OM Asset Management PLC (NYSE:OMAM) declared a quarterly dividend on Wednesday, January 31st, Zacks reports. Shareholders of record on Friday, March 16th will be given a dividend of 0.09 per share by the asset manager on Friday, March 30th. This represents a $0.36 annualized dividend and a yield of 2.26%. The ex-dividend date is Thursday, March 15th.
OM Asset Management has a payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect OM Asset Management to earn $2.09 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 17.2%.
OM Asset Management (OMAM) opened at $15.92 on Wednesday. OM Asset Management has a 1-year low of $13.20 and a 1-year high of $18.62. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1,763.22, a PE ratio of 9.83, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82.
In related news, EVP Aidan J. Riordan sold 5,203 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $15.45, for a total transaction of $80,386.35. Following the transaction, the executive vice president now directly owns 122,091 shares in the company, valued at $1,886,305.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen Belgrad sold 49,213 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $15.22, for a total value of $749,021.86. Following the transaction, the chief financial officer now owns 317,760 shares in the company, valued at $4,836,307.20. The disclosure for this sale can be found here. Insiders sold 121,101 shares of company stock worth $1,856,888 over the last quarter. 1.48% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently commented on the company. Zacks Investment Research lowered OM Asset Management from a “buy” rating to a “hold” rating in a research note on Wednesday. Sandler O’Neill set a $19.00 price objective on OM Asset Management and gave the stock a “hold” rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $22.00 price objective on shares of OM Asset Management in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada set a $20.00 price objective on OM Asset Management and gave the stock a “buy” rating in a research note on Saturday, December 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.43.
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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.
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