Oaktree Capital Group LLC (OAK) Declares Dividend of $0.55
Oaktree Capital Group (NYSE:OAK) declared a dividend on Thursday, July 31st, American Banking & Market News reports. Shareholders of record on Monday, August 11th will be given a dividend of 0.55 per share on Thursday, August 14th. The ex-dividend date of this dividend is Thursday, August 7th.
A number of analysts have recently weighed in on OAK shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Oaktree Capital Group in a research note on Friday. They now have a $60.00 price target on the stock. On the ratings front, analysts at Sandler O’Neill cut their price target on shares of Oaktree Capital Group from $64.00 to $58.00 in a research note on Wednesday, July 16th. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Oaktree Capital Group from $64.00 to $63.00 in a research note on Tuesday, July 15th. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $57.79.
Shares of Oaktree Capital Group (NYSE:OAK) traded down 1.82% on Tuesday, hitting $49.1288. 197,617 shares of the company’s stock traded hands. Oaktree Capital Group has a one year low of $47.36 and a one year high of $62.30. The stock has a 50-day moving average of $49.88 and a 200-day moving average of $54.0. The company has a market cap of $2.136 billion and a price-to-earnings ratio of 10.48.
Oaktree Capital Group (NYSE:OAK) last released its earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.08. The company had revenue of $302.52 million for the quarter, compared to the consensus estimate of $282.44 million. During the same quarter in the prior year, the company posted $1.75 earnings per share. Analysts expect that Oaktree Capital Group will post $4.05 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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