Several analysts have recently updated their ratings and price targets for OM Asset Management PLC (NYSE: OMAM):

  • 6/29/2017 – OM Asset Management PLC is now covered by analysts at Royal Bank Of Canada. They set an “outperform” rating and a $18.00 price target on the stock.
  • 6/28/2017 – OM Asset Management PLC was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – OM Asset Management PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “OM Asset Management plc operates as a multi-boutique asset management company. It provides its services to individuals and institutions. The Company offers products in domestic and international equities, fixed income, and alternative investments, such as timber and real estate. OM Asset Management plc is based Boston, Massachusetts. “
  • 6/24/2017 – OM Asset Management PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “OM Asset Management plc operates as a multi-boutique asset management company. It provides its services to individuals and institutions. The Company offers products in domestic and international equities, fixed income, and alternative investments, such as timber and real estate. OM Asset Management plc is based Boston, Massachusetts. “
  • 6/20/2017 – OM Asset Management PLC was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/5/2017 – OM Asset Management PLC was upgraded by analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating. They now have a $17.00 price target on the stock.
  • 6/3/2017 – OM Asset Management PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “OM Asset Management plc operates as a multi-boutique asset management company. It provides its services to individuals and institutions. The Company offers products in domestic and international equities, fixed income, and alternative investments, such as timber and real estate. OM Asset Management plc is based Boston, Massachusetts. “
  • 6/2/2017 – OM Asset Management PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “OM Asset Management plc operates as a multi-boutique asset management company. It provides its services to individuals and institutions. The Company offers products in domestic and international equities, fixed income, and alternative investments, such as timber and real estate. OM Asset Management plc is based Boston, Massachusetts. “
  • 6/2/2017 – OM Asset Management PLC was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of OM Asset Management PLC (OMAM) traded down 0.97% during midday trading on Tuesday, reaching $15.26. 289,697 shares of the company’s stock traded hands. The firm has a market cap of $1.75 billion, a PE ratio of 15.57 and a beta of 1.71. OM Asset Management PLC has a 12 month low of $12.10 and a 12 month high of $16.01. The stock has a 50-day moving average price of $14.51 and a 200 day moving average price of $14.74.

OM Asset Management PLC (NYSE:OMAM) last released its earnings results on Thursday, May 4th. The asset manager reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. OM Asset Management PLC had a net margin of 16.48% and a return on equity of 81.34%. The firm had revenue of $198.80 million for the quarter, compared to the consensus estimate of $196.70 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. Equities research analysts predict that OM Asset Management PLC will post $1.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were paid a dividend of $0.09 per share. This is an increase from OM Asset Management PLC’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.36 dividend on an annualized basis and a yield of 2.36%. OM Asset Management PLC’s dividend payout ratio is presently 36.74%.

In related news, major shareholder Group (Uk) Ltd Om sold 2,595,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $14.55, for a total transaction of $37,757,250.00. Following the sale, the insider now owns 22,001,183 shares of the company’s stock, valued at $320,117,212.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Stephen Belgrad sold 27,292 shares of the company’s stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $15.00, for a total transaction of $409,380.00. Following the sale, the chief financial officer now directly owns 223,417 shares in the company, valued at approximately $3,351,255. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,094,767 shares of company stock worth $365,217,030. 1.48% of the stock is owned by insiders.

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.