News coverage about OM Asset Management (NYSE:OMAM) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog 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 0.16 on Accern’s scale. Accern also gave media coverage about the asset manager an impact score of 45.9454978713518 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Reviewing Pzena Investment Management (PZN) & OM Asset Management (OMAM) (americanbankingnews.com)
- Insider Selling: OM Asset Management PLC (OMAM) EVP Sells 46,357 Shares of Stock (americanbankingnews.com)
- OMAM : Announces Alignment of Global Distribution with Affiliate Management to Support Next Leg of Growth (4-traders.com)
- OMAM Announces Alignment of Global Distribution with Affiliate Management to Support Next Leg of Growth (finance.yahoo.com)
OMAM has been the topic of several research reports. Citigroup increased their target price on OM Asset Management from $18.50 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research raised OM Asset Management from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, November 9th. TheStreet raised OM Asset Management from a “d” rating to a “c” rating in a research note on Monday, October 9th. Royal Bank Of Canada set a $18.00 target price on OM Asset Management and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, BidaskClub raised OM Asset Management from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. OM Asset Management currently has a consensus rating of “Buy” and a consensus price target of $18.08.
OM Asset Management (NYSE:OMAM) last posted its earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. OM Asset Management had a return on equity of 114.45% and a net margin of 9.49%. The firm had revenue of $228.20 million for the quarter, compared to analyst estimates of $220.50 million. During the same quarter in the prior year, the company earned $0.32 EPS. OM Asset Management’s revenue was up 29.8% on a year-over-year basis. analysts forecast that OM Asset Management will post 1.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.25%. The ex-dividend date is Thursday, December 14th. OM Asset Management’s payout ratio is 56.25%.
In other OM Asset Management news, EVP Linda T. Gibson sold 46,357 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $16.46, for a total transaction of $763,036.22. Following the sale, the executive vice president now owns 146,193 shares in the company, valued at approximately $2,406,336.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Daniel K. Mahoney sold 2,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $15.94, for a total value of $31,880.00. Following the sale, the chief accounting officer now owns 7,493 shares in the company, valued at approximately $119,438.42. The disclosure for this sale can be found here. 1.48% of the stock is owned by corporate 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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