OM Asset Management PLC (NYSE:OMAM) has been given an average rating of “Buy” by the eleven brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.43.
A number of analysts have recently commented on the company. Sandler O’Neill set a $19.00 price objective on OM Asset Management and gave the stock a “hold” rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $22.00 price target on shares of OM Asset Management in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Thursday, January 4th. Royal Bank of Canada set a $20.00 price target on shares of OM Asset Management and gave the stock a “buy” rating in a research report on Saturday, December 16th. Finally, Citigroup upped their price target on shares of OM Asset Management from $18.50 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd.
In other news, EVP Aidan J. Riordan sold 5,203 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $15.45, for a total value of $80,386.35. Following the sale, the executive vice president now owns 122,091 shares in the company, valued at approximately $1,886,305.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Linda T. Gibson sold 46,357 shares of the company’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 completion of the sale, the executive vice president now owns 146,193 shares in the company, valued at approximately $2,406,336.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,652 shares of company stock valued at $1,098,330. 1.48% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in OMAM. BlackRock Inc. increased its stake in shares of OM Asset Management by 3.3% in the fourth quarter. BlackRock Inc. now owns 4,605,885 shares of the asset manager’s stock valued at $77,149,000 after purchasing an additional 147,066 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of OM Asset Management by 1.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,139,008 shares of the asset manager’s stock valued at $52,579,000 after purchasing an additional 36,592 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of OM Asset Management by 2.1% in the third quarter. Deprince Race & Zollo Inc. now owns 2,194,088 shares of the asset manager’s stock valued at $32,736,000 after purchasing an additional 45,490 shares during the period. Citadel Advisors LLC increased its stake in shares of OM Asset Management by 8.9% in the third quarter. Citadel Advisors LLC now owns 1,881,439 shares of the asset manager’s stock valued at $28,071,000 after purchasing an additional 154,519 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of OM Asset Management by 93.1% in the fourth quarter. Jennison Associates LLC now owns 1,746,035 shares of the asset manager’s stock valued at $29,246,000 after purchasing an additional 841,789 shares during the period. Hedge funds and other institutional investors own 66.32% of the company’s stock.
Shares of OM Asset Management (NYSE:OMAM) traded up $0.24 on Friday, reaching $16.01. The company’s stock had a trading volume of 832,925 shares, compared to its average volume of 828,501. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market cap of $1,701.76, a P/E ratio of 800.50, a PEG ratio of 0.54 and a beta of 1.72. OM Asset Management has a 52 week low of $13.20 and a 52 week high of $18.62.
OM Asset Management (NYSE:OMAM) last released its quarterly earnings data on Thursday, February 1st. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $252.30 million during the quarter, compared to the consensus estimate of $240.25 million. OM Asset Management had a return on equity of 125.33% and a net margin of 0.47%. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. research analysts anticipate that OM Asset Management will post 1.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a $0.09 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a yield of 2.25%. OM Asset Management’s payout ratio is currently 1,800.00%.
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OM Asset Management 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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