OM Asset Management PLC (NYSE:OMAM) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Several other brokerages have also issued reports on OMAM. Zacks Investment Research lowered OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada set a $18.00 price target on OM Asset Management PLC and gave the company a “buy” rating in a research note on Wednesday, October 18th. TheStreet upgraded OM Asset Management PLC from a “d” rating to a “c” rating in a research note on Monday, October 9th. BidaskClub upgraded OM Asset Management PLC from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $17.50 price target on shares of OM Asset Management PLC in a research note on Tuesday, September 5th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $17.70.

OM Asset Management PLC (NYSE:OMAM) last announced its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The firm had revenue of $228.20 million during the quarter, compared to analysts’ expectations of $220.50 million. OM Asset Management PLC had a return on equity of 95.51% and a net margin of 12.12%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS.

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

A number of hedge funds have recently modified their holdings of OMAM. Oppenheimer Asset Management Inc. grew its position in OM Asset Management PLC by 22.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock worth $119,000 after acquiring an additional 1,488 shares during the last quarter. Principal Financial Group Inc. bought a new stake in OM Asset Management PLC during the 2nd quarter worth $156,000. SG Americas Securities LLC bought a new stake in OM Asset Management PLC during the 2nd quarter worth $159,000. BlueCrest Capital Management Ltd bought a new stake in OM Asset Management PLC during the 2nd quarter worth $168,000. Finally, First Quadrant L P CA bought a new stake in OM Asset Management PLC during the 2nd quarter worth $178,000. Institutional investors and hedge funds own 66.03% of the company’s stock.

OM Asset Management PLC Company Profile

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

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