OM Asset Management PLC (NYSE:OMAM) EVP Aidan J. Riordan sold 5,203 shares of OM Asset Management stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $15.45, for a total value of $80,386.35. Following the sale, the executive vice president now directly owns 122,091 shares in the company, valued at $1,886,305.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
OM Asset Management PLC (OMAM) traded up $0.26 during trading hours on Tuesday, hitting $15.77. 871,982 shares of the stock were exchanged, compared to its average volume of 828,356. OM Asset Management PLC has a 52 week low of $13.20 and a 52 week 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. The company has a market capitalization of $1,720.00, a PE ratio of 523.00, a P/E/G ratio of 0.53 and a beta of 1.72.
OM Asset Management (NYSE:OMAM) last posted its earnings results on Thursday, February 1st. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. OM Asset Management had a net margin of 0.47% and a return on equity of 125.33%. The company had revenue of $252.30 million during the quarter, compared to analysts’ expectations of $240.25 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. OM Asset Management’s quarterly revenue was up 32.9% compared to the same quarter last year. analysts anticipate that OM Asset Management PLC will post 1.94 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in OM Asset Management by 220.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,135 shares of the asset manager’s stock worth $103,000 after purchasing an additional 4,222 shares during the last quarter. Principal Financial Group Inc. bought a new position in OM Asset Management in the 2nd quarter worth approximately $156,000. BlueCrest Capital Management Ltd bought a new position in OM Asset Management in the 2nd quarter worth approximately $168,000. Amalgamated Bank bought a new position in OM Asset Management in the 4th quarter worth approximately $172,000. Finally, FineMark National Bank & Trust bought a new position in OM Asset Management in the 4th quarter worth approximately $198,000. Institutional investors own 66.32% of the company’s stock.
A number of equities research analysts have weighed in 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 report on Thursday, January 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $22.00 price objective on shares of OM Asset Management in a report on Tuesday, January 9th. Zacks Investment Research raised OM Asset Management from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report 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 report on Saturday, December 16th. Finally, Citigroup lifted their price objective on OM Asset Management from $18.50 to $20.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. OM Asset Management presently has an average rating of “Buy” and a consensus target price of $19.43.
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.
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