OM Asset Management PLC (OMAM) Receives $16.58 Average Price Target from Analysts
Shares of OM Asset Management PLC (NYSE:OMAM) have been given an average recommendation of “Hold” by the eight brokerages that are currently covering the company. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $15.90.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Credit Suisse Group AG reiterated a “buy” rating and set a $15.00 price objective on shares of OM Asset Management PLC in a research report on Monday, November 7th. Citigroup Inc. reiterated a “buy” rating on shares of OM Asset Management PLC in a research report on Tuesday, October 18th. Morgan Stanley set a $15.00 price objective on OM Asset Management PLC and gave the stock a “hold” rating in a research report on Friday, August 5th. Finally, Keefe, Bruyette & Woods set a $17.50 price objective on OM Asset Management PLC and gave the stock a “buy” rating in a research report on Friday, August 5th.
Several large investors have recently modified their holdings of OMAM. UBS Group AG boosted its stake in shares of OM Asset Management PLC by 2,550.9% in the first quarter. UBS Group AG now owns 95,089 shares of the company’s stock worth $1,270,000 after buying an additional 91,502 shares during the last quarter. Bogle Investment Management L P DE purchased a new stake in shares of OM Asset Management PLC during the first quarter worth $345,000. Springbok Capital Management LLC purchased a new stake in shares of OM Asset Management PLC during the first quarter worth $113,000. Smith Asset Management Group LP purchased a new stake in shares of OM Asset Management PLC during the second quarter worth $1,510,000. 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 worth $680,000 after buying an additional 2,700 shares during the last quarter. 32.60% of the stock is owned by institutional investors and hedge funds.
OM Asset Management PLC (NYSE:OMAM) opened at 13.90 on Tuesday. OM Asset Management PLC has a 52-week low of $10.27 and a 52-week high of $16.48. The company has a market cap of $1.66 billion, a P/E ratio of 12.12 and a beta of 1.82. The stock’s 50 day moving average price is $13.71 and its 200-day moving average price is $13.79.
OM Asset Management PLC (NYSE:OMAM) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. OM Asset Management PLC had a return on equity of 76.82% and a net margin of 21.55%. The firm had revenue of $175.80 million for the quarter, compared to the consensus estimate of $184.40 million. During the same quarter last year, the business posted $0.31 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict that OM Asset Management PLC will post $1.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.32 dividend on an annualized basis and a yield of 2.30%. OM Asset Management PLC’s dividend payout ratio is currently 27.83%.
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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