OM Asset Management (NYSE:OMAM) received a $19.00 price objective from investment analysts at Sandler O’Neill in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the asset manager’s stock. Sandler O’Neill’s target price would suggest a potential upside of 3.60% from the company’s previous close.

Other research analysts have also issued reports about the stock. ValuEngine lowered shares of OM Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Zacks Investment Research upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $22.00 price target on shares of OM Asset Management in a research report on Tuesday, January 9th. Citigroup boosted their price target on shares of OM Asset Management from $18.50 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, BidaskClub upgraded shares of OM Asset Management from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $19.43.

OM Asset Management (OMAM) traded up $0.50 on Thursday, hitting $18.34. 417,000 shares of the stock were exchanged, compared to its average volume of 582,622. The stock has a market cap of $2,010.00, a price-to-earnings ratio of 28.66, a P/E/G ratio of 0.65 and a beta of 1.76. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.65 and a quick ratio of 1.65. OM Asset Management has a 12-month low of $13.20 and a 12-month high of $18.37.

OM Asset Management (NYSE:OMAM) last released its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $228.20 million during the quarter, compared to analyst estimates of $220.50 million. OM Asset Management had a net margin of 9.49% and a return on equity of 114.45%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. research analysts forecast that OM Asset Management will post 1.58 earnings per share for the current year.

In related news, CAO Daniel K. Mahoney sold 2,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $15.94, for a total value of $31,880.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,493 shares in the company, valued at $119,438.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Linda T. Gibson sold 46,357 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $16.46, for a total transaction of $763,036.22. Following the completion of the transaction, the executive vice president now owns 146,193 shares of the company’s stock, valued at $2,406,336.78. The disclosure for this sale can be found here. Insiders sold 56,257 shares of company stock valued at $922,264 over the last quarter. 1.48% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its position in OM Asset Management by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock valued at $119,000 after buying an additional 1,488 shares during the period. Parametric Portfolio Associates LLC boosted its position in OM Asset Management by 5.7% during the second quarter. Parametric Portfolio Associates LLC now owns 37,032 shares of the asset manager’s stock valued at $550,000 after buying an additional 1,981 shares during the period. Legal & General Group Plc boosted its position in OM Asset Management by 19.2% during the second quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock valued at $244,000 after buying an additional 2,638 shares during the period. Wells Fargo & Company MN boosted its position in OM Asset Management by 0.8% during the second quarter. Wells Fargo & Company MN now owns 838,114 shares of the asset manager’s stock valued at $12,453,000 after buying an additional 6,774 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its position in OM Asset Management by 41.1% during the third quarter. Campbell & CO Investment Adviser LLC now owns 23,539 shares of the asset manager’s stock valued at $351,000 after buying an additional 6,861 shares during the period. Institutional investors own 64.94% of the company’s stock.

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OM Asset Management 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 (NYSE:OMAM)

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