OM Asset Management PLC (NYSE:OMAM) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

OMAM has been the topic of several other research reports. Royal Bank Of Canada set a $18.00 target price 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 issued a $17.50 target price 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 target price on the stock in a research note on Tuesday, June 27th. Finally, Wells Fargo & Company raised OM Asset Management PLC from a “market perform” rating to an “outperform” rating and set a $17.00 price target for the company in a report on Monday, June 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.50.

OM Asset Management PLC (NYSE OMAM) opened at 13.70 on Friday. The company has a 50-day moving average of $13.79 and a 200-day moving average of $14.60. OM Asset Management PLC has a 52 week low of $12.10 and a 52 week high of $16.01. The company has a market cap of $1.50 billion, a PE ratio of 17.32 and a beta of 1.72.

OM Asset Management PLC (NYSE:OMAM) last posted its earnings results on Thursday, August 3rd. The asset manager reported $0.42 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $218.80 million for the quarter, compared to analyst estimates of $211.67 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year. On average, equities analysts expect that OM Asset Management PLC will post $1.54 EPS for the current year.

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In related news, Director Robert J. Chersi purchased 7,500 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $13.48 per share, with a total value of $101,100.00. Following the completion of the acquisition, the director now owns 12,971 shares of the company’s stock, valued at approximately $174,849.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter L. Bain sold 145,842 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $14.42, for a total value of $2,103,041.64. Following the completion of the transaction, the chief executive officer now directly owns 778,474 shares of the company’s stock, valued at $11,225,595.08. The disclosure for this sale can be found here. Insiders sold 720,602 shares of company stock valued at $10,229,584 over the last three months. 1.48% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Lord Abbett & CO. LLC lifted its holdings in OM Asset Management PLC by 2.4% in the second quarter. Lord Abbett & CO. LLC now owns 1,493,000 shares of the asset manager’s stock valued at $22,186,000 after acquiring an additional 35,200 shares during the period. California State Teachers Retirement System lifted its holdings in OM Asset Management PLC by 23.9% in the second quarter. California State Teachers Retirement System now owns 97,942 shares of the asset manager’s stock valued at $1,455,000 after acquiring an additional 18,900 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in OM Asset Management PLC by 36.1% in the second quarter. The Manufacturers Life Insurance Company now owns 40,904 shares of the asset manager’s stock valued at $607,000 after acquiring an additional 10,845 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in OM Asset Management PLC by 36.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 445,055 shares of the asset manager’s stock valued at $6,614,000 after acquiring an additional 118,791 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in OM Asset Management PLC by 182.2% in the second quarter. Cubist Systematic Strategies LLC now owns 35,356 shares of the asset manager’s stock valued at $525,000 after acquiring an additional 22,827 shares during the period. 66.02% of the stock is owned by institutional investors.

OM Asset Management PLC Company Profile

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.

Analyst Recommendations for OM Asset Management PLC (NYSE:OMAM)

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