California Public Employees Retirement System lifted its holdings in shares of Oaktree Capital Group LLC (NYSE:OAK) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,175 shares of the asset manager’s stock after acquiring an additional 4,287 shares during the period. California Public Employees Retirement System owned 0.05% of Oaktree Capital Group worth $3,502,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in OAK. Burgundy Asset Management Ltd. grew its position in Oaktree Capital Group by 75.9% in the 3rd 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 last quarter. Mackenzie Financial Corp grew its position in Oaktree Capital Group by 9.4% in the 3rd quarter. Mackenzie Financial Corp now owns 820,092 shares of the asset manager’s stock valued at $38,585,000 after buying an additional 70,421 shares during the last quarter. JPMorgan Chase & Co. grew its position in Oaktree Capital Group by 5.1% in the 3rd 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 last quarter. Thornburg Investment Management Inc. grew its position in Oaktree Capital Group by 4.3% in the 3rd quarter. Thornburg Investment Management Inc. now owns 749,057 shares of the asset manager’s stock valued at $35,243,000 after buying an additional 30,598 shares during the last quarter. Finally, Gofen & Glossberg LLC IL grew its position in Oaktree Capital Group by 8.7% in the 3rd quarter. Gofen & Glossberg LLC IL now owns 135,500 shares of the asset manager’s stock valued at $6,375,000 after buying an additional 10,900 shares during the last quarter. Institutional investors and hedge funds own 22.95% of the company’s stock.
Shares of NYSE:OAK traded down $0.10 during midday trading on Friday, hitting $39.40. 460,220 shares of the stock were exchanged, compared to its average volume of 291,581. The company has a market capitalization of $6,156.84, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.90 and a beta of 0.69. The company has a quick ratio of 6.04, a current ratio of 6.04 and a debt-to-equity ratio of 2.39. Oaktree Capital Group LLC has a twelve month low of $38.80 and a twelve month high of $48.50.
Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.17. The business had revenue of $327.40 million during the quarter, compared to the consensus estimate 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 revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. equities analysts anticipate that Oaktree Capital Group LLC will post 3.37 earnings per share for the current year.
A number of research firms recently weighed in on OAK. Deutsche Bank lowered their price objective on shares of Oaktree Capital Group from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday. Zacks Investment Research upgraded shares of Oaktree Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. Morgan Stanley reduced their target price on Oaktree Capital Group from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, March 1st. ValuEngine downgraded Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase reduced their target price on Oaktree Capital Group from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $49.60.
In related news, Director Oaktree Capital Group Holdings sold 1,821,377 shares of Oaktree Capital Group stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $20.15, for a total transaction of $36,700,746.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Oaktree Capital Management Lp acquired 26,900 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were bought at an average price of $7.92 per share, with a total value of $213,048.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 529,796 shares of company stock valued at $3,290,379.
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About Oaktree Capital Group
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.
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