OM Asset Management PLC (NYSE:OMAM) posted its quarterly earnings data on Thursday. The asset manager reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02, Bloomberg Earnings reports. The firm had revenue of $228.20 million during the quarter, compared to analyst estimates of $220.50 million. OM Asset Management PLC had a net margin of 9.49% and a return on equity of 110.15%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS.

Shares of OM Asset Management PLC (NYSE OMAM) traded up $0.36 during mid-day trading on Friday, hitting $15.75. 355,809 shares of the stock traded hands, compared to its average volume of 366,603. The company has a market cap of $1.73 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.74 and a beta of 1.74.

In related news, CEO Peter L. Bain sold 91,118 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $14.24, for a total value of $1,297,520.32. Following the completion of the transaction, the chief executive officer now directly owns 596,862 shares of the company’s stock, valued at approximately $8,499,314.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Peter L. Bain sold 111,612 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 596,862 shares of the company’s stock, valued at $8,553,032.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 574,760 shares of company stock valued at $8,126,542. 1.48% of the stock is currently owned by company insiders.

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Several research firms have commented on OMAM. Citigroup Inc increased their price objective on shares of OM Asset Management PLC from $18.50 to $20.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research upgraded shares of OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Wednesday, October 11th. TheStreet upgraded shares of OM Asset Management PLC from a “d” rating to a “c” rating in a research note on Monday, October 9th. Royal Bank Of Canada set a $18.00 price target on shares of OM Asset Management PLC and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, BidaskClub lowered shares of OM Asset Management PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $18.08.

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.

Earnings History for OM Asset Management PLC (NYSE:OMAM)

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