OM Asset Management PLC (NYSE:OMAM) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday, November 2nd.
A number of other brokerages also recently commented on OMAM. Zacks Investment Research raised shares of OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, October 11th. TheStreet raised shares of OM Asset Management PLC from a “d” rating to a “c” rating in a research report on Monday, October 9th. Royal Bank Of Canada set a $18.00 price target on shares of OM Asset Management PLC and gave the company a “buy” rating in a report on Wednesday, October 18th. BidaskClub lowered shares of OM Asset Management PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.50 target price on shares of OM Asset Management PLC in a research note on Friday, August 4th. One equities 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.
OM Asset Management PLC (NYSE:OMAM) opened at $16.04 on Thursday. OM Asset Management PLC has a 1-year low of $13.20 and a 1-year high of $16.04. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.91. The stock has a market cap of $1,759.92, a PE 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 issued its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The business had revenue of $228.20 million during the quarter, compared to analysts’ expectations of $220.50 million. OM Asset Management PLC had a net margin of 9.49% and a return on equity of 111.76%. The company’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the company posted $0.32 EPS. analysts predict that OM Asset Management PLC will post 1.58 EPS for the current fiscal year.
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In other OM Asset Management PLC news, Director Robert J. Chersi bought 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 transaction, the director now directly owns 12,971 shares of the company’s stock, valued at approximately $174,849.08. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.48% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of OMAM. Citadel Advisors LLC raised its stake in OM Asset Management PLC by 9,568.1% during the 2nd quarter. Citadel Advisors LLC now owns 1,726,920 shares of the asset manager’s stock valued at $25,662,000 after purchasing an additional 1,709,058 shares during the last quarter. Voya Investment Management LLC raised its stake in OM Asset Management PLC by 127.4% during the 2nd quarter. Voya Investment Management LLC now owns 2,774,790 shares of the asset manager’s stock valued at $41,233,000 after purchasing an additional 1,554,720 shares during the last quarter. Renaissance Technologies LLC acquired a new position in OM Asset Management PLC during the 2nd quarter valued at $18,212,000. Thrivent Financial For Lutherans acquired a new position in OM Asset Management PLC during the 2nd quarter valued at $14,219,000. Finally, JPMorgan Chase & Co. raised its stake in OM Asset Management PLC by 111.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,061,433 shares of the asset manager’s stock valued at $15,773,000 after purchasing an additional 558,711 shares during the last quarter. 65.76% of the stock is owned by institutional investors and hedge funds.
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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