Oaktree Capital Group, LLC (OAK) Vice Chairman John Frank Sells 16,666 Shares

Oaktree Capital Group, LLC (NYSE:OAK) Vice Chairman John Frank sold 16,666 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $46.72, for a total transaction of $778,635.52. Following the completion of the sale, the insider now owns 41,667 shares of the company’s stock, valued at $1,946,682.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Oaktree Capital Group, LLC (NYSE:OAK) traded down 0.43% during midday trading on Monday, reaching $46.40. 156,625 shares of the company’s stock were exchanged. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 10.12 and a beta of 0.60. Oaktree Capital Group, LLC has a 52 week low of $36.95 and a 52 week high of $48.50. The firm has a 50-day moving average price of $47.26 and a 200 day moving average price of $46.08.

Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.26. Oaktree Capital Group had a net margin of 19.17% and a return on equity of 20.11%. The company had revenue of $704.36 million during the quarter, compared to the consensus estimate of $592.84 million. During the same quarter last year, the firm posted $0.79 EPS. Analysts anticipate that Oaktree Capital Group, LLC will post $3.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 11.29%. The ex-dividend date was Thursday, August 3rd. This is an increase from Oaktree Capital Group’s previous quarterly dividend of $0.71. Oaktree Capital Group’s dividend payout ratio (DPR) is 114.66%.

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A number of research firms have issued reports on OAK. Morgan Stanley upped their price target on shares of Oaktree Capital Group from $54.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of Oaktree Capital Group from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Jefferies Group LLC restated a “hold” rating and set a $49.00 price target on shares of Oaktree Capital Group in a report on Sunday, July 30th. Deutsche Bank AG upped their price target on shares of Oaktree Capital Group from $44.00 to $45.00 and gave the company a “hold” rating in a report on Friday, April 28th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $49.00 in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $47.50.

Hedge funds have recently made changes to their positions in the company. Morgan Stanley increased its stake in shares of Oaktree Capital Group by 24.9% in the first quarter. Morgan Stanley now owns 1,984,724 shares of the asset manager’s stock valued at $89,908,000 after buying an additional 395,918 shares during the last quarter. Capital World Investors increased its stake in shares of Oaktree Capital Group by 426.5% in the second quarter. Capital World Investors now owns 1,466,824 shares of the asset manager’s stock valued at $68,354,000 after buying an additional 1,188,224 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Oaktree Capital Group by 958.3% in the second quarter. Principal Financial Group Inc. now owns 1,159,853 shares of the asset manager’s stock valued at $54,048,000 after buying an additional 1,050,259 shares during the last quarter. Edge Asset Management Inc. increased its stake in shares of Oaktree Capital Group by 13.2% in the first quarter. Edge Asset Management Inc. now owns 1,032,699 shares of the asset manager’s stock valued at $46,781,000 after buying an additional 120,230 shares during the last quarter. Finally, Markel Corp increased its stake in shares of Oaktree Capital Group by 16.4% in the second quarter. Markel Corp now owns 850,500 shares of the asset manager’s stock valued at $39,633,000 after buying an additional 120,000 shares during the last quarter. 23.96% of the stock is owned by institutional investors and hedge funds.

About Oaktree Capital Group

Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.

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