Oaktree Capital Group LLC Unit (NYSE:OAK) – Stock analysts at Oppenheimer increased their Q3 2019 EPS estimates for Oaktree Capital Group LLC Unit in a research report issued on Wednesday, April 10th. Oppenheimer analyst C. Kotowski now expects that the asset manager will earn $0.77 per share for the quarter, up from their previous estimate of $0.60. Oppenheimer also issued estimates for Oaktree Capital Group LLC Unit’s FY2019 earnings at $3.66 EPS and FY2020 earnings at $3.89 EPS.

Other research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Zacks Investment Research upgraded shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Thursday, March 7th. Morgan Stanley lowered shares of Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Co upped their price objective on shares of Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the stock a “market perform” rating in a research note on Thursday, March 14th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Oaktree Capital Group LLC Unit currently has an average rating of “Hold” and a consensus target price of $46.50.

NYSE OAK opened at $50.35 on Monday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $7.85 billion, a PE ratio of 19.14, a P/E/G ratio of 1.39 and a beta of 0.54. Oaktree Capital Group LLC Unit has a 12 month low of $38.65 and a 12 month high of $50.46.

Oaktree Capital Group LLC Unit (NYSE:OAK) last posted its quarterly earnings results on Tuesday, February 5th. The asset manager reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The firm had revenue of $290.17 million for the quarter, compared to analysts’ expectations of $244.20 million. Oaktree Capital Group LLC Unit had a net margin of 16.12% and a return on equity of 16.17%. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share.

A number of large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. lifted its stake in Oaktree Capital Group LLC Unit by 2.4% in the fourth quarter. D.A. Davidson & CO. now owns 16,915 shares of the asset manager’s stock worth $672,000 after acquiring an additional 392 shares during the period. North Star Investment Management Corp. lifted its stake in Oaktree Capital Group LLC Unit by 9.2% in the first quarter. North Star Investment Management Corp. now owns 5,460 shares of the asset manager’s stock worth $271,000 after acquiring an additional 460 shares during the period. Cordasco Financial Network purchased a new stake in Oaktree Capital Group LLC Unit in the first quarter worth about $35,000. Carroll Financial Associates Inc. purchased a new stake in Oaktree Capital Group LLC Unit in the fourth quarter worth about $33,000. Finally, DDD Partners LLC lifted its stake in Oaktree Capital Group LLC Unit by 2.2% in the fourth quarter. DDD Partners LLC now owns 41,468 shares of the asset manager’s stock worth $1,648,000 after acquiring an additional 900 shares during the period. 28.20% of the stock is owned by institutional investors.

In other Oaktree Capital Group LLC Unit news, major shareholder Oaktree Capital Group Holdings acquired 77,065 shares of the stock in a transaction that occurred on Friday, March 29th. The stock was bought at an average cost of $4.57 per share, with a total value of $352,187.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders purchased 147,938 shares of company stock valued at $675,376.

Oaktree Capital Group LLC Unit 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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Earnings History and Estimates for Oaktree Capital Group LLC Unit (NYSE:OAK)

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