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Equities researchers at JPMorgan Chase & Co. lifted their target price on shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) to $16.00 in a research report issued on Friday, AnalystRatings.Net reports. JPMorgan Chase & Co.’s price target points to a potential upside of 3.43% from the company’s current price.

Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) traded up 2.72% during mid-day trading on Friday, hitting $15.47. 1,862,534 shares of the company’s stock traded hands. Och-Ziff Capital Management Group LLC has a 1-year low of $8.73 and a 1-year high of $16.00. The stock has a 50-day moving average of $14.9 and a 200-day moving average of $12.76. The company has a market cap of $2.472 billion and a P/E ratio of 21.70.

Och-Ziff Capital Management Group LLC (NYSE:OZM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.34. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $842.46 million. During the same quarter last year, the company posted $0.77 earnings per share. Och-Ziff Capital Management Group LLC’s revenue was up 47.9% compared to the same quarter last year. On average, analysts predict that Och-Ziff Capital Management Group LLC will post $1.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be given a dividend of 1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 28.96%. The ex-dividend date of this dividend is Thursday, February 13th. This is a positive change from Och-Ziff Capital Management Group LLC’s previous quarterly dividend of $0.25.

A number of other firms have also recently commented on OZM. Analysts at Zacks upgraded shares of Och-Ziff Capital Management Group LLC from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, January 17th. They now have a $17.10 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Och-Ziff Capital Management Group LLC from $16.00 to $19.00 in a research note to investors on Wednesday, January 8th. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Och-Ziff Capital Management Group LLC from $13.00 to $15.00 in a research note to investors on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $16.68.

Och-Ziff Capital Management Group LLC (NYSE:OZM) is an independent alternative asset manager with a diversified institutional investor base.

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