TheStreet downgraded shares of OM Asset Management PLC (NYSE:OMAM) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Other equities analysts also recently issued reports about the stock. Credit Suisse Group AG reaffirmed a buy rating and issued a $15.00 target price on shares of OM Asset Management PLC in a research note on Monday, November 7th. Citigroup Inc. reissued a buy rating on shares of OM Asset Management PLC in a research note on Tuesday, October 18th. Zacks Investment Research raised shares of OM Asset Management PLC from a hold rating to a buy rating and set a $15.00 price target for the company in a research note on Tuesday, August 9th. Keefe, Bruyette & Woods set a $17.50 price target on shares of OM Asset Management PLC and gave the stock a buy rating in a research note on Friday, August 5th. Finally, Morgan Stanley set a $15.00 price target on shares of OM Asset Management PLC and gave the stock a hold rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. OM Asset Management PLC has a consensus rating of Hold and an average target price of $16.50.

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

OM Asset Management PLC (NYSE:OMAM) traded up 0.54% during midday trading on Friday, reaching $14.81. 431,245 shares of the company’s stock were exchanged. OM Asset Management PLC has a 1-year low of $10.27 and a 1-year high of $16.48. The firm’s 50-day moving average is $13.87 and its 200 day moving average is $13.83. The stock has a market cap of $1.78 billion, a P/E ratio of 12.92 and a beta of 1.82.

OM Asset Management PLC (NYSE:OMAM) last announced its earnings results on Wednesday, November 2nd. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. OM Asset Management PLC had a net margin of 21.55% and a return on equity of 76.82%. The company earned $175.80 million during the quarter, compared to the consensus estimate of $184.40 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Equities analysts anticipate that OM Asset Management PLC will post $1.20 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Wednesday, December 14th. OM Asset Management PLC’s dividend payout ratio (DPR) is presently 27.83%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC boosted its position in OM Asset Management PLC by 1.7% in the second quarter. William Blair Investment Management LLC now owns 3,536,361 shares of the company’s stock valued at $47,210,000 after buying an additional 60,316 shares during the period. Neuberger Berman Group LLC boosted its position in OM Asset Management PLC by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 1,189,603 shares of the company’s stock valued at $15,881,000 after buying an additional 4,800 shares during the period. Airain ltd bought a new position in OM Asset Management PLC during the second quarter valued at $241,000. GSA Capital Partners LLP boosted its position in shares of OM Asset Management PLC by 317.2% in the second quarter. GSA Capital Partners LLP now owns 198,838 shares of the company’s stock valued at $2,654,000 after buying an additional 151,181 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in shares of OM Asset Management PLC during the second quarter valued at approximately $4,644,000. Institutional investors own 33.45% of the company’s stock.

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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