OM Asset Management PLC (NYSE:OMAM) Receives $16.90 Consensus Target Price from Analysts
OM Asset Management PLC (NYSE:OMAM) has received a consensus rating of “Buy” from the nine brokerages that are presently covering the company. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.90.
Several analysts recently issued reports on OMAM shares. TheStreet upgraded OM Asset Management PLC from a “sell” rating to a “hold” rating in a report on Thursday, June 16th. Credit Suisse Group AG restated a “buy” rating on shares of OM Asset Management PLC in a research note on Wednesday, August 31st. Morgan Stanley restated a “hold” rating on shares of OM Asset Management PLC in a research note on Wednesday, June 15th. Zacks Investment Research downgraded OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Citigroup Inc. restated a “buy” rating on shares of OM Asset Management PLC in a research note on Saturday, July 2nd.
Several institutional investors have recently modified their holdings of OMAM. Springbok Capital Management LLC acquired a new position in shares of OM Asset Management PLC during the first quarter worth about $113,000. Royal Bank of Canada acquired a new position in shares of OM Asset Management PLC during the second quarter worth about $124,000. Walleye Trading LLC acquired a new position in shares of OM Asset Management PLC during the second quarter worth about $132,000. Globeflex Capital L P acquired a new position in shares of OM Asset Management PLC during the second quarter worth about $134,000. Finally, Acrospire Investment Management LLC boosted its position in shares of OM Asset Management PLC by 461.5% in the second quarter. Acrospire Investment Management LLC now owns 11,680 shares of the company’s stock worth $156,000 after buying an additional 9,600 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors and hedge funds.
OM Asset Management PLC (NYSE:OMAM) opened at 14.14 on Tuesday. The firm has a market cap of $1.70 billion, a PE ratio of 12.25 and a beta of 1.86. OM Asset Management PLC has a 12 month low of $10.27 and a 12 month high of $17.04. The company has a 50-day moving average price of $13.49 and a 200 day moving average price of $13.70.
OM Asset Management PLC (NYSE:OMAM) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. OM Asset Management PLC had a return on equity of 87.34% and a net margin of 22.02%. The firm earned $156.50 million during the quarter, compared to the consensus estimate of $162.22 million. During the same period in the prior year, the firm earned $0.32 EPS. The firm’s quarterly revenue was down 26.7% compared to the same quarter last year. Equities research analysts anticipate that OM Asset Management PLC will post $1.21 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.32 annualized dividend and a dividend yield of 2.26%. OM Asset Management PLC’s payout ratio is 27.59%.
About OM Asset Management PLC
OM Asset Management plc is a multi-boutique asset management company. The Company operates its business through its approximately seven affiliate firms (Affiliates). The Company is an indirect subsidiary of Old Mutual plc, which is an investment, savings, insurance and banking group. The Company’s Affiliates include Acadian Asset Management LLC (Acadian), Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow Hanley), Campbell Global, LLC (Campbell Global), Copper Rock Capital Partners LLC, Heitman LLC, Investment Counselors of Maryland, LLC and Thompson, Siegel & Walmsley LLC.
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