Equities analysts expect Oaktree Capital Group LLC (NYSE:OAK) to report sales of $383.57 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Oaktree Capital Group’s earnings, with the highest sales estimate coming in at $397.80 million and the lowest estimate coming in at $361.11 million. Oaktree Capital Group reported sales of $391.19 million in the same quarter last year, which would suggest a negative year over year growth rate of 1.9%. The company is expected to report its next earnings report on Thursday, April 26th.
On average, analysts expect that Oaktree Capital Group will report full-year sales of $383.57 million for the current year, with estimates ranging from $1.46 billion to $1.59 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.74 billion per share, with estimates ranging from $1.65 billion to $1.89 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Oaktree Capital Group.
Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.17. The firm had revenue of $327.40 million during the quarter, compared to analyst estimates of $286.45 million. Oaktree Capital Group had a return on equity of 18.04% and a net margin of 15.75%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share.
OAK has been the subject of a number of analyst reports. TheStreet lowered Oaktree Capital Group from a “b-” rating to a “c+” rating in a research note on Friday, November 17th. ValuEngine lowered Oaktree Capital Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Oaktree Capital Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd. JPMorgan Chase & Co. dropped their price objective on Oaktree Capital Group from $53.00 to $51.00 and set a “neutral” rating for the company in a research note on Tuesday, February 13th. Finally, Morgan Stanley dropped their price objective on Oaktree Capital Group from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Oaktree Capital Group has a consensus rating of “Hold” and a consensus price target of $50.20.
Oaktree Capital Group (NYSE:OAK) traded up $0.10 during trading hours on Monday, hitting $39.95. The stock had a trading volume of 302,603 shares, compared to its average volume of 535,107. The stock has a market capitalization of $6,240.00, a price-to-earnings ratio of 9.67, a PEG ratio of 0.92 and a beta of 0.67. Oaktree Capital Group has a 52-week low of $39.70 and a 52-week high of $48.50. The company has a debt-to-equity ratio of 2.39, a quick ratio of 6.04 and a current ratio of 6.04.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 16th were paid a $0.76 dividend. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.04 dividend on an annualized basis and a yield of 7.61%. Oaktree Capital Group’s dividend payout ratio (DPR) is presently 73.61%.
In other Oaktree Capital Group news, major shareholder Organics L.P. Oaktree purchased 3,055,460 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average price of $7.50 per share, with a total value of $22,915,950.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Oaktree Capital Management Lp purchased 84,054 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was acquired at an average cost of $5.22 per share, with a total value of $438,761.88. The disclosure for this purchase can be found here. Insiders purchased 3,412,387 shares of company stock valued at $25,151,205 in the last ninety days.
Hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp lifted its position in Oaktree Capital Group by 45.1% during the fourth quarter. Mackenzie Financial Corp now owns 1,189,792 shares of the asset manager’s stock valued at $50,090,000 after buying an additional 369,700 shares during the period. Burgundy Asset Management Ltd. lifted its position in Oaktree Capital Group by 75.9% during the third quarter. Burgundy Asset Management Ltd. now owns 416,310 shares of the asset manager’s stock valued at $19,587,000 after buying an additional 179,627 shares during the period. Oak Grove Capital LLC purchased a new position in Oaktree Capital Group during the fourth quarter valued at $3,513,000. JPMorgan Chase & Co. lifted its position in Oaktree Capital Group by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 1,389,230 shares of the asset manager’s stock valued at $65,016,000 after buying an additional 67,825 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Oaktree Capital Group by 21.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 384,335 shares of the asset manager’s stock valued at $16,181,000 after buying an additional 66,608 shares during the period. 23.01% of the stock is owned by institutional investors.
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Oaktree Capital Group Company Profile
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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