News headlines about OM Asset Management (NYSE:OMAM) have been trending positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OM Asset Management earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 45.5525661834939 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
OM Asset Management (NYSE OMAM) traded down $0.20 during midday trading on Thursday, hitting $16.31. The stock had a trading volume of 305,871 shares, compared to its average volume of 709,205. The company has a market cap of $1,815.87, a PE ratio of 815.50, a price-to-earnings-growth ratio of 0.57 and a beta of 1.72. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.65 and a quick ratio of 1.65. OM Asset Management has a 12-month low of $13.20 and a 12-month high of $18.62.
OM Asset Management (NYSE:OMAM) last released its quarterly earnings results on Thursday, February 1st. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $252.30 million for the quarter, compared to analysts’ expectations of $240.25 million. OM Asset Management had a return on equity of 125.33% and a net margin of 0.47%. The company’s revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. analysts expect that OM Asset Management will post 1.93 EPS for the current fiscal year.
OMAM has been the topic of several recent analyst reports. Royal Bank of Canada set a $18.00 target price on OM Asset Management and gave the company a “buy” rating in a research note on Wednesday, October 18th. ValuEngine upgraded OM Asset Management from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Sandler O’Neill set a $19.00 target price on OM Asset Management and gave the company a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded OM Asset Management from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Thursday, January 4th. Finally, Citigroup increased their price target 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. OM Asset Management currently has an average rating of “Buy” and a consensus target price of $19.43.
In related news, Director James Joseph Ritchie sold 7,900 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.12, for a total value of $127,348.00. Following the transaction, the director now directly owns 18,372 shares of the company’s stock, valued at approximately $296,156.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Daniel K. Mahoney sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $15.94, for a total value of $31,880.00. Following the sale, the chief accounting officer now directly owns 7,493 shares in the company, valued at $119,438.42. The disclosure for this sale can be found here. Insiders have sold a total of 56,257 shares of company stock worth $922,264 over the last three months. Insiders own 1.48% of the company’s stock.
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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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