Oaktree Capital Group LLC (OAK) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
Oaktree Capital Group LLC (NYSE:OAK)‘s stock had its “outperform” rating reaffirmed by Keefe, Bruyette & Woods in a research report issued on Tuesday.
Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut Oaktree Capital Group from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Barclays PLC lowered their price objective on Oaktree Capital Group from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, July 29th. Finally, Deutsche Bank AG lowered their price objective on Oaktree Capital Group from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, June 16th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $52.17.
Shares of Oaktree Capital Group (NYSE:OAK) traded down 0.37% on Tuesday, reaching $43.30. The company had a trading volume of 39,012 shares. Oaktree Capital Group has a 52 week low of $38.66 and a 52 week high of $52.15. The company’s 50-day moving average price is $44.39 and its 200 day moving average price is $46.19. The firm has a market capitalization of $2.71 billion, a P/E ratio of 27.34 and a beta of 0.50.
Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.22. The business had revenue of $282.70 million for the quarter, compared to analyst estimates of $317.17 million. During the same period in the prior year, the company posted $0.44 earnings per share. On average, analysts expect that Oaktree Capital Group will post $2.52 EPS for the current year.
In related news, major shareholder Oaktree Capital Group Holdings acquired 7,564,290 shares of Oaktree Capital Group stock in a transaction on Wednesday, August 10th. The stock was purchased at an average cost of $3.00 per share, with a total value of $22,692,870.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Principal Opportunities Fu Ocm sold 8,630,190 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $21.00, for a total value of $181,233,990.00. The disclosure for this sale can be found here.
A number of hedge funds have recently bought and sold shares of OAK. Evercore Wealth Management LLC bought a new stake in Oaktree Capital Group during the second quarter valued at approximately $112,000. Lazard Asset Management LLC increased its position in shares of Oaktree Capital Group by 33.3% in the first quarter. Lazard Asset Management LLC now owns 4,000 shares of the company’s stock worth $197,000 after buying an additional 1,000 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Oaktree Capital Group by 3.7% in the first quarter. Envestnet Asset Management Inc. now owns 4,930 shares of the company’s stock worth $243,000 after buying an additional 178 shares during the period. Gerber Kawasaki Wealth & Investment Management acquired a new position in shares of Oaktree Capital Group during the first quarter worth about $246,000. Finally, GWM Advisors LLC acquired a new position in shares of Oaktree Capital Group during the second quarter worth about $276,000.
Oaktree Capital Group Company Profile
Oaktree Capital Group, LLC (Oaktree) is a global investment manager specializing in alternative investments. 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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