News articles about OM Asset Management PLC (NYSE:OMAM) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. OM Asset Management PLC earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 45.4821213318606 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of OM Asset Management PLC (NYSE:OMAM) traded up 1.90% during mid-day trading on Friday, hitting $13.96. The stock had a trading volume of 287,614 shares. The firm has a 50 day moving average price of $13.79 and a 200 day moving average price of $14.60. The firm has a market cap of $1.53 billion, a PE ratio of 17.65 and a beta of 1.72. OM Asset Management PLC has a 52-week low of $12.10 and a 52-week high of $16.01.

OM Asset Management PLC (NYSE:OMAM) last released its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. OM Asset Management PLC had a return on equity of 95.51% and a net margin of 12.12%. The firm had revenue of $218.80 million for the quarter, compared to analyst estimates of $211.67 million. During the same quarter last year, the company posted $0.30 earnings per share. The business’s revenue was up 39.8% on a year-over-year basis. Equities analysts predict that OM Asset Management PLC will post $1.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, September 14th. OM Asset Management PLC’s dividend payout ratio is presently 45.57%.

Several analysts have weighed in on OMAM shares. Royal Bank Of Canada set a $18.00 price target on OM Asset Management PLC and gave the company a “buy” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $17.50 price target on shares of OM Asset Management PLC in a research note on Tuesday, September 5th. BidaskClub upgraded OM Asset Management PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Tuesday, June 27th. Finally, Wells Fargo & Company upgraded OM Asset Management PLC from a “market perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a research note on Monday, June 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. OM Asset Management PLC has a consensus rating of “Hold” and a consensus price target of $17.50.

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In other news, Director Robert J. Chersi purchased 7,500 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $13.48 per share, with a total value of $101,100.00. Following the purchase, the director now directly owns 12,971 shares of the company’s stock, valued at $174,849.08. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Peter L. Bain sold 273,885 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $14.21, for a total value of $3,891,905.85. Following the sale, the chief executive officer now directly owns 596,862 shares in the company, valued at approximately $8,481,409.02. The disclosure for this sale can be found here. Insiders sold a total of 720,602 shares of company stock worth $10,229,584 in the last ninety days. 1.48% of the stock is owned by corporate insiders.

About OM Asset Management PLC

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.

Insider Buying and Selling by Quarter for OM Asset Management PLC (NYSE:OMAM)

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