OM Asset Management PLC (NYSE:OMAM) has earned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the firm. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $16.90.
Several brokerages have recently weighed in on OMAM. Morgan Stanley set a $15.00 target price on OM Asset Management PLC and gave the stock a “hold” rating in a research note on Friday, August 5th. Zacks Investment Research downgraded OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Keefe, Bruyette & Woods set a $17.50 target price on OM Asset Management PLC and gave the stock a “buy” rating in a research note on Friday, August 5th. Citigroup Inc. reaffirmed a “buy” rating and set a $20.00 target price (up from $18.00) on shares of OM Asset Management PLC in a research note on Wednesday, June 15th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of OM Asset Management PLC in a research note on Wednesday, June 15th.
OM Asset Management PLC (NYSE:OMAM) opened at 14.09 on Tuesday. OM Asset Management PLC has a 1-year low of $10.27 and a 1-year high of $17.04. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 12.21 and a beta of 1.86. The firm’s 50-day moving average is $13.50 and its 200 day moving average is $13.71.
OM Asset Management PLC (NYSE:OMAM) last announced its earnings results on Thursday, August 4th. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business earned $156.50 million during the quarter, compared to the consensus estimate of $162.22 million. OM Asset Management PLC had a return on equity of 87.34% and a net margin of 22.02%. The business’s quarterly revenue was down 26.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS. Equities analysts anticipate that OM Asset Management PLC will post $1.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Wednesday, September 14th. OM Asset Management PLC’s payout ratio is currently 27.59%.
Hedge funds have recently modified their holdings of the stock. Springbok Capital Management LLC bought a new stake in shares of OM Asset Management PLC during the first quarter valued at about $113,000. Royal Bank of Canada bought a new stake in shares of OM Asset Management PLC during the second quarter valued at about $124,000. Walleye Trading LLC bought a new stake in shares of OM Asset Management PLC during the second quarter valued at about $132,000. Globeflex Capital L P bought a new stake in shares of OM Asset Management PLC during the second quarter valued at about $134,000. Finally, Acrospire Investment Management LLC boosted its stake in shares of OM Asset Management PLC by 461.5% in the second quarter. Acrospire Investment Management LLC now owns 11,680 shares of the company’s stock valued at $156,000 after buying an additional 9,600 shares during the last quarter. Institutional investors own 32.60% of the company’s stock.
OM Asset Management PLC Company Profile
OM Asset Management plc is a multi-boutique asset management company. The Company operates its business through its approximately seven affiliate firms (Affiliates). The Company is an indirect subsidiary of Old Mutual plc, which is an investment, savings, insurance and banking group. The Company’s Affiliates include Acadian Asset Management LLC (Acadian), Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow Hanley), Campbell Global, LLC (Campbell Global), Copper Rock Capital Partners LLC, Heitman LLC, Investment Counselors of Maryland, LLC and Thompson, Siegel & Walmsley LLC.
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