Analysts Set Oaktree Capital Group LLC (OAK) Price Target at $49.50

Oaktree Capital Group LLC (NYSE:OAK) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $49.50.

OAK has been the subject of several research reports. TheStreet downgraded Oaktree Capital Group from a “b-” rating to a “c+” rating in a report on Friday, November 17th. Zacks Investment Research downgraded Oaktree Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th.

Oaktree Capital Group (NYSE:OAK) traded down $0.35 during trading on Friday, hitting $42.75. The stock had a trading volume of 264,548 shares, compared to its average volume of 224,411. Oaktree Capital Group has a fifty-two week low of $36.95 and a fifty-two week 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 cap of $6,732.87, a P/E ratio of 10.34, a P/E/G ratio of 0.89 and a beta of 0.57.

Oaktree Capital Group (NYSE:OAK) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.67 earnings per share for the quarter, beating 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 business had revenue of $304.80 million during the quarter, compared to the consensus estimate of $281.61 million. During the same period in the previous year, the business earned $0.92 EPS. The business’s quarterly revenue was down 16.5% on a year-over-year basis. sell-side analysts forecast that Oaktree Capital Group will post 3.86 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of OAK. Bronfman E.L. Rothschild L.P. purchased a new stake in Oaktree Capital Group during the 2nd quarter valued at approximately $110,000. Stelac Advisory Services LLC purchased a new stake in Oaktree Capital Group during the 3rd quarter valued at approximately $113,000. Penserra Capital Management LLC raised its stake in Oaktree Capital Group by 10.0% during the 2nd 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 last quarter. US Bancorp DE raised its stake in Oaktree Capital Group by 59.2% during the 2nd 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 last quarter. Finally, IFP Advisors Inc raised its stake in Oaktree Capital Group by 698.4% during the 3rd 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 last quarter. 22.60% of the stock is owned by institutional investors and hedge funds.

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About Oaktree Capital Group

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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