Oaktree Capital Group LLC Unit (OAK) Receives $46.20 Consensus Price Target from Brokerages

Shares of Oaktree Capital Group LLC Unit (NYSE:OAK) have received a consensus rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $46.20.

Several equities research analysts have commented on OAK shares. Zacks Investment Research upgraded shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Friday, February 15th. ValuEngine upgraded shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Morgan Stanley lowered shares of Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Co raised their price target on shares of Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the company a “market perform” rating in a research note on Thursday, March 14th.

Shares of NYSE:OAK remained flat at $$50.05 during trading hours on Thursday. 529,513 shares of the company’s stock traded hands, compared to its average volume of 858,294. Oaktree Capital Group LLC Unit has a 12 month low of $38.65 and a 12 month high of $50.13. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 1.41 and a beta of 0.54. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 2.75.

Oaktree Capital Group LLC Unit (NYSE:OAK) last announced its quarterly earnings results on Tuesday, February 5th. The asset manager reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. Oaktree Capital Group LLC Unit had a net margin of 16.12% and a return on equity of 16.17%. The company had revenue of $290.17 million for the quarter, compared to analyst estimates of $244.20 million. During the same quarter last year, the business earned $0.72 earnings per share. Oaktree Capital Group LLC Unit’s revenue was down 11.4% compared to the same quarter last year. Sell-side analysts anticipate that Oaktree Capital Group LLC Unit will post 3.31 EPS for the current fiscal year.

In related news, major shareholder Oaktree Capital Group Holdings acquired 77,065 shares of the stock in a transaction that occurred on Friday, March 29th. The shares were acquired at an average price of $4.57 per share, for a total transaction of $352,187.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Several hedge funds and other institutional investors have recently bought and sold shares of OAK. Sowell Financial Services LLC bought a new stake in Oaktree Capital Group LLC Unit during the fourth quarter worth approximately $370,000. Financial Advocates Investment Management boosted its holdings in Oaktree Capital Group LLC Unit by 1,369.2% during the fourth quarter. Financial Advocates Investment Management now owns 35,275 shares of the asset manager’s stock worth $4,635,000 after buying an additional 32,874 shares in the last quarter. FMR LLC boosted its holdings in 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 worth $255,949,000 after buying an additional 1,245,698 shares in the last quarter. Jane Street Group LLC boosted its holdings in 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 worth $374,000 after buying an additional 2,880 shares in the last quarter. Finally, Barclays PLC boosted its holdings in 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 worth $208,000 after buying an additional 4,900 shares in the last quarter. Institutional investors and hedge funds own 28.24% of the company’s stock.

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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Analyst Recommendations for Oaktree Capital Group LLC Unit (NYSE:OAK)

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