Analysts Set Oaktree Capital Group, LLC (OAK) Target Price at $41.50
Oaktree Capital Group, LLC (NYSE:OAK) has earned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $41.50.
OAK has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Oaktree Capital Group from a “c+” rating to a “b-” rating in a report on Monday, April 3rd. Deutsche Bank AG raised 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.
In related news, Director Ocm Growth Holdings Llc bought 909,443 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $13,641,645.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of hedge funds have recently made changes to their positions in OAK. Morgan Stanley boosted 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. Edge Asset Management Inc. boosted 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. Markel Corp boosted its stake in shares of Oaktree Capital Group by 5.0% in the first quarter. Markel Corp now owns 730,500 shares of the asset manager’s stock valued at $33,092,000 after buying an additional 35,000 shares during the last quarter. Thornburg Investment Management Inc. boosted its stake in shares of Oaktree Capital Group by 5.1% in the fourth quarter. Thornburg Investment Management Inc. now owns 714,136 shares of the asset manager’s stock valued at $26,780,000 after buying an additional 34,400 shares during the last quarter. Finally, 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 asset manager’s stock valued at $30,203,000 after buying an additional 120,000 shares during the last quarter. Institutional investors and hedge funds own 22.66% of the company’s stock.
Oaktree Capital Group (NYSE:OAK) remained flat at $47.15 during trading on Monday. 76,931 shares of the stock traded hands. The stock has a market capitalization of $3.03 billion, a P/E ratio of 13.38 and a beta of 0.54. Oaktree Capital Group has a 12 month low of $36.95 and a 12 month high of $48.94. The stock has a 50-day moving average of $46.08 and a 200 day moving average of $43.82.
Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings results on Thursday, April 27th. The asset manager reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. Oaktree Capital Group had a net margin of 19.08% and a return on equity of 17.74%. The business had revenue of $391.20 million for the quarter, compared to analysts’ expectations of $341.84 million. During the same period last year, the business earned $0.49 EPS. The company’s revenue was up 25.0% compared to the same quarter last year. On average, equities analysts predict that Oaktree Capital Group will post $3.76 EPS for the current year.
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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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