Oaktree Capital Group LLC (NYSE:OAK) has earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $49.75.

Several research analysts recently commented on the stock. Barclays PLC downgraded shares of Oaktree Capital Group from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $45.00 to $38.00 in a research note on Thursday, October 13th. Zacks Investment Research raised shares of Oaktree Capital Group from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Thursday, September 29th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Oaktree Capital Group in a research note on Tuesday, September 20th.

Shares of Oaktree Capital Group (NYSE:OAK) opened at 40.75 on Wednesday. The stock has a 50 day moving average of $40.59 and a 200 day moving average of $43.80. The stock has a market cap of $2.56 billion, a P/E ratio of 16.84 and a beta of 0.50. Oaktree Capital Group has a one year low of $38.66 and a one year high of $50.15.

Oaktree Capital Group (NYSE:OAK) last issued its earnings results on Friday, October 28th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.67 by $0.25. The firm earned $365.01 million during the quarter, compared to analysts’ expectations of $313.59 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was up 99.7% compared to the same quarter last year. On average, analysts forecast that Oaktree Capital Group will post $2.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, November 7th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date was Thursday, November 3rd. This is a boost from Oaktree Capital Group’s previous quarterly dividend of $0.58.

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Several hedge funds have recently made changes to their positions in OAK. Bank of New York Mellon Corp boosted its stake in shares of Oaktree Capital Group by 31.9% in the third quarter. Bank of New York Mellon Corp now owns 1,483,470 shares of the company’s stock worth $62,900,000 after buying an additional 358,371 shares during the period. Morgan Stanley boosted its stake in shares of Oaktree Capital Group by 21.2% in the third quarter. Morgan Stanley now owns 1,577,556 shares of the company’s stock worth $66,888,000 after buying an additional 275,678 shares during the period. Alps Advisors Inc. acquired a new stake in shares of Oaktree Capital Group during the third quarter worth approximately $6,796,000. Global Endowment Management LP boosted its stake in shares of Oaktree Capital Group by 20.3% in the third quarter. Global Endowment Management LP now owns 712,340 shares of the company’s stock worth $30,203,000 after buying an additional 120,000 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Oaktree Capital Group by 10.2% in the second quarter. JPMorgan Chase & Co. now owns 1,291,635 shares of the company’s stock worth $57,813,000 after buying an additional 119,493 shares during the period.

About Oaktree Capital Group

Oaktree Capital Group, LLC (Oaktree) is a global investment manager specializing in alternative investments. 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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