Oaktree Capital Group, LLC (NYSE:OAK) has received an average recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $49.50.

A number of research firms have issued reports on OAK. Zacks Investment Research lowered Oaktree Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. BidaskClub raised Oaktree Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. The Goldman Sachs Group, Inc. lowered 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 research report on Friday, July 28th. Morgan Stanley increased their price target on Oaktree Capital Group from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 price target on shares of Oaktree Capital Group in a research report on Sunday, July 30th.

Oaktree Capital Group (OAK) remained flat at $$42.40 on Monday. The stock had a trading volume of 176,384 shares, compared to its average volume of 223,956. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market cap of $6,630.00, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.88 and a beta of 0.61. Oaktree Capital Group has a 12-month low of $36.95 and a 12-month high of $48.50.

Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. The company had revenue of $304.80 million for the quarter, compared to analyst estimates of $281.61 million. Oaktree Capital Group had a return on equity of 18.88% and a net margin of 19.04%. Oaktree Capital Group’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. research analysts anticipate that Oaktree Capital Group will post 3.85 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Monday, November 6th were issued a $0.56 dividend. The ex-dividend date was Friday, November 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.28%. Oaktree Capital Group’s payout ratio is currently 51.49%.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors increased its holdings in shares of Oaktree Capital Group by 426.5% in the 2nd quarter. Capital World Investors now owns 1,466,824 shares of the asset manager’s stock valued at $68,354,000 after acquiring an additional 1,188,224 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Oaktree Capital Group by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,389,230 shares of the asset manager’s stock valued at $65,016,000 after acquiring an additional 67,825 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Oaktree Capital Group by 958.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,159,853 shares of the asset manager’s stock valued at $54,048,000 after acquiring an additional 1,050,259 shares during the last quarter. Markel Corp increased its holdings in shares of Oaktree Capital Group by 4.2% in the 3rd quarter. Markel Corp now owns 886,500 shares of the asset manager’s stock valued at $41,710,000 after acquiring an additional 36,000 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Oaktree Capital Group by 9.4% in the 3rd quarter. Mackenzie Financial Corp now owns 820,092 shares of the asset manager’s stock valued at $38,585,000 after acquiring an additional 70,421 shares during the last quarter. Institutional investors and hedge funds own 21.97% of the company’s stock.

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.

Analyst Recommendations for Oaktree Capital Group (NYSE:OAK)

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