OM Asset Management PLC (NYSE:OMAM) Upgraded to “Buy” at ValuEngine

OM Asset Management PLC (NYSE:OMAM) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday, November 2nd.

A number of other research firms also recently commented on OMAM. Zacks Investment Research upgraded OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday, October 11th. TheStreet upgraded OM Asset Management PLC from a “d” rating to a “c” rating in a report on Monday, October 9th. Royal Bank Of Canada set a $18.00 price objective on OM Asset Management PLC and gave the company a “buy” rating in a report on Wednesday, October 18th. BidaskClub downgraded OM Asset Management PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $17.50 price objective on shares of OM Asset Management PLC in a report on Friday, August 4th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. OM Asset Management PLC has a consensus rating of “Buy” and an average price target of $18.08.

OM Asset Management PLC (OMAM) traded down $0.11 during mid-day trading on Thursday, hitting $15.96. The stock had a trading volume of 391,600 shares, compared to its average volume of 544,490. The company has a market capitalization of $1,763.21, a P/E ratio of 10.57, a P/E/G ratio of 0.75 and a beta of 1.74. OM Asset Management PLC has a 12 month low of $13.20 and a 12 month high of $16.14. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 3.23.

OM Asset Management PLC (NYSE:OMAM) last released its earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $228.20 million during the quarter, compared to the consensus estimate of $220.50 million. OM Asset Management PLC had a return on equity of 114.45% and a net margin of 9.49%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. analysts predict that OM Asset Management PLC will post 1.58 EPS for the current year.

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In other OM Asset Management PLC news, Director Robert J. Chersi purchased 7,500 shares of the stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $13.48 per share, for a total transaction of $101,100.00. Following the completion of the acquisition, the director now directly owns 12,971 shares of the company’s stock, valued at $174,849.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.48% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of OMAM. Bank of New York Mellon Corp boosted its position in shares of OM Asset Management PLC by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 195,647 shares of the asset manager’s stock worth $2,959,000 after buying an additional 9,618 shares during the period. Ameriprise Financial Inc. boosted its position in shares of OM Asset Management PLC by 10.0% during the first quarter. Ameriprise Financial Inc. now owns 251,090 shares of the asset manager’s stock worth $3,797,000 after buying an additional 22,757 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of OM Asset Management PLC by 154.6% during the first quarter. Parametric Portfolio Associates LLC now owns 35,051 shares of the asset manager’s stock worth $530,000 after buying an additional 21,285 shares during the period. American International Group Inc. boosted its position in shares of OM Asset Management PLC by 7.1% during the first quarter. American International Group Inc. now owns 24,712 shares of the asset manager’s stock worth $374,000 after buying an additional 1,637 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of OM Asset Management PLC by 19.1% during the first quarter. TIAA CREF Investment Management LLC now owns 559,078 shares of the asset manager’s stock worth $8,453,000 after buying an additional 89,653 shares during the period. 65.76% of the stock is owned by institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for OM Asset Management PLC (NYSE:OMAM)

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