CIBC World Markets Inc. raised its position in shares of Oaktree Capital Group LLC (NYSE:OAK) by 25.2% during the 3rd quarter, Holdings Channel reports. The firm owned 17,345 shares of the asset manager’s stock after buying an additional 3,494 shares during the quarter. CIBC World Markets Inc.’s holdings in Oaktree Capital Group were worth $718,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. EdgePoint Investment Group Inc. purchased a new stake in Oaktree Capital Group during the 2nd quarter valued at about $167,000. Stelac Advisory Services LLC lifted its holdings in shares of Oaktree Capital Group by 44.2% in the 3rd quarter. Stelac Advisory Services LLC now owns 4,173 shares of the asset manager’s stock valued at $173,000 after buying an additional 1,280 shares during the period. Northern Trust Corp acquired a new position in shares of Oaktree Capital Group in the 2nd quarter valued at about $201,000. Sei Investments Co. lifted its holdings in shares of Oaktree Capital Group by 70.9% in the 2nd quarter. Sei Investments Co. now owns 6,024 shares of the asset manager’s stock valued at $245,000 after buying an additional 2,499 shares during the period. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Oaktree Capital Group in the 2nd quarter valued at about $263,000. Institutional investors and hedge funds own 27.17% of the company’s stock.
Several equities analysts have recently issued reports on the company. TheStreet raised Oaktree Capital Group from a “c+” rating to a “b-” rating in a report on Thursday, November 15th. Deutsche Bank decreased their price objective on Oaktree Capital Group from $41.00 to $39.00 and set a “hold” rating for the company in a report on Friday, November 16th. Morgan Stanley decreased their price objective on Oaktree Capital Group from $51.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, August 14th. JPMorgan Chase & Co. boosted their price objective on Oaktree Capital Group from $47.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 24th. Finally, ValuEngine raised Oaktree Capital Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.40.
In other Oaktree Capital Group news, major shareholder Oaktree Capital Group Holdings purchased 408,521 shares of Oaktree Capital Group stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average price of $4.41 per share, with a total value of $1,801,577.61. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ocm Growth Holdings Llc purchased 1,006,899 shares of Oaktree Capital Group 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. Insiders purchased a total of 1,684,477 shares of company stock valued at $18,192,267 in the last ninety days.
Shares of OAK stock opened at $40.62 on Thursday. The stock has a market capitalization of $6.51 billion, a PE ratio of 10.23, a P/E/G ratio of 1.21 and a beta of 0.57. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 2.60. Oaktree Capital Group LLC has a 52-week low of $38.65 and a 52-week high of $46.80.
Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, October 25th. The asset manager reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.29. The business had revenue of $320.17 million during the quarter, compared to analysts’ expectations of $272.40 million. Oaktree Capital Group had a return on equity of 14.03% and a net margin of 13.96%. As a group, equities research analysts expect that Oaktree Capital Group LLC will post 2.91 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Monday, November 5th were issued a $0.70 dividend. This is a boost from Oaktree Capital Group’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 6.89%. Oaktree Capital Group’s dividend payout ratio is presently 70.53%.
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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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