Oaktree Capital Group LLC (NYSE:OAK) has earned an average rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $45.25.

Several analysts have issued reports on OAK shares. ValuEngine raised Oaktree Capital Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. JPMorgan Chase & Co. increased their target price on Oaktree Capital Group from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 24th. Morgan Stanley increased their target price on Oaktree Capital Group from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, November 14th. Deutsche Bank dropped their target price on Oaktree Capital Group from $41.00 to $39.00 and set a “hold” rating on the stock in a research report on Friday, November 16th. Finally, TheStreet raised Oaktree Capital Group from a “c+” rating to a “b-” rating in a research report on Thursday, November 15th.

In other Oaktree Capital Group news, Director Ocm Growth Holdings Llc acquired 2,192,658 shares of the stock in a transaction dated Wednesday, January 2nd. The stock was purchased at an average price of $15.19 per share, with a total value of $33,306,475.02. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Oaktree Capital Group Holdings acquired 82,639 shares of the stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average cost of $4.64 per share, with a total value of $383,444.96. The disclosure for this purchase can be found here. Insiders have acquired a total of 4,546,846 shares of company stock worth $43,786,015 in the last ninety days.

Several institutional investors have recently bought and sold shares of OAK. FMR LLC boosted its position in shares of Oaktree Capital Group by 30.3% in the 2nd quarter. FMR LLC now owns 4,571,510 shares of the asset manager’s stock worth $185,832,000 after purchasing an additional 1,061,900 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Oaktree Capital Group by 51.1% in the 4th quarter. Mackenzie Financial Corp now owns 2,736,011 shares of the asset manager’s stock worth $108,756,000 after purchasing an additional 925,604 shares in the last quarter. Royce & Associates LP lifted its position in Oaktree Capital Group by 185.2% during the 3rd quarter. Royce & Associates LP now owns 966,979 shares of the asset manager’s stock worth $40,033,000 after acquiring an additional 627,972 shares during the period. Bank of Montreal Can lifted its position in Oaktree Capital Group by 180.5% during the 4th quarter. Bank of Montreal Can now owns 186,475 shares of the asset manager’s stock worth $7,413,000 after acquiring an additional 120,000 shares during the period. Finally, First Republic Investment Management Inc. lifted its position in Oaktree Capital Group by 59.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 214,025 shares of the asset manager’s stock worth $8,861,000 after acquiring an additional 79,390 shares during the period. 27.16% of the stock is owned by hedge funds and other institutional investors.

NYSE OAK traded up $0.19 during midday trading on Wednesday, hitting $42.73. 864 shares of the company traded hands, compared to its average volume of 189,209. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 2.60. The stock has a market capitalization of $6.68 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.14 and a beta of 0.53. Oaktree Capital Group has a 52 week low of $38.65 and a 52 week high of $43.40.

Oaktree Capital Group (NYSE:OAK) last announced its earnings results on Tuesday, February 5th. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $290.17 million for the quarter, compared to analysts’ expectations of $244.20 million. Oaktree Capital Group had a return on equity of 16.30% and a net margin of 16.12%. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. On average, equities analysts predict that Oaktree Capital Group will post 3.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, February 15th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 7.02%. The ex-dividend date is Thursday, February 14th. This is a boost from Oaktree Capital Group’s previous quarterly dividend of $0.70. Oaktree Capital Group’s dividend payout ratio (DPR) is 106.46%.

Oaktree Capital Group Company Profile

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.

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Analyst Recommendations for Oaktree Capital Group (NYSE:OAK)

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