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Research analysts at Jefferies Group hoisted their price target on shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) from $16.00 to $18.00 in a report released on Friday, Analyst Ratings.Net reports. Jefferies Group’s target price indicates a potential upside of 16.35% from the stock’s previous close.

Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) traded up 2.72% on Friday, hitting $15.47. 1,862,534 shares of the company’s stock traded hands. Och-Ziff Capital Management Group LLC has a 52-week low of $8.73 and a 52-week high of $16.00. The stock’s 50-day moving average is $14.88 and its 200-day moving average is $12.73. The company has a market cap of $2.472 billion and a price-to-earnings 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 in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. Analysts expect that Och-Ziff Capital Management Group LLC will post $1.55 EPS 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.

OZM has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Och-Ziff Capital Management Group LLC to $16.00 in a research note to investors on Friday. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Och-Ziff Capital Management Group LLC presently has an average rating of “Buy” and an average price target 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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