Citigroup Maintains OM Asset Management PLC to Buy with Price Target $20.00

Brokerage firm Citigroup Maintains its rating on OM Asset Management PLC(NYSE:OMAM). In a research note issued to the investors, the brokerage major Raises the price-target to $20.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Jun 15, 2016.

OM Asset Management PLC (OMAM) made into the market gainers list on Tuesdays trading session with the shares advancing 1.76% or 0.25 points. Due to strong positive momentum, the stock ended at $14.46, which is also near the day’s high of $14.7. The stock began the session at $14.33 and the volume stood at 2,37,206 shares. The 52-week high of the shares is $18.55 and the 52 week low is $10.27. The company has a current market capitalization of $1,738 M and it has 12,02,03,522 shares in outstanding.

OM Asset Management PLC(OMAM) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $152.90M. Analysts had an estimated revenue of $155.47M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.27.

Several Insider Transactions has been reported to the SEC. On Apr 20, 2016, Peter L Bain (Chief Executive Officer) sold 29,375 shares at $13.72 per share price.Also, On Apr 20, 2016, Christopher Hadley (EVP/ Chief Talent Officer) sold 708 shares at $13.72 per share price.On Apr 20, 2016, Aidan J Riordan (EVP/Head of Affiliate Mngmt) sold 4,306 shares at $13.72 per share price, according to the Form-4 filing with the securities and exchange commission.

OM Asset Management plc is a multi-boutique asset management company. The Company operates its business through its seven affiliate firms (Affiliates). Its Affiliates include Acadian Asset Management LLC a manager of global and international equity fixed income and alternative strategies; Barrow Hanley Mewhinney & Strauss LLC an investment manager of the United States international and global equities fixed income and a range of balanced investment management strategies; Campbell Global LLC a timber and natural resource investment manager; Copper Rock Capital Partners LLC an equity investment manager of small-cap international and global markets equity strategies; Heitman LLC a real estate investment manager; Investment Counselors of Maryland LLC a domestic equity manager and Thompson Siegel & Walmsley LLC an investment manager. Its affiliates offer a range of products in the United States markets equities and alternative investments including timber and real estate.

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