Citigroup Boosts Och-Ziff Capital Management Group (NYSE:OZM) Price Target to $35.00

Och-Ziff Capital Management Group (NYSE:OZM) had its price target lifted by Citigroup from $33.00 to $35.00 in a research note published on Tuesday, BenzingaRatingsTable reports. Citigroup currently has a buy rating on the asset manager’s stock.

Several other equities analysts have also recently commented on OZM. ValuEngine cut Valero Energy from a hold rating to a sell rating in a research note on Wednesday, May 8th. Zacks Investment Research cut GENEL ENERGY PL/ADR from a hold rating to a sell rating in a research note on Thursday, July 4th.

Och-Ziff Capital Management Group stock opened at $24.24 on Tuesday. The stock has a market cap of $1.23 billion, a PE ratio of 28.72 and a beta of 1.09. The company has a debt-to-equity ratio of 5.03, a quick ratio of 1.93 and a current ratio of 1.93. The firm’s 50 day simple moving average is $21.18. Och-Ziff Capital Management Group has a 52 week low of $8.60 and a 52 week high of $25.49.

Och-Ziff Capital Management Group (NYSE:OZM) last released its earnings results on Thursday, May 9th. The asset manager reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.38. The company had revenue of $116.98 million during the quarter, compared to analysts’ expectations of $81.23 million. Och-Ziff Capital Management Group had a positive return on equity of 288.89% and a negative net margin of 6.98%. Equities analysts forecast that Och-Ziff Capital Management Group will post 2.39 EPS for the current year.

In other news, CFO Thomas Michael Sipp sold 19,531 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $17.95, for a total transaction of $350,581.45. Following the completion of the transaction, the chief financial officer now directly owns 62,896 shares in the company, valued at approximately $1,128,983.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 58,726 shares of company stock valued at $993,101. Company insiders own 60.59% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM Advisors LLC lifted its stake in Och-Ziff Capital Management Group by 2.7% in the fourth quarter. CWM Advisors LLC now owns 70,392 shares of the asset manager’s stock valued at $65,000 after buying an additional 1,870 shares during the last quarter. Chesapeake Asset Management LLC bought a new stake in Och-Ziff Capital Management Group in the first quarter valued at $192,000. Algebris UK Ltd lifted its stake in Och-Ziff Capital Management Group by 4.3% in the fourth quarter. Algebris UK Ltd now owns 2,488,995 shares of the asset manager’s stock valued at $2,290,000 after buying an additional 102,495 shares during the last quarter. Finally, Odey Asset Management Group Ltd lifted its stake in Och-Ziff Capital Management Group by 0.5% in the fourth quarter. Odey Asset Management Group Ltd now owns 5,966,566 shares of the asset manager’s stock valued at $54,892,000 after buying an additional 32,047 shares during the last quarter. Hedge funds and other institutional investors own 15.75% of the company’s stock.

Och-Ziff Capital Management Group Company Profile

Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.

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