OM Asset Management PLC (OMAM) Sets New 12-Month High at $16.04
OM Asset Management PLC (NYSE:OMAM) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $16.04 and last traded at $15.97, with a volume of 193573 shares changing hands. The stock had previously closed at $15.55.
A number of research analysts recently issued reports on OMAM shares. BidaskClub lowered OM Asset Management PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada set a $18.00 price objective on OM Asset Management PLC and gave the company a “buy” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods restated a “buy” rating and set a $17.50 price objective on shares of OM Asset Management PLC in a research report on Friday, August 4th. Zacks Investment Research lowered OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, ValuEngine lowered OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $18.08.
The firm has a market capitalization of $1,759.91, a P/E ratio of 10.55, a P/E/G ratio of 0.75 and a beta of 1.74.
OM Asset Management PLC (NYSE:OMAM) last posted its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. OM Asset Management PLC had a return on equity of 110.15% and a net margin of 9.49%. The company had revenue of $228.20 million for the quarter, compared to the consensus estimate of $220.50 million. During the same quarter in the previous year, the business earned $0.32 EPS. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. sell-side analysts predict that OM Asset Management PLC will post 1.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, December 14th. OM Asset Management PLC’s dividend payout ratio is presently 52.94%.
In other news, Director Robert J. Chersi acquired 7,500 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average price of $13.48 per share, with a total value of $101,100.00. Following the purchase, the director now 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 can be accessed through the SEC website. 1.48% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its position in shares of OM Asset Management PLC by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock worth $119,000 after purchasing an additional 1,488 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of OM Asset Management PLC during the second quarter worth $156,000. SG Americas Securities LLC acquired a new stake in shares of OM Asset Management PLC during the second quarter worth $159,000. BlueCrest Capital Management Ltd acquired a new stake in shares of OM Asset Management PLC during the second quarter worth $168,000. Finally, First Quadrant L P CA acquired a new stake in shares of OM Asset Management PLC during the second quarter worth $178,000. 66.00% of the stock is currently 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.
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