Oaktree Capital Group LLC (NYSE:OAK) – Investment analysts at Jefferies Financial Group issued their Q4 2019 earnings estimates for Oaktree Capital Group in a research note issued on Wednesday, October 10th. Jefferies Financial Group analyst G. O’hara anticipates that the asset manager will post earnings per share of $0.96 for the quarter.
Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Oaktree Capital Group had a net margin of 13.05% and a return on equity of 9.38%. The company had revenue of $273.53 million for the quarter, compared to analysts’ expectations of $276.75 million. During the same period last year, the business earned $1.73 earnings per share. The company’s quarterly revenue was down 61.2% compared to the same quarter last year.
A number of other equities research analysts have also issued reports on OAK. ValuEngine raised shares of Oaktree Capital Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 31st. TheStreet raised shares of Oaktree Capital Group from a “c+” rating to a “b-” rating in a report on Tuesday, July 24th. Oppenheimer reaffirmed a “hold” rating on shares of Oaktree Capital Group in a report on Monday, July 30th. Zacks Investment Research raised shares of Oaktree Capital Group from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Thursday, July 12th. Finally, Credit Suisse Group cut their price objective on shares of Oaktree Capital Group from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Oaktree Capital Group presently has a consensus rating of “Hold” and an average price target of $45.20.
Shares of OAK opened at $40.57 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.49. Oaktree Capital Group has a 1 year low of $38.65 and a 1 year high of $47.80. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 1.02 and a beta of 0.71.
Several hedge funds have recently bought and sold shares of OAK. FMR LLC grew its holdings in shares of Oaktree Capital Group by 30.3% in the second quarter. FMR LLC now owns 4,571,510 shares of the asset manager’s stock valued at $185,832,000 after purchasing an additional 1,061,900 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Oaktree Capital Group by 115.2% in the second quarter. Royce & Associates LP now owns 339,007 shares of the asset manager’s stock valued at $13,781,000 after purchasing an additional 181,490 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Oaktree Capital Group by 12.0% in the second quarter. Artisan Partners Limited Partnership now owns 1,272,150 shares of the asset manager’s stock valued at $51,713,000 after purchasing an additional 136,105 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in shares of Oaktree Capital Group in the second quarter valued at $5,473,000. Finally, Natixis purchased a new position in shares of Oaktree Capital Group in the first quarter valued at $5,101,000. 26.25% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Larry W. Keele sold 8,333 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $41.40, for a total value of $344,986.20. Following the completion of the transaction, the director now directly owns 8,656 shares of the company’s stock, valued at $358,358.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ocm Growth Holdings Llc bought 1,006,899 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was acquired at an average cost of $15.02 per share, with a total value of $15,123,622.98. The disclosure for this purchase can be found here.
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.
Featured Story: Moving Average (MA)
Receive News & Ratings for Oaktree Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.