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

  • 10/18/2017 – OM Asset Management PLC was given a new $18.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 10/11/2017 – OM Asset Management PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $17.00 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. “
  • 10/9/2017 – OM Asset Management PLC was upgraded by analysts at TheStreet from a “d” rating to a “c” rating.
  • 10/5/2017 – OM Asset Management PLC was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/4/2017 – OM Asset Management PLC was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” 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. “
  • 10/2/2017 – OM Asset Management PLC was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/26/2017 – OM Asset Management PLC was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/22/2017 – OM Asset Management PLC was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/5/2017 – OM Asset Management PLC had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $17.50 price target on the stock.

OM Asset Management PLC (OMAM) opened at 15.61 on Wednesday. OM Asset Management PLC has a 52-week low of $12.10 and a 52-week high of $16.01. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 19.73 and a beta of 1.74. The company has a 50-day moving average of $14.53 and a 200-day moving average of $14.60.

OM Asset Management PLC (NYSE:OMAM) last issued its earnings results on Thursday, August 3rd. The asset manager reported $0.42 earnings per share 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 firm had revenue of $218.80 million for the quarter, compared to analyst estimates of $211.67 million. During the same period last year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was up 39.8% on a year-over-year basis. Equities research analysts expect that OM Asset Management PLC will post $1.56 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Thursday, September 14th. OM Asset Management PLC’s dividend payout ratio is presently 45.57%.

In other news, CEO Peter L. Bain sold 145,842 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $14.42, for a total transaction of $2,103,041.64. Following the transaction, the chief executive officer now directly owns 778,474 shares of the company’s stock, valued at $11,225,595.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter L. Bain sold 111,612 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $14.33, for a total value of $1,599,399.96. Following the transaction, the chief executive officer now directly owns 596,862 shares in the company, valued at $8,553,032.46. The disclosure for this sale can be found here. Insiders sold 720,602 shares of company stock worth $10,229,584 over the last ninety days. 1.48% of the stock is owned by corporate 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.

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