Zacks Investment Research downgraded shares of OM Asset Management PLC (NYSE:OMAM) from a strong-buy rating to a hold rating in a research report released on Thursday morning.

According to Zacks, “OM Asset Management plc operates as a multi-boutique asset management company. It provides its services to individuals and institutions. The Company offers products in domestic and international equities, fixed income, and alternative investments, such as timber and real estate. OM Asset Management plc is based Boston, Massachusetts. “

Several other brokerages also recently commented on OMAM. Citigroup Inc. restated a buy rating and issued a $20.00 price objective (up from $18.00) on shares of OM Asset Management PLC in a research report on Wednesday, June 15th. Credit Suisse Group AG reaffirmed a buy rating on shares of OM Asset Management PLC in a report on Wednesday, August 31st. Morgan Stanley set a $15.00 target price on OM Asset Management PLC and gave the stock a hold rating in a report on Friday, August 5th. TheStreet raised OM Asset Management PLC from a sell rating to a hold rating in a report on Thursday, June 16th. Finally, Keefe, Bruyette & Woods set a $17.50 target price on OM Asset Management PLC and gave the stock a buy rating in a report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $17.21.

Analyst Recommendations for OM Asset Management PLC (NYSE:OMAM)

OM Asset Management PLC (NYSE:OMAM) traded down 0.743% during midday trading on Thursday, reaching $14.035. The company’s stock had a trading volume of 9,313 shares. OM Asset Management PLC has a 12-month low of $10.27 and a 12-month high of $17.04. The company’s 50-day moving average is $13.49 and its 200 day moving average is $13.70. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 12.162 and a beta of 1.86.

OM Asset Management PLC (NYSE:OMAM) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $156.50 million for the quarter, compared to the consensus estimate of $162.22 million. During the same period in the previous year, the business earned $0.32 earnings per share. The business’s revenue was down 26.7% on a year-over-year basis. Equities analysts forecast that OM Asset Management PLC will post $1.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were paid 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 yield of 2.26%. OM Asset Management PLC’s payout ratio is currently 27.59%.

A number of large investors have recently modified their holdings of the company. Blair William & Co. IL boosted its stake in shares of OM Asset Management PLC by 0.8% in the second quarter. Blair William & Co. IL now owns 24,667 shares of the company’s stock valued at $329,000 after buying an additional 200 shares during the last quarter. TFS Capital LLC boosted its stake in shares of OM Asset Management PLC by 1.5% in the second quarter. TFS Capital LLC now owns 92,878 shares of the company’s stock valued at $1,240,000 after buying an additional 1,395 shares during the last quarter. Swiss National Bank boosted its stake in shares of OM Asset Management PLC by 2.1% in the second quarter. Swiss National Bank now owns 66,760 shares of the company’s stock valued at $891,000 after buying an additional 1,400 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of OM Asset Management PLC by 13.7% in the second quarter. Parametric Portfolio Associates LLC now owns 12,217 shares of the company’s stock valued at $163,000 after buying an additional 1,471 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of OM Asset Management PLC by 5.6% in the second quarter. Strs Ohio now owns 51,000 shares of the company’s stock valued at $680,000 after buying an additional 2,700 shares during the last quarter. 32.60% of the stock is currently owned by institutional investors.

OM Asset Management PLC Company Profile

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.

5 Day Chart for NYSE:OMAM

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