Oaktree Capital Group LLC (NYSE:OAK) has received an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $45.75.
A number of research analysts have commented on OAK shares. TheStreet upgraded Oaktree Capital Group from a “c+” rating to a “b-” rating in a research note on Tuesday, July 24th. Zacks Investment Research upgraded Oaktree Capital Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Thursday, July 12th. Morgan Stanley lowered their target price on Oaktree Capital Group from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, October 9th. Oppenheimer restated a “hold” rating on shares of Oaktree Capital Group in a research note on Monday, July 30th. Finally, ValuEngine upgraded Oaktree Capital Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th.
In related news, Director Ocm Growth Holdings Llc purchased 1,006,899 shares of Oaktree Capital Group stock in a transaction on Friday, September 14th. The stock was bought at an average price of $15.02 per share, with a total value of $15,123,622.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 completion of the sale, the director now directly owns 8,656 shares of the company’s stock, valued at approximately $358,358.40. The disclosure for this sale can be found here.
Shares of OAK stock opened at $41.83 on Monday. Oaktree Capital Group has a 1-year low of $38.65 and a 1-year high of $46.80. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.49. The firm has a market cap of $6.63 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.26 and a beta of 0.71.
Oaktree Capital Group (NYSE:OAK) last issued its earnings results on Thursday, October 25th. The asset manager reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.29. Oaktree Capital Group had a return on equity of 14.04% and a net margin of 13.96%. The firm had revenue of $320.17 million for the quarter, compared to the consensus estimate of $272.40 million. On average, equities research analysts anticipate that Oaktree Capital Group will post 2.86 EPS for the current year.
The company 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 $0.70 dividend. The ex-dividend date is Friday, November 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 6.69%. This is an increase from Oaktree Capital Group’s previous quarterly dividend of $0.55. Oaktree Capital Group’s payout ratio is 55.42%.
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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