Oaktree Capital Group LLC (OAK) Declares Quarterly Dividend of $1.00
Oaktree Capital Group (NYSE:OAK) declared a quarterly dividend on Friday, February 14th, American Banking and Market News reports. Shareholders of record on Monday, February 24th will be given a dividend of 1.00 per share on Thursday, February 27th. This represents a $4.00 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.74.
A number of research firms have recently commented on OAK. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Oaktree Capital Group in a research note on Friday. They now have a $68.00 price target on the stock, down previously from $69.00. On a related note, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Oaktree Capital Group in a research note on Friday. They now have a $69.00 price target on the stock, up previously from $65.00. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $61.81.
Oaktree Capital Group (NYSE:OAK) traded up 1.12% on Friday, hitting $60.39. 202,589 shares of the company’s stock traded hands. Oaktree Capital Group has a 52 week low of $48.35 and a 52 week high of $61.88. The stock has a 50-day moving average of $58.54 and a 200-day moving average of $55.46. The company has a market cap of $2.309 billion and a price-to-earnings ratio of 10.02.
Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.15 by $0.47. The company had revenue of $528.62 million for the quarter, compared to the consensus estimate of $412.90 million. During the same quarter last year, the company posted $1.47 earnings per share. Oaktree Capital Group’s revenue was up 18.3% compared to the same quarter last year. Analysts expect that Oaktree Capital Group will post $4.68 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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