OM Asset Management PLC (OMAM) Given Buy Rating at Citigroup Inc.
Other analysts have also issued research reports about the stock. Credit Suisse Group AG restated a buy rating on shares of OM Asset Management PLC in a research report on Wednesday, August 31st. Zacks Investment Research upgraded shares of OM Asset Management PLC from a hold rating to a buy rating and set a $15.00 price target on the stock in a research report on Tuesday, August 9th. Keefe, Bruyette & Woods set a $17.50 price target on shares of OM Asset Management PLC and gave the company a buy rating in a research report on Friday, August 5th. Finally, Morgan Stanley set a $15.00 price objective on shares of OM Asset Management PLC and gave the company a hold rating in a report on Friday, August 5th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $17.21.
OM Asset Management PLC (NYSE:OMAM) traded up 0.57% during mid-day trading on Tuesday, hitting $14.11. 7,586 shares of the stock were exchanged. OM Asset Management PLC has a 52-week low of $10.27 and a 52-week high of $17.04. The stock’s 50 day moving average is $13.60 and its 200 day moving average is $13.77. The stock has a market cap of $1.70 billion, a PE ratio of 12.23 and a beta of 1.86.
OM Asset Management PLC (NYSE:OMAM) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The company had revenue of $156.50 million for the quarter, compared to analyst estimates of $162.22 million. OM Asset Management PLC had a net margin of 22.02% and a return on equity of 87.34%. The firm’s revenue was down 26.7% on a year-over-year basis. During the same quarter last year, the business earned $0.32 earnings per share. Analysts forecast that OM Asset Management PLC will post $1.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Wednesday, September 14th. OM Asset Management PLC’s dividend payout ratio is currently 27.59%.
Institutional investors have recently bought and sold shares of the company. Springbok Capital Management LLC acquired a new position in OM Asset Management PLC during the first quarter valued at $113,000. Royal Bank of Canada acquired a new position in OM Asset Management PLC during the second quarter valued at $124,000. Walleye Trading LLC acquired a new position in OM Asset Management PLC during the second quarter valued at $132,000. Globeflex Capital L P acquired a new position in OM Asset Management PLC during the second quarter valued at $134,000. Finally, Acrospire Investment Management LLC increased 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 valued at $156,000 after buying an additional 9,600 shares in the last quarter. 32.60% of the stock is currently owned by hedge funds and other institutional investors.
OM Asset Management PLC Company Profile
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.
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