Somewhat Favorable Press Coverage Somewhat Unlikely to Impact OM Asset Management PLC (OMAM) Share Price
Press coverage about OM Asset Management PLC (NYSE:OMAM) has trended somewhat positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. OM Asset Management PLC earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 46.2074718457512 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of OM Asset Management PLC (OMAM) traded up $0.06 on Wednesday, hitting $16.00. The company’s stock had a trading volume of 430,500 shares, compared to its average volume of 554,704. OM Asset Management PLC has a twelve month low of $13.20 and a twelve month high of $16.14. The firm has a market cap of $1,748.94, a P/E ratio of 10.49, a PEG ratio of 0.74 and a beta of 1.74. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.23.
OM Asset Management PLC (NYSE:OMAM) last issued its earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. OM Asset Management PLC had a return on equity of 114.45% and a net margin of 9.49%. The business had revenue of $228.20 million during the quarter, compared to the consensus estimate of $220.50 million. During the same period last year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. equities analysts expect that OM Asset Management PLC will post 1.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Thursday, December 14th. OM Asset Management PLC’s payout ratio is 52.94%.
OMAM has been the topic of several recent analyst reports. ValuEngine upgraded shares of OM Asset Management PLC from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $17.50 target price on shares of OM Asset Management PLC in a report on Friday, August 4th. Royal Bank Of Canada set a $18.00 target price on shares of OM Asset Management PLC and gave the stock a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday, October 11th. Finally, Citigroup Inc. upped their price objective on shares of OM Asset Management PLC from $18.50 to $20.00 and gave the company a “buy” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. OM Asset Management PLC presently has an average rating of “Buy” and a consensus target price of $18.08.
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In related 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 directly owns 7,493 shares in the company, valued at approximately $119,438.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.48% of the company’s stock.
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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