BidaskClub upgraded shares of OM Asset Management PLC (NYSE:OMAM) from a sell rating to a hold rating in a research report released on Thursday morning.

Several other analysts have also commented on OMAM. ValuEngine raised OM Asset Management PLC from a hold rating to a buy rating in a report on Monday, October 2nd. Zacks Investment Research lowered OM Asset Management PLC from a hold rating to a sell rating in a report on Wednesday. Royal Bank Of Canada set a $18.00 price objective on OM Asset Management PLC and gave the stock a buy rating in a report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $17.50 price objective on shares of OM Asset Management PLC in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. OM Asset Management PLC presently has a consensus rating of Buy and a consensus price target of $17.88.

Shares of OM Asset Management PLC (NYSE:OMAM) traded down 0.20% on Thursday, reaching $15.00. The company’s stock had a trading volume of 232,015 shares. The stock has a 50-day moving average of $13.95 and a 200 day moving average of $14.56. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 18.96 and a beta of 1.74. OM Asset Management PLC has a 52-week low of $12.10 and a 52-week high of $16.01.

OM Asset Management PLC (NYSE:OMAM) last issued its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. OM Asset Management PLC had a return on equity of 95.51% and a net margin of 12.12%. The company had revenue of $218.80 million during the quarter, compared to analyst estimates of $211.67 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. OM Asset Management PLC’s revenue was up 39.8% compared to the same quarter last year. On average, equities research analysts forecast that OM Asset Management PLC will post $1.55 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/10/08/om-asset-management-plc-omam-raised-to-hold-at-bidaskclub.html.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.40%. OM Asset Management PLC’s payout ratio is 45.57%.

In other news, CEO Peter L. Bain sold 145,842 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $14.42, for a total value of $2,103,041.64. Following the transaction, the chief executive officer now directly owns 778,474 shares in the company, valued at $11,225,595.08. The sale 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 shares were sold at an average price of $14.21, for a total value of $3,891,905.85. Following the completion of the transaction, 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. Insiders sold 720,602 shares of company stock worth $10,229,584 over the last 90 days. Company insiders own 1.48% of the company’s stock.

Several institutional investors have recently made changes to their positions in OMAM. Bank of New York Mellon Corp lifted its position in shares of OM Asset Management PLC by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 195,647 shares of the asset manager’s stock valued at $2,959,000 after acquiring an additional 9,618 shares in the last quarter. Sei Investments Co. lifted its position in shares of OM Asset Management PLC by 7.3% in the first quarter. Sei Investments Co. now owns 83,032 shares of the asset manager’s stock valued at $1,256,000 after acquiring an additional 5,639 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of OM Asset Management PLC by 10.0% in the first quarter. Ameriprise Financial Inc. now owns 251,090 shares of the asset manager’s stock valued at $3,797,000 after acquiring an additional 22,757 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of OM Asset Management PLC by 154.6% in the first quarter. Parametric Portfolio Associates LLC now owns 35,051 shares of the asset manager’s stock valued at $530,000 after acquiring an additional 21,285 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of OM Asset Management PLC by 298.7% in the first quarter. JPMorgan Chase & Co. now owns 502,722 shares of the asset manager’s stock valued at $7,601,000 after acquiring an additional 376,637 shares in the last quarter. Institutional investors and hedge funds 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.