News headlines about OM Asset Management PLC (NYSE:OMAM) have trended positive this week, according to AlphaOne Sentiment Analysis. The research group, a unit of Accern, rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. OM Asset Management PLC earned a media sentiment score of 0.30 on AlphaOne’s scale. AlphaOne also assigned media coverage about the asset manager an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Alpha One’s rankings:
- BRIEF-Old Mutual Asset Management launches offering of 17.3 mln shares (businessinsider.com)
- BRIEF-Old Mutual Asset Management prices offering at $14.55 per share (reuters.com)
- OMAM : Announces Pricing of Secondary Offering (4-traders.com)
- OM Asset Management (OMAM) Prices 17.3M Secondary Offering at $14.55/Sh (streetinsider.com)
- OMAM : Announces Launch of Secondary Offering and Entry into Private Repurchase Agreement (4-traders.com)
OMAM has been the subject of a number of analyst reports. Credit Suisse Group AG set a $17.00 price target on OM Asset Management PLC and gave the company a “buy” rating in a research note on Monday, March 27th. Zacks Investment Research downgraded OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Keefe, Bruyette & Woods restated an “outperform” rating on shares of OM Asset Management PLC in a research note on Thursday, April 6th. Finally, Evercore ISI restated an “outperform” rating on shares of OM Asset Management PLC in a research note on Monday, April 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.50.
Shares of OM Asset Management PLC (NYSE:OMAM) traded up 1.869% during midday trading on Friday, reaching $14.445. 258,225 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $15.10 and a 200-day moving average of $14.67. OM Asset Management PLC has a one year low of $12.10 and a one year high of $16.01. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 14.740 and a beta of 1.76.
OM Asset Management PLC (NYSE:OMAM) last announced its quarterly earnings results on Thursday, May 4th. The asset manager reported $0.34 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.34. OM Asset Management PLC had a net margin of 19.05% and a return on equity of 75.43%. The firm had revenue of $198.80 million for the quarter, compared to the consensus estimate of $196.70 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, equities research analysts anticipate that OM Asset Management PLC will post $1.50 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This is an increase from OM Asset Management PLC’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 2.54%. OM Asset Management PLC’s dividend payout ratio is 30.48%.
In other OM Asset Management PLC news, EVP Linda T. Gibson sold 7,059 shares of the company’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $14.86, for a total transaction of $104,896.74. Following the completion of the transaction, the executive vice president now directly owns 230,774 shares in the company, valued at $3,429,301.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Linda T. Gibson sold 38,224 shares of the company’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $14.99, for a total transaction of $572,977.76. Following the transaction, the executive vice president now owns 214,774 shares of the company’s stock, valued at $3,219,462.26. The disclosure for this sale can be found here. Insiders have sold 238,379 shares of company stock worth $3,568,576 over the last three months. 1.41% of the stock is currently owned by insiders.
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.
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