Oaktree Capital Group LLC Unit (OAK) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in Oaktree Capital Group LLC Unit (NYSE:OAK) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,370 shares of the asset manager’s stock after selling 6,263 shares during the period. California Public Employees Retirement System owned 0.07% of Oaktree Capital Group LLC Unit worth $4,506,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OAK. Mackenzie Financial Corp lifted its position in shares of Oaktree Capital Group LLC Unit by 51.1% in the fourth quarter. Mackenzie Financial Corp now owns 2,736,011 shares of the asset manager’s stock worth $108,756,000 after buying an additional 925,604 shares in the last quarter. Royce & Associates LP lifted its position in shares of Oaktree Capital Group LLC Unit by 185.2% in the third quarter. Royce & Associates LP now owns 966,979 shares of the asset manager’s stock worth $40,033,000 after buying an additional 627,972 shares in the last quarter. FMR LLC lifted its position in shares of Oaktree Capital Group LLC Unit by 13.6% in the third quarter. FMR LLC now owns 5,193,274 shares of the asset manager’s stock worth $215,002,000 after buying an additional 621,764 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Oaktree Capital Group LLC Unit by 180.5% in the fourth quarter. Bank of Montreal Can now owns 186,475 shares of the asset manager’s stock worth $7,413,000 after buying an additional 120,000 shares in the last quarter. Finally, First Republic Investment Management Inc. lifted its position in shares of Oaktree Capital Group LLC Unit by 59.0% in the third quarter. First Republic Investment Management Inc. now owns 214,025 shares of the asset manager’s stock worth $8,861,000 after buying an additional 79,390 shares in the last quarter. Institutional investors own 28.46% of the company’s stock.

A number of research firms recently commented on OAK. Wells Fargo & Co boosted their target price on Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the stock a “market perform” rating in a research report on Thursday. Morgan Stanley downgraded Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a research report on Thursday. ValuEngine upgraded Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Thursday, March 7th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.50.

In other Oaktree Capital Group LLC Unit news, Director Ocm Growth Holdings Llc bought 2,192,658 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The shares were purchased at an average price of $15.19 per share, with a total value of $33,306,475.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Oaktree Capital Group Holdings bought 50,000 shares of the business’s stock in a transaction dated Monday, December 24th. The shares were acquired at an average cost of $4.18 per share, for a total transaction of $209,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 3,562,658 shares of company stock worth $39,312,875.

Shares of OAK stock opened at $48.99 on Friday. Oaktree Capital Group LLC Unit has a 1 year low of $38.65 and a 1 year high of $49.61. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 2.75. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 1.24 and a beta of 0.52.

Oaktree Capital Group LLC Unit (NYSE:OAK) last issued its quarterly earnings data on Tuesday, February 5th. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Oaktree Capital Group LLC Unit had a return on equity of 16.17% and a net margin of 16.12%. The business had revenue of $290.17 million for the quarter, compared to the consensus estimate of $244.20 million. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. On average, equities research analysts anticipate that Oaktree Capital Group LLC Unit will post 3.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Friday, February 15th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, February 14th. This is an increase from Oaktree Capital Group LLC Unit’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 6.12%. Oaktree Capital Group LLC Unit’s dividend payout ratio is 114.07%.

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Oaktree Capital Group LLC Unit Profile

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.

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Institutional Ownership by Quarter for Oaktree Capital Group LLC Unit (NYSE:OAK)

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