Neuberger Berman Group LLC decreased its holdings in shares of Oaktree Capital Group, LLC (NYSE:OAK) by 17.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,696 shares of the asset manager’s stock after selling 46,870 shares during the quarter. Neuberger Berman Group LLC owned 0.34% of Oaktree Capital Group worth $10,098,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Moon Capital Management LLC raised its stake in Oaktree Capital Group by 6.0% during the second quarter. Moon Capital Management LLC now owns 23,525 shares of the asset manager’s stock worth $1,096,000 after acquiring an additional 1,330 shares in the last quarter. Elgethun Capital Management raised its stake in Oaktree Capital Group by 51.4% during the first quarter. Elgethun Capital Management now owns 27,657 shares of the asset manager’s stock worth $1,253,000 after acquiring an additional 9,389 shares in the last quarter. Edge Asset Management Inc. raised its stake in Oaktree Capital Group by 13.2% during the first quarter. Edge Asset Management Inc. now owns 1,032,699 shares of the asset manager’s stock worth $46,781,000 after acquiring an additional 120,230 shares in the last quarter. Bank of Montreal Can raised its stake in Oaktree Capital Group by 341.7% during the second quarter. Bank of Montreal Can now owns 288,785 shares of the asset manager’s stock worth $13,458,000 after acquiring an additional 223,400 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in Oaktree Capital Group by 10.0% during the second quarter. Penserra Capital Management LLC now owns 2,471 shares of the asset manager’s stock worth $115,000 after acquiring an additional 224 shares in the last quarter. 22.54% of the stock is owned by hedge funds and other institutional investors.

In related news, Vice Chairman John Frank sold 16,666 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $46.72, for a total transaction of $778,635.52. Following the transaction, the insider now directly owns 41,667 shares of the company’s stock, valued at approximately $1,946,682.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.

Oaktree Capital Group, LLC (NYSE OAK) opened at 44.85 on Monday. The stock has a 50 day moving average price of $46.67 and a 200 day moving average price of $46.19. The firm has a market cap of $2.88 billion, a P/E ratio of 9.79 and a beta of 0.61. Oaktree Capital Group, LLC has a 1-year low of $36.95 and a 1-year high of $48.50.

Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $1.73 earnings per share for the quarter, beating the Zacks’ 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 period last year, the firm posted $0.79 EPS. On average, analysts anticipate that Oaktree Capital Group, LLC will post $3.89 EPS for the current year.

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Several research analysts have commented on OAK shares. Jefferies Group LLC assumed coverage on Oaktree Capital Group in a research note on Wednesday, June 28th. They set a “hold” rating and a $49.00 target price for the company. BidaskClub downgraded Oaktree Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $54.00 price objective (down previously from $56.00) on shares of Oaktree Capital Group in a research note on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) downgraded Oaktree Capital Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $49.00 in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Oaktree Capital Group currently has an average rating of “Hold” and a consensus target price of $47.50.

Oaktree Capital Group 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.

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

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