OM Asset Management PLC (OMAM) Receives Consensus Rating of “Buy” from Brokerages

Shares of OM Asset Management PLC (NYSE:OMAM) have been given an average recommendation of “Buy” by the eleven research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $19.43.

OMAM has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $20.00 price objective on OM Asset Management and gave the stock a “buy” rating in a research report on Saturday, December 16th. Citigroup increased their price objective on OM Asset Management from $18.50 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. ValuEngine upgraded OM Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Thursday, November 9th. Finally, BidaskClub upgraded OM Asset Management from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th.

In other news, Director James Joseph Ritchie sold 7,900 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $16.12, for a total transaction of $127,348.00. Following the transaction, the director now directly owns 18,372 shares of the company’s stock, valued at $296,156.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Linda T. Gibson sold 46,357 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $16.46, for a total value of $763,036.22. Following the transaction, the executive vice president now directly owns 146,193 shares in the company, valued at $2,406,336.78. The disclosure for this sale can be found here. In the last three months, insiders sold 56,257 shares of company stock worth $922,264. 1.48% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its stake in shares of OM Asset Management by 22.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock worth $119,000 after purchasing an additional 1,488 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of OM Asset Management during the second quarter valued at approximately $156,000. SG Americas Securities LLC purchased a new position in shares of OM Asset Management during the second quarter valued at approximately $159,000. BlueCrest Capital Management Ltd purchased a new position in OM Asset Management in the 2nd quarter worth approximately $168,000. Finally, Legal & General Group Plc raised its holdings in OM Asset Management by 19.2% in the 2nd quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock worth $244,000 after acquiring an additional 2,638 shares during the last quarter. 64.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of OM Asset Management (NYSE OMAM) traded up $0.50 during mid-day trading on Monday, hitting $18.34. The company had a trading volume of 417,000 shares, compared to its average volume of 582,622. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.23. OM Asset Management has a one year low of $13.20 and a one year high of $18.37. The stock has a market capitalization of $2,010.00, a P/E ratio of 28.66, a PEG ratio of 0.65 and a beta of 1.76.

OM Asset Management (NYSE:OMAM) last issued its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. OM Asset Management had a return on equity of 114.45% and a net margin of 9.49%. The company had revenue of $228.20 million for the quarter, compared to the consensus estimate of $220.50 million. During the same quarter last year, the business posted $0.32 earnings per share. The firm’s revenue was up 29.8% compared to the same quarter last year. sell-side analysts predict that OM Asset Management will post 1.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.09 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.96%. OM Asset Management’s dividend payout ratio is presently 56.25%.

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About OM Asset Management

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 (NYSE:OMAM)

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