OM Asset Management (NYSE:OMAM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a report released on Tuesday. They currently have a $22.00 price target on the asset manager’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 23.32% from the company’s previous close.

A number of other research firms also recently weighed in on OMAM. Zacks Investment Research raised shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Thursday, January 4th. Royal Bank of Canada set a $20.00 target price on shares of OM Asset Management and gave the stock a “buy” rating in a research report on Saturday, December 16th. Citigroup upped their target price on shares of OM Asset Management from $18.50 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. TheStreet raised shares of OM Asset Management from a “d” rating to a “c” rating in a research report on Monday, October 9th. Finally, BidaskClub raised shares of OM Asset Management from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. OM Asset Management has an average rating of “Buy” and an average price target of $19.43.

OM Asset Management (OMAM) traded up $0.35 during trading hours on Tuesday, hitting $17.84. 539,144 shares of the stock were exchanged, compared to its average volume of 552,478. The stock has a market cap of $1,960.00, a P/E ratio of 27.88, a PEG ratio of 0.71 and a beta of 1.76. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.23. OM Asset Management has a 12-month low of $13.20 and a 12-month high of $17.95.

OM Asset Management (NYSE:OMAM) last released its earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The firm had revenue of $228.20 million for the quarter, compared to the consensus estimate of $220.50 million. OM Asset Management had a net margin of 9.49% and a return on equity of 114.45%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. analysts expect that OM Asset Management will post 1.58 EPS for the current fiscal year.

In related news, CAO Daniel K. Mahoney sold 2,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $15.94, for a total value of $31,880.00. Following the transaction, the chief accounting officer now owns 7,493 shares in the company, valued at approximately $119,438.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Joseph Ritchie sold 7,900 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $16.12, for a total transaction of $127,348.00. Following the completion of the transaction, the director now owns 18,372 shares in the company, valued at approximately $296,156.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,257 shares of company stock worth $922,264. 1.48% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its stake in OM Asset Management by 22.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock worth $119,000 after purchasing an additional 1,488 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in OM Asset Management by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,032 shares of the asset manager’s stock valued at $550,000 after acquiring an additional 1,981 shares during the period. Legal & General Group Plc lifted its stake in OM Asset Management by 19.2% during the 2nd quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock valued at $244,000 after acquiring an additional 2,638 shares during the period. Wells Fargo & Company MN lifted its stake in OM Asset Management by 0.8% during the 2nd quarter. Wells Fargo & Company MN now owns 838,114 shares of the asset manager’s stock valued at $12,453,000 after acquiring an additional 6,774 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its stake in OM Asset Management by 41.1% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 23,539 shares of the asset manager’s stock valued at $351,000 after acquiring an additional 6,861 shares during the period. Institutional investors own 64.94% of the company’s stock.

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About OM Asset Management

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 (NYSE:OMAM)

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