Shares of Oaktree Capital Group, LLC (NYSE:OAK) have been given an average recommendation of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat.com reports. One investment 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. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $47.20.

Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Oaktree Capital Group from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Oaktree Capital Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 target price on shares of Oaktree Capital Group in a research note on Sunday, July 30th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $49.00 in a research note on Friday, July 28th.

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In related news, Vice Chairman John Frank sold 16,666 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $46.72, for a total value of $778,635.52. Following the completion of the transaction, the insider now owns 41,667 shares in the company, valued at approximately $1,946,682.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ocm Growth Holdings Llc bought 909,443 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was bought at an average price of $15.00 per share, with a total value of $13,641,645.00. The disclosure for this purchase can be found here.

A number of institutional investors have recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of Oaktree Capital Group by 24.9% in the first quarter. Morgan Stanley now owns 1,984,724 shares of the asset manager’s stock worth $89,908,000 after buying an additional 395,918 shares in the last quarter. Capital World Investors raised its position in shares of Oaktree Capital Group by 426.5% in the second quarter. Capital World Investors now owns 1,466,824 shares of the asset manager’s stock worth $68,354,000 after buying an additional 1,188,224 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Oaktree Capital Group by 958.3% in the second quarter. Principal Financial Group Inc. now owns 1,159,853 shares of the asset manager’s stock worth $54,048,000 after buying an additional 1,050,259 shares in the last quarter. Edge Asset Management Inc. raised its position in shares of Oaktree Capital Group by 13.2% in the first quarter. Edge Asset Management Inc. now owns 1,032,699 shares of the asset manager’s stock worth $46,781,000 after buying an additional 120,230 shares in the last quarter. Finally, Markel Corp raised its position in shares of Oaktree Capital Group by 16.4% in the second quarter. Markel Corp now owns 850,500 shares of the asset manager’s stock worth $39,633,000 after buying an additional 120,000 shares in the last quarter. Hedge funds and other institutional investors own 22.54% of the company’s stock.

Shares of Oaktree Capital Group (NYSE OAK) traded down 0.0728% during midday trading on Wednesday, hitting $45.9665. 101,536 shares of the stock were exchanged. The company has a market cap of $2.95 billion, a PE ratio of 10.0298 and a beta of 0.60. The stock has a 50 day moving average price of $47.19 and a 200-day moving average price of $46.19. Oaktree Capital Group has a 12 month low of $36.95 and a 12 month high of $48.50.

Oaktree Capital Group (NYSE:OAK) last released its earnings results on Thursday, July 27th. The asset manager reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.26. Oaktree Capital Group had a net margin of 19.17% and a return on equity of 20.11%. The firm had revenue of $704.36 million during the quarter, compared to analyst estimates of $592.84 million. During the same quarter in the previous year, the firm earned $0.79 earnings per share. On average, analysts predict that Oaktree Capital Group will post $3.93 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were given a dividend of $1.31 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $5.24 annualized dividend and a dividend yield of 11.39%. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.71. Oaktree Capital Group’s dividend payout ratio is currently 114.66%.

About Oaktree Capital Group

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.

Analyst Recommendations for Oaktree Capital Group (NYSE:OAK)

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