OM Asset Management PLC (OMAM) To Go Ex-Dividend on December 14th
OM Asset Management PLC (NYSE:OMAM) declared a quarterly dividend on Monday, November 6th, Wall Street Journal reports. Investors of record on Friday, December 15th will be given a dividend of 0.09 per share by the asset manager on Friday, December 29th. This represents a $0.36 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, December 14th.
OM Asset Management has a payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect OM Asset Management to earn $1.69 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 21.3%.
OM Asset Management (OMAM) opened at $16.19 on Wednesday. The firm has a market capitalization of $1,766.50, a price-to-earnings ratio of 10.59, a PEG ratio of 0.75 and a beta of 1.76. The company has a debt-to-equity ratio of 3.23, a quick ratio of 1.65 and a current ratio of 1.65. OM Asset Management has a twelve month low of $13.20 and a twelve month high of $16.74.
OM Asset Management (NYSE:OMAM) last released its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $228.20 million for the quarter, compared to analysts’ expectations of $220.50 million. OM Asset Management had a return on equity of 114.45% and a net margin of 9.49%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. sell-side analysts predict that OM Asset Management will post 1.58 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the company. Zacks Investment Research raised OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, October 11th. ValuEngine raised OM Asset Management from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised OM Asset Management from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 26th. TheStreet raised OM Asset Management from a “d” rating to a “c” rating in a report on Monday, October 9th. Finally, Citigroup raised their target price on OM Asset Management from $18.50 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $18.08.
In other news, CAO Daniel K. Mahoney sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $15.94, for a total transaction of $31,880.00. Following the completion of the transaction, the chief accounting officer now owns 7,493 shares in the company, valued at $119,438.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Linda T. Gibson sold 46,357 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $16.46, for a total value of $763,036.22. Following the transaction, the executive vice president now owns 146,193 shares of the company’s stock, valued at approximately $2,406,336.78. The disclosure for this sale can be found here. Corporate insiders own 1.48% of the company’s stock.
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.
Receive News & Ratings for OM Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OM Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.