OM Asset Management PLC (NYSE:OMAM) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada began coverage on shares of OM Asset Management PLC in a research report on Thursday, June 29th. They set an “outperform” rating and a $18.00 price objective on the stock. ValuEngine downgraded shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Zacks Investment Research downgraded shares of OM Asset Management PLC from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.50 price objective on shares of OM Asset Management PLC in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.88.

OM Asset Management PLC (NYSE OMAM) opened at 14.89 on Thursday. OM Asset Management PLC has a 52-week low of $12.10 and a 52-week high of $16.01. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 18.82 and a beta of 1.74. The company’s 50 day moving average is $13.87 and its 200-day moving average is $14.56.

OM Asset Management PLC (NYSE:OMAM) last announced its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.42 EPS for the quarter, beating the Thomson Reuters’ 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 95.51%. The company had revenue of $218.80 million for the quarter, compared to the consensus estimate of $211.67 million. During the same period in the prior year, the firm posted $0.30 EPS. OM Asset Management PLC’s revenue for the quarter was up 39.8% on a year-over-year basis. Equities analysts anticipate that OM Asset Management PLC will post $1.54 EPS for the current fiscal year.

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In other OM Asset Management PLC news, CEO Peter L. Bain sold 111,612 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $14.33, for a total transaction of $1,599,399.96. Following the transaction, the chief executive officer now owns 596,862 shares in the company, valued at approximately $8,553,032.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter L. Bain sold 145,842 shares of the company’s stock in a transaction dated 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 owns 778,474 shares in the company, valued at approximately $11,225,595.08. The disclosure for this sale can be found here. Insiders have sold a total of 720,602 shares of company stock worth $10,229,584 in the last 90 days. Company insiders own 1.48% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in shares of OM Asset Management PLC by 1.0% in the 1st quarter. Bank of America Corp DE now owns 139,704 shares of the asset manager’s stock worth $2,112,000 after purchasing an additional 1,362 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of OM Asset Management PLC by 22.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,979 shares of the asset manager’s stock worth $119,000 after purchasing an additional 1,488 shares during the period. American International Group Inc. lifted its stake in shares of OM Asset Management PLC by 7.1% in the 1st quarter. American International Group Inc. now owns 24,712 shares of the asset manager’s stock worth $374,000 after purchasing an additional 1,637 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of OM Asset Management PLC by 5.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,032 shares of the asset manager’s stock worth $550,000 after purchasing an additional 1,981 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of OM Asset Management PLC by 19.2% in the 2nd quarter. Legal & General Group Plc now owns 16,402 shares of the asset manager’s stock worth $244,000 after purchasing an additional 2,638 shares during the period. Institutional investors and hedge funds own 66.02% of the company’s stock.

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.

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

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