News headlines about OM Asset Management (NYSE:OMAM) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. 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 media sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 46.5888529305305 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
OM Asset Management (NYSE OMAM) remained flat at $$16.04 on Friday. 127,516 shares of the company’s stock were exchanged, compared to its average volume of 576,897. OM Asset Management has a 1 year low of $13.20 and a 1 year high of $16.30. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market cap of $1,759.91, a PE ratio of 10.55, a PEG ratio of 0.75 and a beta of 1.74.
OM Asset Management (NYSE:OMAM) last released its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. OM Asset Management had a net margin of 9.49% and a return on equity of 114.45%. The company had revenue of $228.20 million during the quarter, compared to analysts’ expectations of $220.50 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. analysts predict that OM Asset Management will post 1.58 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.24%. OM Asset Management’s dividend payout ratio is currently 52.94%.
OMAM has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $18.00 price objective on shares of OM Asset Management and gave the company a “buy” rating in a report on Wednesday, October 18th. Citigroup Inc. lifted their price objective on shares of OM Asset Management from $18.50 to $20.00 and gave the company a “buy” rating in a report on Friday, November 3rd. ValuEngine raised shares of OM Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research cut shares of OM Asset Management from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $17.50 price objective on shares of OM Asset Management in a report on Tuesday, September 5th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $18.08.
In other news, CAO Daniel K. Mahoney sold 2,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $15.94, for a total transaction of $31,880.00. Following the completion of the sale, the chief accounting officer now owns 7,493 shares of the company’s stock, valued at $119,438.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.48% of the stock is owned by insiders.
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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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