Oaktree Capital Group LLC Unit to Post Q1 2019 Earnings of $1.26 Per Share, Oppenheimer Forecasts (OAK)

Oaktree Capital Group LLC Unit (NYSE:OAK) – Investment analysts at Oppenheimer lifted their Q1 2019 earnings estimates for Oaktree Capital Group LLC Unit in a report issued on Wednesday, April 10th, according to Zacks Investment Research. Oppenheimer analyst C. Kotowski now forecasts that the asset manager will post earnings of $1.26 per share for the quarter, up from their previous estimate of $1.14. Oppenheimer also issued estimates for Oaktree Capital Group LLC Unit’s Q2 2019 earnings at $0.62 EPS and Q4 2019 earnings at $1.01 EPS.

Other analysts also recently issued reports about the company. ValuEngine upgraded Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Zacks Investment Research upgraded Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Thursday, March 7th. Morgan Stanley lowered 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 upped their target price on 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. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Oaktree Capital Group LLC Unit currently has a consensus rating of “Hold” and a consensus target price of $46.50.

Shares of NYSE:OAK traded up $0.48 on Friday, hitting $49.75. The company had a trading volume of 1,060,706 shares, compared to its average volume of 883,104. 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 has a 52-week low of $38.65 and a 52-week high of $50.76. The company has a market capitalization of $7.81 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.37 and a beta of 0.54.

Oaktree Capital Group LLC Unit (NYSE:OAK) last issued its quarterly earnings data on Thursday, April 25th. The asset manager reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.18. Oaktree Capital Group LLC Unit had a return on equity of 18.61% and a net margin of 17.09%. The business had revenue of $266.42 million for the quarter, compared to the consensus estimate of $522.21 million. During the same period in the prior year, the business earned $0.93 earnings per share. The business’s revenue was down 21.0% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Monday, May 6th will be paid a $1.05 dividend. This is a positive change from Oaktree Capital Group LLC Unit’s previous quarterly dividend of $0.75. This represents a $4.20 annualized dividend and a yield of 8.44%. The ex-dividend date of this dividend is Friday, May 3rd. Oaktree Capital Group LLC Unit’s dividend payout ratio is presently 114.07%.

In other Oaktree Capital Group LLC Unit news, major shareholder Oaktree Capital Group Holdings bought 32,516 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was purchased at an average cost of $4.69 per share, for a total transaction of $152,500.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased 147,938 shares of company stock valued at $675,376 over the last quarter.

A number of institutional investors have recently added to or reduced their stakes in OAK. Carroll Financial Associates Inc. acquired a new stake in Oaktree Capital Group LLC Unit during the fourth quarter worth about $33,000. Cordasco Financial Network acquired a new stake in Oaktree Capital Group LLC Unit during the first quarter worth about $35,000. Alpha Omega Wealth Management LLC increased its stake in Oaktree Capital Group LLC Unit by 108.4% during the first quarter. Alpha Omega Wealth Management LLC now owns 1,115 shares of the asset manager’s stock worth $55,000 after acquiring an additional 580 shares during the last quarter. M&R Capital Management Inc. increased its stake in Oaktree Capital Group LLC Unit by 534.5% during the fourth quarter. M&R Capital Management Inc. now owns 3,680 shares of the asset manager’s stock worth $146,000 after acquiring an additional 3,100 shares during the last quarter. Finally, We Are One Seven LLC acquired a new stake in Oaktree Capital Group LLC Unit during the fourth quarter worth about $165,000. Hedge funds and other institutional investors own 28.12% of the company’s stock.

About Oaktree Capital Group LLC Unit

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.

See Also: What are the FAANG Stocks?

Get a free copy of the Zacks research report on Oaktree Capital Group LLC Unit (OAK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Oaktree Capital Group LLC Unit (NYSE:OAK)

Receive News & Ratings for Oaktree Capital Group LLC Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Capital Group LLC Unit and related companies with MarketBeat.com's FREE daily email newsletter.