Oaktree Capital Group LLC Declares Quarterly Dividend of $0.74 (OAK)
Oaktree Capital Group LLC (NYSE:OAK) announced a quarterly dividend on Friday, November 1st, American Banking News reports. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.74 per share on Friday, November 15th. This represents a $2.96 annualized dividend and a dividend yield of 5.20%.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Oaktree Capital Group LLC from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 22nd. They now have a $54.70 price target on the stock. On the ratings front, analysts at Bank of America Corp. reiterated a “hold” rating on shares of Oaktree Capital Group LLC in a research note to investors on Monday, October 14th. They now have a $58.00 price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Oaktree Capital Group LLC to $60.00 in a research note to investors on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $59.28.
Shares of Oaktree Capital Group LLC (NYSE:OAK) traded down 0.11% on Friday, hitting $56.86. The stock had a trading volume of 12,066 shares. Oaktree Capital Group LLC has a 52 week low of $38.31 and a 52 week high of $59.50. The stock’s 50-day moving average is $55.13 and its 200-day moving average is $53.51. The company has a market cap of $2.174 billion and a price-to-earnings ratio of 9.85.
Oaktree Capital Group LLC (NYSE:OAK) last announced its earnings results on Friday, November 1st. The company reported $1.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.01 by $0.15. The company had revenue of $361.60 million for the quarter, compared to the consensus estimate of $374.45 million. During the same quarter last year, the company posted $0.88 earnings per share. Oaktree Capital Group LLC’s revenue was up 18.7% compared to the same quarter last year. Analysts expect that Oaktree Capital Group LLC will post $5.74 EPS for the current fiscal year.
Oaktree Capital Group, LLC (NYSE:OAK) is a global investment management firm focused on alternative markets.
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