Keefe Bruyette & Woods Maintains OM Asset Management PLC to Outperform with Price Target $17.50

Brokerage firm Keefe Bruyette & Woods Maintains its rating on OM Asset Management PLC(NYSE:OMAM). In a research note issued to the investors, the brokerage major Lowers the price-target to $17.50 per share. The shares have been rated Outperform. The rating by Keefe Bruyette & Woods was issued on Aug 5, 2016.

In a different note, On Jun 15, 2016, Citigroup said it Maintains its rating on OM Asset Management PLC. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Buy’ by the firm.

OM Asset Management PLC (OMAM) shares turned negative on Wednesdays trading session with the shares closing down -0.03 points or -0.22% at a volume of 2,61,659. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.68. The peak price level was also seen at $13.68 while the days lowest was $13.42. Finally the shares closed at $13.55. The 52-week high of the shares is $17.88 while the 52-week low is $10.27. According to the latest information available, the market cap of the company is $1,628 M.

OM Asset Management PLC(OMAM) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $160.00M. Analysts had an estimated revenue of $160.49M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.29.

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