Oaktree Capital Group, LLC (NYSE:OAK) – Analysts at Oppenheimer Holdings lifted their Q3 2017 EPS estimates for Oaktree Capital Group in a research report issued on Friday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the asset manager will post earnings of $0.65 per share for the quarter, up from their prior estimate of $0.62. Oppenheimer Holdings also issued estimates for Oaktree Capital Group’s FY2017 earnings at $3.54 EPS and FY2018 earnings at $3.69 EPS.

Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.08. The firm had revenue of $391.20 million during the quarter, compared to analysts’ expectations of $341.84 million. Oaktree Capital Group had a net margin of 19.08% and a return on equity of 17.74%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. TRADEMARK VIOLATION WARNING: “Oaktree Capital Group, LLC to Post Q3 2017 Earnings of $0.65 Per Share, Oppenheimer Holdings Forecasts (NYSE:OAK)” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/17/oaktree-capital-group-llc-to-post-q3-2017-earnings-of-0-65-per-share-oppenheimer-holdings-forecasts-nyseoak.html.

Several other equities research analysts have also recently weighed in on the stock. BidaskClub raised shares of Oaktree Capital Group from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley reissued an “overweight” rating and issued a $54.00 target price (down previously from $56.00) on shares of Oaktree Capital Group in a report on Monday, July 10th. Jefferies Group LLC started coverage on shares of Oaktree Capital Group in a report on Wednesday, June 28th. They issued a “hold” rating and a $49.00 target price for the company. Deutsche Bank AG increased their target price on shares of Oaktree Capital Group from $44.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, TheStreet raised shares of Oaktree Capital Group from a “c+” rating to a “b-” rating in a report on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.00.

Shares of Oaktree Capital Group (NYSE:OAK) opened at 47.70 on Monday. The firm has a 50-day moving average of $46.47 and a 200 day moving average of $44.27. The firm has a market cap of $3.06 billion, a PE ratio of 13.53 and a beta of 0.60. Oaktree Capital Group has a 52-week low of $36.95 and a 52-week high of $48.94.

In related news, Director Ocm Growth Holdings Llc bought 909,443 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was purchased at an average price of $15.00 per share, with a total value of $13,641,645.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

A number of hedge funds and other institutional investors have recently modified their holdings of OAK. Russell Investments Group Ltd. acquired a new position in shares of Oaktree Capital Group during the first quarter worth about $103,000. K.J. Harrison & Partners Inc raised its position in shares of Oaktree Capital Group by 23.1% in the first quarter. K.J. Harrison & Partners Inc now owns 97,926 shares of the asset manager’s stock worth $4,436,000 after buying an additional 18,364 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Oaktree Capital Group by 6.4% in the first quarter. Janney Montgomery Scott LLC now owns 28,556 shares of the asset manager’s stock worth $1,294,000 after buying an additional 1,715 shares during the period. River Road Asset Management LLC raised its position in shares of Oaktree Capital Group by 56.1% in the first quarter. River Road Asset Management LLC now owns 203,475 shares of the asset manager’s stock worth $9,217,000 after buying an additional 73,111 shares during the period. Finally, Osborne Partners Capital Management LLC raised its position in shares of Oaktree Capital Group by 1.1% in the first quarter. Osborne Partners Capital Management LLC now owns 82,397 shares of the asset manager’s stock worth $3,733,000 after buying an additional 885 shares during the period. Institutional investors and hedge funds own 22.66% of the company’s stock.

Oaktree Capital Group Company Profile

Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.

Earnings History and Estimates for Oaktree Capital Group (NYSE:OAK)

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