Press coverage about OM Asset Management (NYSE:OMAM) has been trending positive on Sunday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. OM Asset Management earned a coverage optimism score of 0.29 on Accern’s scale. Accern also gave press coverage about the asset manager an impact score of 45.926843970256 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Christopher Hadley Sells 754 Shares of OM Asset Management PLC (OMAM) Stock (americanbankingnews.com)
- OM Asset Management PLC (OMAM) CFO Stephen Belgrad Sells 5,000 Shares (americanbankingnews.com)
- CAO/Controller of Om Asset Management Plc (NYSE:OMAM), Mahoney Daniel K., sells 316 shares worth $4,895 (empowerednews.net)
- OM Asset Management PLC (OMAM) CFO Sells $90,784.20 in Stock (americanbankingnews.com)
- OM Asset Management PLC (OMAM) EVP Aidan J. Riordan Sells 5,203 Shares (americanbankingnews.com)
A number of research firms have weighed in on OMAM. Sandler O’Neill set a $19.00 price objective on OM Asset Management and gave the company a “hold” rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $22.00 price objective on shares of OM Asset Management in a report on Tuesday, January 9th. Zacks Investment Research raised OM Asset Management from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, January 4th. Royal Bank of Canada set a $20.00 price objective on OM Asset Management and gave the company a “buy” rating in a report on Saturday, December 16th. Finally, Citigroup lifted their price objective on OM Asset Management from $18.50 to $20.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $19.43.
OM Asset Management (OMAM) opened at $15.78 on Friday. OM Asset Management has a one year low of $13.20 and a one year high of $18.62. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.23. The stock has a market cap of $1,731.38, a P/E ratio of 789.00, a PEG ratio of 0.55 and a beta of 1.72.
OM Asset Management (NYSE:OMAM) last posted its earnings results on Thursday, February 1st. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. OM Asset Management had a net margin of 0.47% and a return on equity of 125.33%. The company had revenue of $252.30 million during the quarter, compared to analysts’ expectations of $240.25 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. OM Asset Management’s quarterly revenue was up 32.9% compared to the same quarter last year. sell-side analysts forecast that OM Asset Management will post 1.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Thursday, March 15th. OM Asset Management’s dividend payout ratio (DPR) is currently 1,800.00%.
In other news, EVP Linda T. Gibson sold 46,357 shares of OM Asset Management stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $16.46, for a total value of $763,036.22. Following the completion of the transaction, the executive vice president now owns 146,193 shares in the company, valued at $2,406,336.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen Belgrad sold 5,876 shares of OM Asset Management stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $15.45, for a total transaction of $90,784.20. Following the completion of the transaction, the chief financial officer now owns 193,249 shares of the company’s stock, valued at approximately $2,985,697.05. The disclosure for this sale can be found here. Insiders sold 71,969 shares of company stock valued at $1,166,700 in the last quarter. 1.48% of the stock is currently owned by corporate insiders.
About OM Asset Management
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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