Shares of OM Asset Management PLC (NYSE:OMAM) have been assigned an average recommendation of “Buy” from the nine research firms that are presently covering the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $16.90.
Several analysts recently weighed in on OMAM shares. TheStreet upgraded OM Asset Management PLC from a “sell” rating to a “hold” rating in a research report on Thursday, June 16th. Credit Suisse Group AG restated a “buy” rating on shares of OM Asset Management PLC in a research report on Wednesday, August 31st. Morgan Stanley restated a “hold” rating on shares of OM Asset Management PLC in a research report on Wednesday, June 15th. Zacks Investment Research downgraded OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Citigroup Inc. restated a “buy” rating on shares of OM Asset Management PLC in a research report on Saturday, July 2nd.
Shares of OM Asset Management PLC (NYSE:OMAM) traded down 0.58% during trading on Tuesday, reaching $13.69. The company’s stock had a trading volume of 40,768 shares. The stock’s 50 day moving average price is $13.45 and its 200 day moving average price is $13.69. OM Asset Management PLC has a 52 week low of $10.27 and a 52 week high of $17.04. The company has a market cap of $1.64 billion, a PE ratio of 11.86 and a beta of 1.86.
OM Asset Management PLC (NYSE:OMAM) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. OM Asset Management PLC had a return on equity of 87.34% and a net margin of 22.02%. The business earned $156.50 million during the quarter, compared to the consensus estimate of $162.22 million. During the same period in the prior year, the company earned $0.32 EPS. OM Asset Management PLC’s revenue for the quarter was down 26.7% on a year-over-year basis. Equities research analysts predict that OM Asset Management PLC will post $1.20 EPS for the current year.
The business 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. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.32 annualized dividend and a dividend yield of 2.32%. OM Asset Management PLC’s payout ratio is 27.59%.
Several large investors have recently modified their holdings of the stock. Springbok Capital Management LLC bought a new stake in shares of OM Asset Management PLC during the first quarter valued at $113,000. Royal Bank of Canada bought a new stake in shares of OM Asset Management PLC during the second quarter valued at $124,000. Walleye Trading LLC bought a new stake in shares of OM Asset Management PLC during the second quarter valued at $132,000. Globeflex Capital L P bought a new stake in shares of OM Asset Management PLC during the second quarter valued at $134,000. Finally, Acrospire Investment Management LLC boosted its stake in shares of 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 during the last quarter. 32.60% of the stock is owned by 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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