JPMorgan Chase & Co. reduced its stake in shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,708,237 shares of the asset manager’s stock after selling 5,515 shares during the period. JPMorgan Chase & Co. owned 0.92% of Och-Ziff Capital Management Group worth $4,373,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings in shares of Och-Ziff Capital Management Group by 292.1% during the 1st quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock worth $115,000 after acquiring an additional 37,999 shares during the period. K.J. Harrison & Partners Inc purchased a new position in shares of Och-Ziff Capital Management Group during the 2nd quarter worth about $155,000. Marshall Wace North America L.P. purchased a new position in shares of Och-Ziff Capital Management Group during the 2nd quarter worth about $162,000. Credit Suisse AG purchased a new position in shares of Och-Ziff Capital Management Group during the 1st quarter worth about $226,000. Finally, Searle & CO. lifted its holdings in shares of Och-Ziff Capital Management Group by 65.9% during the 2nd quarter. Searle & CO. now owns 100,700 shares of the asset manager’s stock worth $258,000 after acquiring an additional 40,000 shares during the period. Institutional investors and hedge funds own 17.03% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/10/08/och-ziff-capital-management-group-llc-ozm-stake-decreased-by-jpmorgan-chase-co.html.

OZM has been the topic of several recent analyst reports. BidaskClub upgraded shares of Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $2.50 price objective on shares of Och-Ziff Capital Management Group in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “hold” rating and set a $2.50 price objective on shares of Och-Ziff Capital Management Group in a report on Wednesday, June 28th. Finally, Zacks Investment Research lowered shares of Och-Ziff Capital Management Group from a “strong-buy” rating to a “hold” rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $3.20.

Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) opened at 3.65 on Friday. The firm’s market cap is $676.05 million. The company’s 50-day moving average is $3.04 and its 200-day moving average is $2.68. Och-Ziff Capital Management Group LLC has a 52-week low of $2.15 and a 52-week high of $3.87.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its quarterly earnings results on Wednesday, August 2nd. The asset manager reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.08. The business had revenue of $148.95 million during the quarter, compared to analyst estimates of $90.65 million. Och-Ziff Capital Management Group had a negative return on equity of 55.73% and a net margin of 4.46%. During the same period in the previous year, the company earned $0.06 EPS. Equities research analysts forecast that Och-Ziff Capital Management Group LLC will post $0.55 earnings per share for the current fiscal year.

About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

Institutional Ownership by Quarter for Och-Ziff Capital Management Group (NYSE:OZM)

Receive News & Stock Ratings for Och-Ziff Capital Management Group LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Och-Ziff Capital Management Group LLC and related stocks with our FREE daily email newsletter.