Oaktree Capital Group, LLC (OAK) Holdings Reduced by Toronto Dominion Bank
Toronto Dominion Bank cut its holdings in shares of Oaktree Capital Group, LLC (NYSE:OAK) by 59.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,000 shares of the asset manager’s stock after selling 158,334 shares during the quarter. Toronto Dominion Bank owned approximately 0.07% of Oaktree Capital Group worth $4,987,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. bought a new stake in Oaktree Capital Group during the second quarter valued at about $110,000. Penserra Capital Management LLC raised its holdings 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 valued at $115,000 after acquiring an additional 224 shares during the period. US Bancorp DE raised its holdings in Oaktree Capital Group by 59.2% during the second quarter. US Bancorp DE now owns 3,025 shares of the asset manager’s stock valued at $141,000 after acquiring an additional 1,125 shares during the period. IFP Advisors Inc raised its holdings in Oaktree Capital Group by 698.4% during the third quarter. IFP Advisors Inc now owns 3,545 shares of the asset manager’s stock valued at $167,000 after acquiring an additional 3,101 shares during the period. Finally, MML Investors Services LLC bought a new stake in Oaktree Capital Group during the second quarter valued at about $207,000. 21.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oaktree Capital Group, LLC (OAK) opened at $42.40 on Friday. Oaktree Capital Group, LLC has a twelve month low of $36.95 and a twelve month high of $48.50. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market capitalization of $6,623.52, a PE ratio of 10.17, a PEG ratio of 0.88 and a beta of 0.61.
Oaktree Capital Group (NYSE:OAK) last issued its earnings results on Thursday, October 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.11. Oaktree Capital Group had a return on equity of 18.88% and a net margin of 19.04%. The firm had revenue of $304.80 million for the quarter, compared to analysts’ expectations of $281.61 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue was down 16.5% compared to the same quarter last year. research analysts anticipate that Oaktree Capital Group, LLC will post 3.85 EPS for the current fiscal year.
The company also recently announced 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 annualized dividend and a dividend yield of 5.28%. Oaktree Capital Group’s dividend payout ratio (DPR) is 51.49%.
A number of research firms have commented on OAK. Goldman Sachs Group, Inc. (The) cut Oaktree Capital Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $49.00 in a report on Friday, July 28th. BidaskClub cut Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Morgan Stanley lifted their target price on Oaktree Capital Group from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 target price on shares of Oaktree Capital Group in a report on Sunday, July 30th. Finally, Zacks Investment Research cut Oaktree Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $49.50.
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Oaktree Capital Group Company 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.
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