Oaktree Capital Group, LLC (NYSE:OAK) has been given an average recommendation of “Hold” by the nine research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $49.50.
OAK has been the topic of several analyst reports. BidaskClub downgraded Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) downgraded Oaktree Capital Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $49.00 in a report on Friday, July 28th. Jefferies Group LLC restated a “hold” rating and set a $49.00 price objective on shares of Oaktree Capital Group in a report on Sunday, July 30th. Morgan Stanley lifted their price objective on Oaktree Capital Group from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research downgraded Oaktree Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th.
Oaktree Capital Group (NYSE OAK) traded up $0.20 during mid-day trading on Monday, reaching $42.40. The company’s stock had a trading volume of 165,449 shares, compared to its average volume of 224,170. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 2.37. Oaktree Capital Group has a 52 week low of $36.95 and a 52 week high of $48.50. The stock has a market cap of $6,630.00, a P/E ratio of 10.19, a PEG ratio of 0.88 and a beta of 0.61.
Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.11. Oaktree Capital Group had a return on equity of 18.88% and a net margin of 19.04%. The company had revenue of $304.80 million for the quarter, compared to the consensus estimate of $281.61 million. During the same period in the previous year, the business earned $0.92 EPS. Oaktree Capital Group’s revenue for the quarter was down 16.5% compared to the same quarter last year. equities research analysts anticipate that Oaktree Capital Group will post 3.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Monday, November 6th were given a $0.56 dividend. The ex-dividend date was Friday, November 3rd. This represents a $2.24 annualized dividend and a dividend yield of 5.28%. Oaktree Capital Group’s payout ratio is 51.49%.
In other news, Vice Chairman John Frank sold 16,666 shares of Oaktree Capital Group stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $46.72, for a total value of $778,635.52. Following the completion of the transaction, the insider now owns 41,667 shares in the company, valued at approximately $1,946,682.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Several institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in Oaktree Capital Group during the 1st quarter valued at approximately $103,000. Bronfman E.L. Rothschild L.P. acquired a new position in Oaktree Capital Group during the 2nd quarter valued at approximately $110,000. Stelac Advisory Services LLC acquired a new position in Oaktree Capital Group during the 3rd quarter valued at approximately $113,000. Penserra Capital Management LLC boosted its position in Oaktree Capital Group by 10.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,471 shares of the asset manager’s stock valued at $115,000 after purchasing an additional 224 shares during the period. Finally, US Bancorp DE boosted its position in Oaktree Capital Group by 59.2% during the 2nd quarter. US Bancorp DE now owns 3,025 shares of the asset manager’s stock valued at $141,000 after purchasing an additional 1,125 shares during the period. Institutional investors own 21.97% of the company’s stock.
Oaktree Capital Group Company Profile
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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