Brokerages Set OM Asset Management PLC (OMAM) Target Price at $17.88
Shares of OM Asset Management PLC (NYSE:OMAM) have been given an average recommendation of “Buy” by the ten ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.70.
Several research analysts have issued reports on the stock. TheStreet upgraded shares of OM Asset Management PLC from a “d” rating to a “c” rating in a report on Monday. Zacks Investment Research upgraded shares of OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday. Royal Bank Of Canada initiated coverage on shares of OM Asset Management PLC in a report on Thursday, June 29th. They set an “outperform” rating and a $18.00 price target for the company. BidaskClub upgraded shares of OM Asset Management PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. 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.
TRADEMARK VIOLATION NOTICE: “Brokerages Set OM Asset Management PLC (OMAM) Target Price at $17.88” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/12/brokerages-set-om-asset-management-plc-omam-target-price-at-17-88.html.
In other OM Asset Management PLC news, CEO Peter L. Bain sold 273,885 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were 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 approximately $8,481,409.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Chersi purchased 7,500 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average price of $13.48 per share, with a total value of $101,100.00. Following the purchase, the director now directly owns 12,971 shares in the company, valued at approximately $174,849.08. The disclosure for this purchase can be found here. Insiders sold a total of 720,602 shares of company stock valued at $10,229,584 in the last quarter. 1.48% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC increased its stake in OM Asset Management PLC by 20.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,956,298 shares of the asset manager’s stock valued at $43,931,000 after purchasing an additional 502,805 shares in the last quarter. Prudential Financial Inc. increased its stake in OM Asset Management PLC by 700.9% during the 1st quarter. Prudential Financial Inc. now owns 345,200 shares of the asset manager’s stock valued at $5,219,000 after purchasing an additional 302,100 shares in the last quarter. UBS Group AG increased its stake in OM Asset Management PLC by 40.9% during the 1st quarter. UBS Group AG now owns 81,225 shares of the asset manager’s stock valued at $1,228,000 after purchasing an additional 23,561 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in OM Asset Management PLC during the 2nd quarter valued at $5,431,000. Finally, American International Group Inc. increased its stake in OM Asset Management PLC by 7.1% during the 1st quarter. American International Group Inc. now owns 24,712 shares of the asset manager’s stock valued at $374,000 after purchasing an additional 1,637 shares in the last quarter. Institutional investors and hedge funds own 66.02% of the company’s stock.
Shares of OM Asset Management PLC (NYSE:OMAM) traded up 0.98% during midday trading on Friday, reaching $15.41. 313,821 shares of the company’s stock traded hands. The stock has a market cap of $1.69 billion, a P/E ratio of 19.48 and a beta of 1.74. The stock has a 50-day moving average price of $14.16 and a 200-day moving average price of $14.59. 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 released its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. OM Asset Management PLC had a net margin of 12.12% and a return on equity of 95.51%. The firm had revenue of $218.80 million during the quarter, compared to analyst estimates of $211.67 million. During the same quarter last year, the business earned $0.30 EPS. The company’s revenue was up 39.8% compared to the same quarter last year. Analysts forecast that OM Asset Management PLC will post $1.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.09 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.34%. OM Asset Management PLC’s dividend payout ratio is currently 45.57%.
About OM Asset Management PLC
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.
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.