Oaktree Capital Group LLC Unit (NYSE:OAK) Receives Consensus Rating of “Hold” from Brokerages

Shares of Oaktree Capital Group LLC Unit (NYSE:OAK) have received an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $46.00.

Separately, Zacks Investment Research downgraded Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th.

In other Oaktree Capital Group LLC Unit news, major shareholder Oaktree Capital Group Holdings purchased 76,800 shares of Oaktree Capital Group LLC Unit stock in a transaction dated Monday, June 3rd. The shares were acquired at an average cost of $4.62 per share, with a total value of $354,816.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ocm Growth Holdings Llc purchased 1,628,366 shares of Oaktree Capital Group LLC Unit stock in a transaction dated Friday, May 10th. The shares were acquired at an average cost of $15.16 per share, for a total transaction of $24,686,028.56. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 3,414,975 shares of company stock worth $33,121,527.

Hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in shares of Oaktree Capital Group LLC Unit by 29.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,940 shares of the asset manager’s stock valued at $315,000 after purchasing an additional 1,828 shares in the last quarter. Barclays PLC boosted its stake in shares of Oaktree Capital Group LLC Unit by 1,545.7% during the fourth quarter. Barclays PLC now owns 5,217 shares of the asset manager’s stock valued at $208,000 after purchasing an additional 4,900 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Oaktree Capital Group LLC Unit by 44.1% during the fourth quarter. Jane Street Group LLC now owns 9,406 shares of the asset manager’s stock valued at $374,000 after purchasing an additional 2,880 shares in the last quarter. FMR LLC boosted its stake in shares of Oaktree Capital Group LLC Unit by 24.0% during the fourth quarter. FMR LLC now owns 6,438,972 shares of the asset manager’s stock valued at $255,949,000 after purchasing an additional 1,245,698 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in shares of Oaktree Capital Group LLC Unit during the fourth quarter valued at about $370,000. 32.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:OAK opened at $50.70 on Tuesday. The company has a market capitalization of $8.12 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 2.44 and a beta of 0.53. Oaktree Capital Group LLC Unit has a 52 week low of $38.65 and a 52 week high of $51.01. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 2.84. The business has a 50 day simple moving average of $49.99.

Oaktree Capital Group LLC Unit (NYSE:OAK) last issued its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The business had revenue of $313.48 million during the quarter, compared to the consensus estimate of $311.80 million. Oaktree Capital Group LLC Unit had a return on equity of 18.93% and a net margin of 17.16%. The business’s quarterly revenue was up 47.0% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. As a group, equities analysts anticipate that Oaktree Capital Group LLC Unit will post 3.48 earnings per share for the current fiscal year.

Oaktree Capital Group LLC Unit Company Profile

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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