Jefferies Group LLC Reaffirms “Hold” Rating for Oaktree Capital Group, LLC (NYSE:OAK)

Jefferies Group LLC reiterated their hold rating on shares of Oaktree Capital Group, LLC (NYSE:OAK) in a research report report published on Sunday, July 30th. They currently have a $49.00 price objective on the asset manager’s stock. Jefferies Group also issued estimates for Oaktree Capital Group’s Q3 2017 earnings at $0.55 EPS, Q4 2017 earnings at $0.67 EPS and FY2017 earnings at $3.81 EPS.

Several other analysts have also recently weighed in on OAK. BidaskClub cut shares of Oaktree Capital Group from a buy rating to a hold rating in a research note on Thursday, July 6th. Morgan Stanley reiterated an overweight rating and issued a $54.00 price objective (down previously from $56.00) on shares of Oaktree Capital Group in a research note on Monday, July 10th. Goldman Sachs Group, Inc. (The) cut shares of Oaktree Capital Group from a buy rating to a neutral rating and dropped their price objective for the stock from $50.00 to $49.00 in a research note on Friday, July 28th. Deutsche Bank AG lifted their price objective on shares of Oaktree Capital Group from $44.00 to $45.00 and gave the stock a hold rating in a research note on Friday, April 28th. Finally, TheStreet upgraded shares of Oaktree Capital Group from a c+ rating to a b- rating in a research note on Monday, April 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Oaktree Capital Group has a consensus rating of Hold and an average price target of $47.50.

Shares of Oaktree Capital Group (NYSE OAK) opened at 46.55 on Friday. Oaktree Capital Group has a 1-year low of $36.95 and a 1-year high of $48.50. The company has a market cap of $2.99 billion, a PE ratio of 10.16 and a beta of 0.60. The company has a 50-day moving average of $47.34 and a 200-day moving average of $45.90.

Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, July 27th. The asset manager reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.26. Oaktree Capital Group had a net margin of 19.17% and a return on equity of 20.11%. The business had revenue of $704.36 million during the quarter, compared to analysts’ expectations of $592.84 million. During the same quarter in the previous year, the company earned $0.79 EPS. Equities analysts forecast that Oaktree Capital Group will post $3.89 EPS for the current year.

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The company also recently announced a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, August 7th were issued a $1.31 dividend. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.71. This represents a $5.24 annualized dividend and a yield of 11.26%. The ex-dividend date of this dividend was Thursday, August 3rd. Oaktree Capital Group’s dividend payout ratio (DPR) is currently 114.66%.

In related news, Director Oaktree Capital Group Holdings sold 10,000,000 shares of Oaktree Capital Group stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $5.66, for a total transaction of $56,600,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ocm Growth Holdings Llc purchased 909,443 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were bought at an average cost of $15.00 per share, for a total transaction of $13,641,645.00. The disclosure for this purchase can be found here.

Large investors have recently made changes to their positions in the stock. Alps Advisors Inc. raised its stake in shares of Oaktree Capital Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,846 shares of the asset manager’s stock valued at $505,000 after buying an additional 28 shares during the period. Capital Investment Advisors LLC raised its stake in shares of Oaktree Capital Group by 0.5% in the second quarter. Capital Investment Advisors LLC now owns 19,714 shares of the asset manager’s stock valued at $919,000 after buying an additional 107 shares during the period. Financial Architects Inc raised its stake in shares of Oaktree Capital Group by 2.9% in the first quarter. Financial Architects Inc now owns 4,747 shares of the asset manager’s stock valued at $215,000 after buying an additional 135 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Oaktree Capital Group by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 10,798 shares of the asset manager’s stock valued at $489,000 after buying an additional 196 shares during the period. Finally, Walter & Keenan Financial Consulting Co. MI ADV raised its stake in shares of Oaktree Capital Group by 1.3% in the first quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 15,900 shares of the asset manager’s stock valued at $720,000 after buying an additional 200 shares during the period. 23.23% of the stock is currently owned by institutional investors.

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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