OM Asset Management PLC (NYSE:OMAM) Receives $16.90 Consensus Target Price from Analysts
OM Asset Management PLC (NYSE:OMAM) has been given a consensus rating of “Buy” by the nine analysts that are covering the firm. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $16.90.
Several research analysts have recently issued reports on OMAM shares. Citigroup Inc. restated a “buy” rating and set a $20.00 price objective (up previously from $18.00) on shares of OM Asset Management PLC in a report on Wednesday, June 15th. Credit Suisse Group AG restated a “buy” rating on shares of OM Asset Management PLC in a report on Wednesday, August 31st. Keefe, Bruyette & Woods set a $17.50 price objective on shares of OM Asset Management PLC and gave the stock a “buy” rating in a report on Friday, August 5th. Zacks Investment Research upgraded shares of OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, August 9th. Finally, Morgan Stanley set a $15.00 price objective on shares of OM Asset Management PLC and gave the stock a “hold” rating in a report on Friday, August 5th.
OM Asset Management PLC (NYSE:OMAM) opened at 14.14 on Tuesday. The company’s 50 day moving average is $13.49 and its 200-day moving average is $13.70. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 12.25 and a beta of 1.86. OM Asset Management PLC has a 1-year low of $10.27 and a 1-year high of $17.04.
OM Asset Management PLC (NYSE:OMAM) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. OM Asset Management PLC had a net margin of 22.02% and a return on equity of 87.34%. The company had revenue of $156.50 million for the quarter, compared to the consensus estimate of $162.22 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue was down 26.7% compared to the same quarter last year. On average, analysts predict that OM Asset Management PLC will post $1.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a $0.08 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $0.32 dividend on an annualized basis and a yield of 2.26%. OM Asset Management PLC’s dividend payout ratio (DPR) is presently 27.59%.
A number of institutional investors have recently added to or reduced their stakes in OMAM. Springbok Capital Management LLC purchased a new position in OM Asset Management PLC during the first quarter worth approximately $113,000. Royal Bank of Canada purchased a new position in OM Asset Management PLC during the second quarter worth approximately $124,000. Walleye Trading LLC purchased a new position in OM Asset Management PLC during the second quarter worth approximately $132,000. Globeflex Capital L P purchased a new position in OM Asset Management PLC during the second quarter worth approximately $134,000. Finally, Acrospire Investment Management LLC raised its position in OM Asset Management PLC by 461.5% in the second quarter. Acrospire Investment Management LLC now owns 11,680 shares of the company’s stock worth $156,000 after buying an additional 9,600 shares during the period. Hedge funds and other institutional investors own 32.60% of the company’s stock.
About OM Asset Management PLC
OM Asset Management plc is a multi-boutique asset management company. The Company operates its business through its approximately seven affiliate firms (Affiliates). The Company is an indirect subsidiary of Old Mutual plc, which is an investment, savings, insurance and banking group. The Company’s Affiliates include Acadian Asset Management LLC (Acadian), Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow Hanley), Campbell Global, LLC (Campbell Global), Copper Rock Capital Partners LLC, Heitman LLC, Investment Counselors of Maryland, LLC and Thompson, Siegel & Walmsley LLC.
Receive News & Ratings for OM Asset Management PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OM Asset Management PLC and related companies with MarketBeat.com's FREE daily email newsletter.