OM Asset Management (NYSE:OMAM)

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