Janney Montgomery Scott LLC cut its position in Oaktree Capital Group, LLC (NYSE:OAK) by 33.1% during the second quarter, Holdings Channel reports. The institutional investor owned 19,091 shares of the asset manager’s stock after selling 9,465 shares during the period. Janney Montgomery Scott LLC’s holdings in Oaktree Capital Group were worth $890,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Investment Advisors LLC increased its position in Oaktree Capital Group by 0.5% in the second quarter. Capital Investment Advisors LLC now owns 19,714 shares of the asset manager’s stock worth $919,000 after buying an additional 107 shares in the last quarter. Financial Architects Inc increased its position in shares of Oaktree Capital Group by 2.9% in the first quarter. Financial Architects Inc now owns 4,747 shares of the asset manager’s stock valued at $215,000 after buying an additional 135 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Oaktree Capital Group by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 10,798 shares of the asset manager’s stock valued at $489,000 after buying an additional 196 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV increased its position in shares of Oaktree Capital Group by 1.3% in the first quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 15,900 shares of the asset manager’s stock valued at $720,000 after buying an additional 200 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Oaktree Capital Group by 4.6% in the first quarter. Envestnet Asset Management Inc. now owns 5,344 shares of the asset manager’s stock valued at $243,000 after buying an additional 234 shares during the period. 23.96% of the stock is owned by hedge funds and other institutional investors.

Shares of Oaktree Capital Group, LLC (NYSE:OAK) opened at 46.35 on Tuesday. The company’s 50 day moving average is $47.30 and its 200-day moving average is $46.00. The company has a market capitalization of $2.97 billion, a PE ratio of 10.11 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.

Oaktree Capital Group (NYSE:OAK) last announced its earnings results on Thursday, July 27th. The asset manager reported $1.73 EPS for the quarter, topping the consensus estimate of $1.47 by $0.26. The company had revenue of $704.36 million for the quarter, compared to analysts’ expectations of $592.84 million. Oaktree Capital Group had a return on equity of 20.11% and a net margin of 19.17%. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, analysts expect that Oaktree Capital Group, LLC will post $3.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 11.31%. The ex-dividend date of this dividend was Thursday, August 3rd. This is a boost from Oaktree Capital Group’s previous quarterly dividend of $0.71. Oaktree Capital Group’s dividend payout ratio is presently 114.66%.

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OAK has been the subject of several analyst reports. Deutsche Bank AG boosted 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. Jefferies Group LLC initiated coverage on shares of Oaktree Capital Group in a report on Wednesday, June 28th. They set a “hold” rating and a $49.00 price target for the company. BidaskClub downgraded shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Morgan Stanley reissued an “overweight” rating and set a $54.00 price target (down previously from $56.00) on shares of Oaktree Capital Group in a report on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $49.00 in a report on Friday, July 28th. One research 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 an average rating of “Hold” and an average price target of $47.50.

In other news, Director Ocm Growth Holdings Llc purchased 909,443 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were acquired at an average price of $15.00 per share, for a total transaction of $13,641,645.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Oaktree Capital Group Holdings sold 10,000,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $5.66, for a total value of $56,600,000.00. The disclosure for this sale can be found here.

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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Institutional Ownership by Quarter for Oaktree Capital Group (NYSE:OAK)

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