Shares of OM Asset Management PLC (NYSE:OMAM) have been given an average recommendation of “Buy” by the nine ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $17.88.

OMAM has been the topic of a number of research reports. BidaskClub downgraded shares of OM Asset Management PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. ValuEngine downgraded shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Zacks Investment Research downgraded shares of OM Asset Management PLC from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Royal Bank Of Canada set a $18.00 target price on shares of OM Asset Management PLC and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $17.50 target price on shares of OM Asset Management PLC in a report on Tuesday, September 5th.

OM Asset Management PLC (NYSE:OMAM) traded up 1.11% during mid-day trading on Wednesday, hitting $15.45. 264,549 shares of the stock traded hands. The stock has a 50 day moving average price of $14.80 and a 200 day moving average price of $14.62. OM Asset Management PLC has a 12-month low of $12.10 and a 12-month high of $16.01. The firm has a market cap of $1.70 billion, a PE ratio of 19.53 and a beta of 1.74.

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

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In other news, CEO Peter L. Bain sold 98,145 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $13.63, for a total transaction of $1,337,716.35. Following the sale, the chief executive officer now owns 380,550 shares in the company, valued at $5,186,896.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Chersi purchased 7,500 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average price of $13.48 per share, for a total transaction of $101,100.00. Following the acquisition, the director now directly owns 12,971 shares of the company’s stock, valued at $174,849.08. The disclosure for this purchase can be found here. Insiders sold a total of 720,602 shares of company stock worth $10,229,584 over the last quarter. Insiders own 1.48% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its position in OM Asset Management PLC by 20.5% during the second 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. UBS Group AG grew its position in OM Asset Management PLC by 40.9% during the first 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. purchased a new position in OM Asset Management PLC during the second quarter valued at approximately $5,431,000. American International Group Inc. grew its position in OM Asset Management PLC by 7.1% during the first 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. Finally, Goldman Sachs Group Inc. grew its position in OM Asset Management PLC by 13.6% during the second quarter. Goldman Sachs Group Inc. now owns 2,899,248 shares of the asset manager’s stock valued at $43,083,000 after purchasing an additional 346,124 shares in the last quarter. Institutional investors and hedge funds own 66.03% of the company’s stock.

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.

Analyst Recommendations for OM Asset Management PLC (NYSE:OMAM)

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