OM Asset Management PLC (NYSE:OMAM) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday.

OMAM has been the topic of a number of other reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $17.50 target price on shares of OM Asset Management PLC in a research note on Tuesday, September 5th. Royal Bank Of Canada set a $18.00 target price on OM Asset Management PLC and gave the company a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Tuesday, June 27th. Wells Fargo & Company upgraded shares of OM Asset Management PLC from a “market perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Monday, June 5th. Finally, ValuEngine upgraded shares of OM Asset Management PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $17.50.

Shares of OM Asset Management PLC (NYSE OMAM) traded up 0.41% on Tuesday, reaching $14.52. 70,030 shares of the company traded hands. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 18.36 and a beta of 1.72. OM Asset Management PLC has a 1-year low of $12.10 and a 1-year high of $16.01. The company has a 50-day moving average of $13.79 and a 200-day moving average of $14.60.

OM Asset Management PLC (NYSE:OMAM) last posted its earnings results on Thursday, August 3rd. The asset manager reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $218.80 million for the quarter, compared to analysts’ expectations of $211.67 million. OM Asset Management PLC had a return on equity of 34.62% and a net margin of 6.22%. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. Analysts anticipate that OM Asset Management PLC will post $1.54 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “BidaskClub Upgrades OM Asset Management PLC (OMAM) to Sell” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/09/28/bidaskclub-upgrades-om-asset-management-plc-omam-to-sell.html.

In other OM Asset Management PLC news, Director Robert J. Chersi purchased 7,500 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $13.48 per share, for a total transaction of $101,100.00. Following the completion of the transaction, the director now owns 12,971 shares in the company, valued at $174,849.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter L. Bain sold 273,885 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 596,862 shares in the company, valued at $8,481,409.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 720,602 shares of company stock worth $10,229,584. 1.48% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in OM Asset Management PLC by 1.0% in the first quarter. Bank of America Corp DE now owns 139,704 shares of the asset manager’s stock worth $2,112,000 after acquiring an additional 1,362 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in OM Asset Management PLC by 22.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock worth $119,000 after acquiring an additional 1,488 shares in the last quarter. American International Group Inc. raised its position in OM Asset Management PLC by 7.1% in the first quarter. American International Group Inc. now owns 24,712 shares of the asset manager’s stock worth $374,000 after acquiring an additional 1,637 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in OM Asset Management PLC by 5.7% in the second quarter. Parametric Portfolio Associates LLC now owns 37,032 shares of the asset manager’s stock worth $550,000 after acquiring an additional 1,981 shares in the last quarter. Finally, Legal & General Group Plc raised its position in OM Asset Management PLC by 19.2% in the second quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock worth $244,000 after acquiring an additional 2,638 shares in the last quarter. Hedge funds and other institutional investors own 66.02% of the company’s stock.

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.

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

Receive News & Stock Ratings for OM Asset Management PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OM Asset Management PLC and related stocks with our FREE daily email newsletter.