Oaktree Capital Management (NYSE:OAK) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $49.40.

Several brokerages recently commented on OAK. JPMorgan Chase cut their target price on Oaktree Capital Management from $53.00 to $51.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 13th. ValuEngine lowered Oaktree Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded Oaktree Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. Morgan Stanley cut their target price on Oaktree Capital Management from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, March 1st. Finally, Deutsche Bank cut their target price on Oaktree Capital Management from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, April 6th.

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Shares of Oaktree Capital Management stock traded up $0.18 on Thursday, hitting $39.93. 63,469 shares of the company’s stock traded hands, compared to its average volume of 363,613. Oaktree Capital Management has a one year low of $38.80 and a one year high of $48.50. The company has a debt-to-equity ratio of 2.39, a current ratio of 6.04 and a quick ratio of 6.04. The firm has a market cap of $6,133.40, a price-to-earnings ratio of 10.09, a PEG ratio of 1.01 and a beta of 0.69.

Oaktree Capital Management (NYSE:OAK) last announced its earnings results on Tuesday, February 6th. The asset manager reported $0.72 EPS for the quarter, beating the consensus estimate of $0.55 by $0.17. Oaktree Capital Management had a return on equity of 18.04% and a net margin of 15.75%. The company had revenue of $327.40 million for the quarter, compared to analyst estimates of $286.45 million. During the same quarter in the prior year, the company earned $0.91 EPS. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. sell-side analysts expect that Oaktree Capital Management will post 3.36 EPS for the current fiscal year.

In other Oaktree Capital Management news, Director Oaktree Capital Group Holdings sold 1,821,377 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $20.15, for a total value of $36,700,746.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Oaktree Capital Management Lp purchased 84,054 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was purchased at an average price of $5.22 per share, for a total transaction of $438,761.88. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 529,796 shares of company stock worth $3,290,379.

A number of large investors have recently made changes to their positions in OAK. Oak Grove Capital LLC purchased a new stake in shares of Oaktree Capital Management in the fourth quarter worth approximately $3,513,000. Mackenzie Financial Corp raised its stake in shares of Oaktree Capital Management by 45.1% in the fourth quarter. Mackenzie Financial Corp now owns 1,189,792 shares of the asset manager’s stock worth $50,090,000 after purchasing an additional 369,700 shares during the last quarter. Sterneck Capital Management LLC purchased a new stake in shares of Oaktree Capital Management in the fourth quarter worth approximately $211,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Oaktree Capital Management by 31.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,238 shares of the asset manager’s stock worth $1,093,000 after purchasing an additional 5,603 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Oaktree Capital Management in the fourth quarter worth approximately $556,000. Institutional investors and hedge funds own 22.95% of the company’s stock.

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Oaktree Capital Management Company Profile

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.

Analyst Recommendations for Oaktree Capital Management (NYSE:OAK)

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