Stifel Financial Corp Sells 40,170 Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM)

Stifel Financial Corp trimmed its position in shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) by 12.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 282,507 shares of the asset manager’s stock after selling 40,170 shares during the period. Stifel Financial Corp owned about 0.15% of Och-Ziff Capital Management Group worth $725,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Och-Ziff Capital Management Group during the second quarter valued at about $5,120,000. Artemis Investment Management LLP grew its holdings in Och-Ziff Capital Management Group by 69.0% in the second quarter. Artemis Investment Management LLP now owns 2,740,000 shares of the asset manager’s stock worth $7,001,000 after purchasing an additional 1,118,975 shares during the period. Stonerise Capital Management LLC purchased a new stake in Och-Ziff Capital Management Group in the second quarter worth about $2,474,000. Glacier Peak Capital LLC grew its holdings in Och-Ziff Capital Management Group by 42.5% in the second quarter. Glacier Peak Capital LLC now owns 2,039,388 shares of the asset manager’s stock worth $5,221,000 after purchasing an additional 608,468 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Och-Ziff Capital Management Group by 565.9% in the second quarter. California Public Employees Retirement System now owns 606,000 shares of the asset manager’s stock worth $1,551,000 after purchasing an additional 515,000 shares during the period. 17.04% of the stock is owned by hedge funds and other institutional investors.

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Och-Ziff Capital Management Group LLC (NYSE OZM) traded up $0.05 on Friday, reaching $3.23. 954,700 shares of the company traded hands, compared to its average volume of 782,356. The stock has a market capitalization of $1,668.10, a PE ratio of 12.72 and a beta of 1.33. Och-Ziff Capital Management Group LLC has a 52 week low of $2.15 and a 52 week high of $3.95. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -2.61.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its earnings results on Thursday, November 2nd. The asset manager reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The company had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $101.92 million. Och-Ziff Capital Management Group had a net margin of 3.35% and a negative return on equity of 54.57%. Och-Ziff Capital Management Group’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share. analysts anticipate that Och-Ziff Capital Management Group LLC will post 0.2 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 13th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.08 annualized dividend and a yield of 2.48%. Och-Ziff Capital Management Group’s payout ratio is 100.01%.

A number of equities research analysts have weighed in on the stock. BidaskClub cut shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine downgraded shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Zacks Investment Research upgraded shares of Och-Ziff Capital Management Group from a “hold” rating to a “strong-buy” rating and set a $3.25 price objective on the stock in a research report on Friday, July 14th. Jefferies Group LLC increased their price target on shares of Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $3.25 price objective on shares of Och-Ziff Capital Management Group in a research note on Tuesday, September 5th. Seven equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $3.25.

Och-Ziff Capital Management Group Company Profile

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

Institutional Ownership by Quarter for Och-Ziff Capital Management Group (NYSE:OZM)

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