Oaktree Capital Group, LLC (NYSE:OAK) – Equities research analysts at Oppenheimer Holdings issued their Q1 2018 EPS estimates for Oaktree Capital Group in a note issued to investors on Thursday. Oppenheimer Holdings analyst L. Rudary expects that the asset manager will post earnings of $0.84 per share for the quarter. Oppenheimer Holdings also issued estimates for Oaktree Capital Group’s Q3 2018 earnings at $0.94 EPS and Q4 2018 earnings at $0.99 EPS.
OAK has been the topic of several other research reports. Morgan Stanley reiterated an “overweight” rating and set a $54.00 price target (down previously from $56.00) on shares of Oaktree Capital Group in a report on Monday, July 10th. BidaskClub upgraded shares of Oaktree Capital Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Goldman Sachs Group, Inc. (The) downgraded shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $49.00 in a research note on Friday, July 28th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $49.00 price objective on shares of Oaktree Capital Group in a research note on Sunday, July 30th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $49.50.
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Shares of Oaktree Capital Group (OAK) traded down 0.163% on Monday, hitting $45.975. 84,153 shares of the stock traded hands. Oaktree Capital Group has a 12-month low of $36.95 and a 12-month high of $48.50. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 10.032 and a beta of 0.59. The stock has a 50-day moving average price of $46.70 and a 200 day moving average price of $46.61.
Oaktree Capital Group (NYSE:OAK) last announced its earnings results on Thursday, October 26th. The asset manager reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.11. The business had revenue of $304.80 million during the quarter, compared to the consensus estimate of $281.61 million. Oaktree Capital Group had a net margin of 19.04% and a return on equity of 18.97%. The business’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of OAK. Capital World Investors boosted its stake in Oaktree Capital Group by 426.5% during the second quarter. Capital World Investors now owns 1,466,824 shares of the asset manager’s stock worth $68,354,000 after buying an additional 1,188,224 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Oaktree Capital Group by 958.3% during the second quarter. Principal Financial Group Inc. now owns 1,159,853 shares of the asset manager’s stock worth $54,048,000 after buying an additional 1,050,259 shares in the last quarter. Ardevora Asset Management LLP acquired a new stake in Oaktree Capital Group during the second quarter worth $34,596,000. Bank of Montreal Can boosted its stake in Oaktree Capital Group by 341.7% during the second quarter. Bank of Montreal Can now owns 288,785 shares of the asset manager’s stock worth $13,458,000 after buying an additional 223,400 shares in the last quarter. Finally, Westpac Banking Corp acquired a new stake in Oaktree Capital Group during the second quarter worth $5,760,000. Hedge funds and other institutional investors own 21.89% of the company’s stock.
In other Oaktree Capital Group news, Director Oaktree Capital Group Holdings sold 10,000,000 shares of Oaktree Capital Group stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman John Frank sold 16,666 shares of Oaktree Capital Group stock in a transaction on Friday, August 18th. The stock was sold at an average price of $46.72, for a total transaction of $778,635.52. Following the sale, the insider now owns 41,667 shares in the company, valued at approximately $1,946,682.24. The disclosure for this sale can be found here.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Monday, November 6th will be paid a $0.56 dividend. The ex-dividend date is Friday, November 3rd. This represents a $2.24 annualized dividend and a dividend yield of 4.86%. Oaktree Capital Group’s payout ratio is 120.46%.
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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