OM Asset Management PLC (OMAM) Receiving Somewhat Positive Press Coverage, Accern Reports
News articles about OM Asset Management PLC (NYSE:OMAM) have trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. OM Asset Management PLC earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 43.3453872465817 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Analyzing Cohen & Steers (CNS) and OM Asset Management PLC (OMAM) (americanbankingnews.com)
- OM Asset Management plc Ordinar (NYSE:OMAM) Sees Heavy Trading Volume with 600K Shares Changing Hands (highlightpress.com)
- OM Asset Management PLC (NYSE:OMAM) CEO Sells $1,297,520.32 in Stock (americanbankingnews.com)
- Insider Selling: OM Asset Management PLC (NYSE:OMAM) CEO Sells 111,612 Shares of Stock (americanbankingnews.com)
- OM Asset Management PLC (NYSE:OMAM) CEO Sells $3,891,905.85 in Stock (americanbankingnews.com)
OM Asset Management PLC (OMAM) traded up 1.10% during mid-day trading on Friday, reaching $13.80. The company’s stock had a trading volume of 1,237,795 shares. OM Asset Management PLC has a 52 week low of $12.10 and a 52 week high of $16.01. The firm’s 50 day moving average price is $14.86 and its 200 day moving average price is $14.82. The firm has a market capitalization of $1.54 billion, a P/E ratio of 17.36 and a beta of 1.71.
OM Asset Management PLC (NYSE:OMAM) last posted its earnings results on Thursday, August 3rd. The asset manager reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. OM Asset Management PLC had a return on equity of 86.89% and a net margin of 12.12%. The firm had revenue of $218.80 million for the quarter, compared to analysts’ expectations of $211.67 million. During the same period last year, the firm earned $0.30 EPS. The firm’s revenue was up 39.8% compared to the same quarter last year. On average, analysts anticipate that OM Asset Management PLC will post $1.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, September 14th. OM Asset Management PLC’s payout ratio is currently 45.57%.
OM Asset Management PLC declared that its Board of Directors has initiated a share repurchase plan on Monday, May 15th that permits the company to buyback 5,000,000 shares. This buyback authorization permits the asset manager to purchase shares of its stock through a private placement purchase. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
A number of analysts recently weighed in on the company. Royal Bank Of Canada assumed coverage on OM Asset Management PLC in a research note on Thursday, June 29th. They issued an “outperform” rating and a $18.00 price target on the stock. BidaskClub downgraded OM Asset Management PLC from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $17.50 price target on shares of OM Asset Management PLC in a research note on Friday, August 4th. Zacks Investment Research downgraded OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, ValuEngine downgraded OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.50.
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In other OM Asset Management PLC news, CEO Peter L. Bain sold 273,885 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $14.21, for a total transaction of $3,891,905.85. Following the completion of the transaction, the chief executive officer now directly owns 596,862 shares of the company’s stock, valued at approximately $8,481,409.02. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Group (Uk) Ltd Om sold 22,300,000 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $14.55, for a total value of $324,465,000.00. Following the transaction, the insider now directly owns 29,596,183 shares of the company’s stock, valued at $430,624,462.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,517,457 shares of company stock valued at $371,114,118. 1.48% of the stock is currently owned by corporate insiders.
OM Asset Management PLC 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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