Media stories about OM Asset Management PLC (NYSE:OMAM) have been trending somewhat negative this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. OM Asset Management PLC earned a media sentiment score of -0.08 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Former CEO and Director of OM Asset Management plc Ordinar (NYSE:OMAM), Bain Peter L, sells 75,842 shares worth $1,106,307 (empowerednews.net)
- Insider Selling: OM Asset Management PLC (NYSE:OMAM) CEO Sells 145,842 Shares of Stock (americanbankingnews.com)
- OM Asset Management PLC (NYSE:OMAM) PT Set at $18.00 by Royal Bank Of Canada (americanbankingnews.com)
- OM Asset Management PLC (OMAM) Rating Lowered to Strong Sell at BidaskClub (americanbankingnews.com)
- OM Asset Management PLC (NYSE:OMAM) Receives “Buy” Rating from Keefe, Bruyette & Woods (americanbankingnews.com)
OM Asset Management PLC (NYSE:OMAM) traded down 0.42% during trading on Tuesday, reaching $14.26. 904,361 shares of the company’s stock traded hands. OM Asset Management PLC has a one year low of $12.10 and a one year high of $16.01. The firm’s 50 day moving average price is $14.96 and its 200-day moving average price is $14.83. The stock has a market cap of $1.64 billion, a P/E ratio of 14.55 and a beta of 1.71.
OM Asset Management PLC (NYSE:OMAM) last posted its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. OM Asset Management PLC had a net margin of 12.12% and a return on equity of 86.89%. The business had revenue of $218.80 million for the quarter, compared to analysts’ expectations of $211.67 million. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 39.8% on a year-over-year basis. On average, equities analysts anticipate that OM Asset Management PLC will post $1.54 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.52%. OM Asset Management PLC’s dividend payout ratio (DPR) is presently 45.57%.
OM Asset Management PLC declared that its board has authorized a share buyback program on Monday, May 15th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the asset manager to purchase shares of its stock through a private placement purchase. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
OMAM has been the topic of several analyst reports. ValuEngine upgraded shares of OM Asset Management PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded shares of OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “buy” rating and set a $17.50 price target on shares of OM Asset Management PLC in a research report on Friday. 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 research report on Thursday, August 3rd. Finally, BidaskClub upgraded shares of OM Asset Management PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $17.50.
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In other news, CEO Peter L. Bain sold 145,842 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $14.42, for a total transaction of $2,103,041.64. Following the transaction, the chief executive officer now directly owns 778,474 shares of the company’s stock, valued at approximately $11,225,595.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Group (Uk) Ltd Om sold 22,300,000 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $14.55, for a total transaction of $324,465,000.00. Following the transaction, the insider now directly owns 29,596,183 shares in the company, valued at $430,624,462.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,040,842 shares of company stock worth $364,325,292. Corporate insiders own 1.48% of the company’s stock.
About OM Asset Management PLC
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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