Brokers Issue Forecasts for Oaktree Capital Group LLC’s FY2018 Earnings (OAK)

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Oaktree Capital Group LLC (NYSE:OAK) – Analysts at Jefferies Financial Group lifted their FY2018 earnings estimates for shares of Oaktree Capital Group in a note issued to investors on Thursday, October 25th. Jefferies Financial Group analyst G. O’hara now anticipates that the asset manager will post earnings per share of $2.95 for the year, up from their previous forecast of $2.64. Jefferies Financial Group also issued estimates for Oaktree Capital Group’s Q4 2018 earnings at $0.74 EPS, Q1 2019 earnings at $0.76 EPS, Q2 2019 earnings at $0.79 EPS, Q3 2019 earnings at $0.82 EPS and Q4 2019 earnings at $0.88 EPS.

Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.29. The business had revenue of $320.17 million during the quarter, compared to the consensus estimate of $272.40 million. Oaktree Capital Group had a return on equity of 14.04% and a net margin of 13.96%.

Several other research analysts also recently commented on OAK. ValuEngine raised Oaktree Capital Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 31st. JPMorgan Chase & Co. boosted their target price on Oaktree Capital Group from $47.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 24th. TheStreet raised Oaktree Capital Group from a “c+” rating to a “b-” rating in a research note on Tuesday, July 24th. Oppenheimer reissued a “hold” rating on shares of Oaktree Capital Group in a research note on Monday, July 30th. Finally, Zacks Investment Research raised Oaktree Capital Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Thursday, July 12th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.80.

Shares of NYSE OAK opened at $42.16 on Monday. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 1.06 and a beta of 0.71. Oaktree Capital Group has a 12 month low of $38.65 and a 12 month high of $46.80.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Monday, November 5th will be paid a dividend of $0.70 per share. This is an increase from Oaktree Capital Group’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $2.80 annualized dividend and a yield of 6.64%. Oaktree Capital Group’s payout ratio is presently 55.42%.

In other news, Director Ocm Growth Holdings Llc purchased 1,006,899 shares of Oaktree Capital Group stock in a transaction dated Friday, September 14th. The shares were bought at an average cost of $15.02 per share, for a total transaction of $15,123,622.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry W. Keele sold 8,333 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $41.40, for a total value of $344,986.20. Following the sale, the director now owns 8,656 shares in the company, valued at $358,358.40. The disclosure for this sale can be found here.

Several large investors have recently added to or reduced their stakes in the company. SOL Capital Management CO grew its holdings in shares of Oaktree Capital Group by 7.8% during the third quarter. SOL Capital Management CO now owns 67,600 shares of the asset manager’s stock worth $2,799,000 after purchasing an additional 4,910 shares during the last quarter. Beck Mack & Oliver LLC grew its holdings in shares of Oaktree Capital Group by 19.5% during the third quarter. Beck Mack & Oliver LLC now owns 276,725 shares of the asset manager’s stock worth $11,456,000 after purchasing an additional 45,155 shares during the last quarter. Osborne Partners Capital Management LLC grew its holdings in shares of Oaktree Capital Group by 1.7% during the third quarter. Osborne Partners Capital Management LLC now owns 95,156 shares of the asset manager’s stock worth $3,939,000 after purchasing an additional 1,610 shares during the last quarter. Exane Derivatives grew its holdings in shares of Oaktree Capital Group by 11.8% during the third quarter. Exane Derivatives now owns 18,304 shares of the asset manager’s stock worth $758,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Northern Trust Corp bought a new stake in shares of Oaktree Capital Group during the second quarter worth about $201,000. Institutional investors own 26.19% of the company’s stock.

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

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