Trade Report: Today, OM Asset Management PLC’s (OMAM) Buy Rating Reiterated at Credit Suisse Group AG

Today, OM Asset Management PLC’s (OMAM) Buy Rating Reiterated at Credit Suisse Group AG

OM Asset Management PLC (NYSE:OMAM)‘s stock had its “buy” rating reissued by analysts at Credit Suisse Group AG in a research report issued on Monday. They currently have a $15.00 price target on the stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 1.28% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Citigroup Inc. reaffirmed a “buy” rating on shares of OM Asset Management PLC in a research note on Tuesday, October 18th. Zacks Investment Research raised shares of OM Asset Management PLC from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, August 9th. Keefe, Bruyette & Woods set a $17.50 target price on shares of OM Asset Management PLC and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, Morgan Stanley set a $15.00 target price on shares of OM Asset Management PLC and gave the stock a “hold” rating in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. OM Asset Management PLC currently has a consensus rating of “Hold” and an average price target of $16.50.

Shares of OM Asset Management PLC (NYSE:OMAM) remained flat at $14.81 on Monday. The company had a trading volume of 45,653 shares. The stock has a market capitalization of $1.78 billion, a PE ratio of 12.92 and a beta of 1.82. OM Asset Management PLC has a 12 month low of $10.27 and a 12 month high of $16.48. The company’s 50-day moving average is $13.94 and its 200 day moving average is $13.84.

OM Asset Management PLC (NYSE:OMAM) last announced its earnings results on Wednesday, November 2nd. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company earned $175.80 million during the quarter, compared to analyst estimates of $184.40 million. OM Asset Management PLC had a net margin of 21.55% and a return on equity of 76.82%. OM Asset Management PLC’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. Analysts forecast that OM Asset Management PLC will post $1.20 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $0.32 annualized dividend and a yield of 2.16%. OM Asset Management PLC’s dividend payout ratio (DPR) is 27.83%.

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in shares of OM Asset Management PLC by 34.1% in the second quarter. Bank of New York Mellon Corp now owns 133,008 shares of the company’s stock valued at $1,776,000 after buying an additional 33,845 shares during the period. Lucus Advisors LLC purchased a new stake in shares of OM Asset Management PLC during the second quarter valued at $349,000. UBS Group AG boosted its stake in shares of OM Asset Management PLC by 2,550.9% in the first quarter. UBS Group AG now owns 95,089 shares of the company’s stock valued at $1,270,000 after buying an additional 91,502 shares during the period. Strs Ohio boosted its stake in shares of OM Asset Management PLC by 3.9% in the third quarter. Strs Ohio now owns 53,000 shares of the company’s stock valued at $737,000 after buying an additional 2,000 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of OM Asset Management PLC by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 1,189,603 shares of the company’s stock valued at $15,881,000 after buying an additional 4,800 shares during the period. 33.45% of the stock is currently owned by hedge funds and other institutional investors.

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