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

OM Asset Management PLC (NYSE:OMAM) has been assigned a consensus rating of “Buy” from the eleven research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.43.

A number of research analysts have issued reports on the company. Sandler O’Neill set a $19.00 price objective on OM Asset Management and gave the company a “hold” rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $22.00 price objective on shares of OM Asset Management in a research note on Tuesday, January 9th. Zacks Investment Research upgraded OM Asset Management from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Thursday, January 4th. Royal Bank of Canada set a $20.00 price objective on OM Asset Management and gave the company a “buy” rating in a research note on Saturday, December 16th. Finally, Citigroup boosted their price target on OM Asset Management from $18.50 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd.

In related news, Director James Joseph Ritchie sold 7,900 shares of OM Asset Management stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.12, for a total value of $127,348.00. Following the completion of the sale, the director now owns 18,372 shares of the company’s stock, valued at $296,156.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Daniel K. Mahoney sold 2,000 shares of OM Asset Management stock in a transaction on Friday, November 17th. The stock was sold at an average price of $15.94, for a total value of $31,880.00. Following the completion of the sale, the chief accounting officer now directly owns 7,493 shares of the company’s stock, valued at approximately $119,438.42. The disclosure for this sale can be found here. Insiders sold 56,257 shares of company stock valued at $922,264 in the last 90 days. Company insiders own 1.48% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of OM Asset Management by 220.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,135 shares of the asset manager’s stock worth $103,000 after acquiring an additional 4,222 shares during the period. Principal Financial Group Inc. bought a new stake in shares of OM Asset Management in the second quarter worth $156,000. BlueCrest Capital Management Ltd bought a new stake in shares of OM Asset Management in the second quarter worth $168,000. FineMark National Bank & Trust bought a new stake in shares of OM Asset Management in the fourth quarter worth $198,000. Finally, Legal & General Group Plc grew its holdings in shares of OM Asset Management by 19.2% in the second 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 period. 66.00% of the stock is owned by institutional investors.

Shares of OM Asset Management (NYSE OMAM) traded down $0.41 during trading hours on Friday, reaching $15.28. The company’s stock had a trading volume of 1,330,034 shares, compared to its average volume of 765,031. The stock has a market capitalization of $1,811.48, a PE ratio of 766.50, a price-to-earnings-growth ratio of 0.57 and a beta of 1.72. OM Asset Management has a 1-year low of $13.20 and a 1-year high of $18.62. 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 (NYSE:OMAM) last announced its quarterly earnings data on Thursday, February 1st. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The business had revenue of $252.30 million during the quarter, compared to analysts’ expectations of $240.25 million. OM Asset Management had a return on equity of 125.33% and a net margin of 0.47%. The firm’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. sell-side analysts predict that OM Asset Management will post 1.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, March 15th. OM Asset Management’s dividend payout ratio is currently 1,800.00%.

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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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