Oaktree Capital Group, LLC (OAK) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in shares of Oaktree Capital Group, LLC (NYSE:OAK) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 820,092 shares of the asset manager’s stock after purchasing an additional 70,421 shares during the period. Mackenzie Financial Corp owned 0.52% of Oaktree Capital Group worth $38,585,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Oaktree Capital Group during the 2nd quarter worth approximately $110,000. Stelac Advisory Services LLC purchased a new stake in shares of Oaktree Capital Group during the 3rd quarter worth approximately $113,000. Penserra Capital Management LLC increased its stake in shares of Oaktree Capital Group by 10.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,471 shares of the asset manager’s stock worth $115,000 after purchasing an additional 224 shares during the last quarter. US Bancorp DE increased its stake in shares of Oaktree Capital Group by 59.2% during the 2nd quarter. US Bancorp DE now owns 3,025 shares of the asset manager’s stock worth $141,000 after purchasing an additional 1,125 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Oaktree Capital Group by 698.4% during the 3rd quarter. IFP Advisors Inc now owns 3,545 shares of the asset manager’s stock worth $167,000 after purchasing an additional 3,101 shares during the last quarter. Institutional investors own 22.60% of the company’s stock.

Several equities research analysts have recently issued reports on OAK shares. Morgan Stanley raised their price target on shares of Oaktree Capital Group from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. TheStreet lowered shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a research note on Friday, November 17th. Finally, Zacks Investment Research lowered shares of Oaktree Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Oaktree Capital Group currently has a consensus rating of “Hold” and a consensus target price of $49.50.

Oaktree Capital Group, LLC (NYSE:OAK) traded down $0.20 during trading on Wednesday, reaching $42.30. 205,100 shares of the company were exchanged, compared to its average volume of 224,104. Oaktree Capital Group, LLC has a fifty-two week low of $36.95 and a fifty-two week high of $48.50. The stock has a market cap of $6,639.14, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.88 and a beta of 0.57. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.80 and a quick ratio of 1.80.

Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. Oaktree Capital Group had a net margin of 19.04% and a return on equity of 18.88%. The business had revenue of $304.80 million during the quarter, compared to analyst estimates of $281.61 million. During the same period in the previous year, the business earned $0.92 EPS. Oaktree Capital Group’s revenue was down 16.5% compared to the same quarter last year. equities research analysts anticipate that Oaktree Capital Group, LLC will post 3.86 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Monday, November 6th were paid a $0.56 dividend. The ex-dividend date was Friday, November 3rd. This represents a $2.24 dividend on an annualized basis and a yield of 5.30%. Oaktree Capital Group’s dividend payout ratio is 51.49%.

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About Oaktree Capital Group

Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.

Institutional Ownership by Quarter for Oaktree Capital Group (NYSE:OAK)

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