OM Asset Management PLC (NYSE:OMAM) has been given an average rating of “Buy” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $19.43.
A number of equities analysts have recently issued reports on OMAM shares. ValuEngine downgraded shares of OM Asset Management from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. BidaskClub upgraded shares of OM Asset Management from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 26th. Zacks Investment Research downgraded shares of OM Asset Management from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. TheStreet upgraded shares of OM Asset Management from a “d” rating to a “c” rating in a report on Monday, October 9th. Finally, Royal Bank of Canada set a $18.00 price target on shares of OM Asset Management and gave the company a “buy” rating in a report on Wednesday, October 18th.
In other OM Asset Management news, CAO Daniel K. Mahoney sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $15.94, for a total transaction of $31,880.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,493 shares in the company, valued at approximately $119,438.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Linda T. Gibson sold 46,357 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $16.46, for a total transaction of $763,036.22. Following the transaction, the executive vice president now owns 146,193 shares of the company’s stock, valued at $2,406,336.78. The disclosure for this sale can be found here. Insiders have sold a total of 56,257 shares of company stock valued at $922,264 over the last 90 days. 1.48% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in shares of OM Asset Management by 13.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,899,248 shares of the asset manager’s stock worth $43,083,000 after purchasing an additional 346,124 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of OM Asset Management by 127.4% during the 2nd quarter. Voya Investment Management LLC now owns 2,774,790 shares of the asset manager’s stock worth $41,233,000 after purchasing an additional 1,554,720 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of OM Asset Management by 2.1% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 2,194,088 shares of the asset manager’s stock worth $32,736,000 after purchasing an additional 45,490 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of OM Asset Management by 8.9% during the 3rd quarter. Citadel Advisors LLC now owns 1,881,439 shares of the asset manager’s stock worth $28,071,000 after purchasing an additional 154,519 shares during the last quarter. Finally, Sirios Capital Management L P boosted its stake in shares of OM Asset Management by 8.6% during the 3rd quarter. Sirios Capital Management L P now owns 1,733,176 shares of the asset manager’s stock worth $25,859,000 after purchasing an additional 137,779 shares during the last quarter. 64.94% of the stock is currently owned by institutional investors.
Shares of OM Asset Management (NYSE:OMAM) traded down $0.13 during trading on Monday, reaching $18.18. 272,988 shares of the company’s stock were exchanged, compared to its average volume of 546,892. The company has a debt-to-equity ratio of 3.23, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market cap of $2,010.00, a P/E ratio of 28.41, a P/E/G ratio of 0.64 and a beta of 1.76. OM Asset Management has a 52 week low of $13.20 and a 52 week high of $18.58.
OM Asset Management (NYSE:OMAM) last announced its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. The business had revenue of $228.20 million during the quarter, compared to the consensus estimate of $220.50 million. OM Asset Management had a net margin of 9.49% and a return on equity of 114.45%. The business’s revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 EPS. equities analysts anticipate that OM Asset Management will post 1.58 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.36 annualized dividend and a yield of 1.98%. OM Asset Management’s dividend payout ratio (DPR) is currently 56.25%.
ILLEGAL ACTIVITY NOTICE: This report was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/01/18/om-asset-management-plc-omam-receives-19-43-average-pt-from-analysts.html.
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.
Receive News & Ratings for OM Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OM Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.